In every figure, each bar corresponds to the average wealth share at the end of experiments when exponential moving average period [[tau].sup.(c)] is given a specific value.
Obviously, no matter [d.sub.f] is at which intervals, with the exponential moving average periods increasing, chartists' wealth shares also show an increasing trend, indicating that a higher memory length will help chartists form more accurate expectations, thus increasing their wealth shares.
Similarly, Deyaar Development has been in tight short term consolidation sitting on its support zone identified by the 100 period exponential moving average. Price moving through short term resistance of Dh0.77 signals strength of buyers.
It's also sitting above the 200 period exponential moving average, a long term bullish sign.
Thursday's close also puts the ADI above the 100 period exponential moving average trend indicator.
Takaful House, up seven per cent for the week, has maintained its uptrend pretty well during the recent market correction and is sitting very close to short-term resistance of Dh2.20, which is also its 200 period exponential moving average. A break through that level could signal further strengthening.
It found resistance in the area of its 200 period exponential moving average trend indicator (higher curved line in chart), a long-term trend indicator before turning down.
The first support level for the ADX is around 2,763 followed by the 2,705 area, a previous resistance zone and around the 100 period exponential moving average (lower curved line).
The ADX broke through its 100 period exponential moving average (light blue curved line) and has rallied strongly since.
After that the next important resistance area is around 2825, followed by the 200 period exponential moving average (blue curved line), currently near 2959.