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Adxmarketstalkstock

Very Tricky Be CarefuulTrend Overall the trend is still positive but now its been consolidating at the top for so many days I hope its not a distribution phase of this trend. We are seeing some weakness from the bulls but still there is no confirmation yet. Chart Patterns Well we can see a consolidation happening within a tight range and at the same time we can see price is testing higher resistance levels that is also indicating a triangle chart patter. My worry is if it breaks to the down side it will make a very big impact, panic selling will create more selling pressure and price can go lower from here. Incase if it breaks up then we are all smiling obviously. For now its looking weaker on daily and weekly chart I think it will break to the downside and create a mess...huh! Hit like & follow guys ;)
QShort
by stalkstock
Any one Hurt??Fantastic performance by Rak Properties last week, over all bulls are very aggressive and without any mercy. Bears are not seeing till the end of the ocean for now. We saw huge volumes in this stock and it was top traded stock in Fridays session. I think this rally is here to stay and dip is buying opportunity for now. Real Estate Boom With the real estate market booking in the UAE, Rak is launching some amazing properties are attractive prices which is driving FDI crazy. Their revenues are jumping with the fundamentals so promising. China Effect With slow housings in China, many Chinese investors have flocked into RAK and bought properties for investments pushing the demand higher. This trend is to continue for now till we see Yuan stabilizes. Casino Effect RAK is also launching first casino in the UAE which will attract millions and millions of people into RAK, this will boost the economy and bring RAK into center of attraction. Conclusion Real Estate to continue its boom and enjoy the flow from different parts of the world. This will flourish the economy and boost revenues of real estate companies.
ADX:RAKPROPLong
by stalkstock