DFM
Salama - DFMwhat a spike upwards yesterday i missed it thought but i planned to enter today, i entered at 0.551 i expect it to retrace a bit as its just crossed 200 ema surely there was some profit booking today on this i got a chance to exit as well but will keep this position to exit later this week. My first target is 0.570 will offload some quantity here and next will be 0.600
Deyaar - DFMI was long on this one i exited this trade with decent profit yesterday, i see it is holding nice at 200 ema and can go higher. I may look for buying this again tomorrow. Also this is on my watchlist as its a uptrend stock as of now and traded on good volumes.
Happy Trading :)
Hit LIke & Follow
Dubai Financial Market - Whos in the market?Nice start of the week with solid green candle saying it wants to go more up, RSI confirming the short term up trend as it has entered the BULL area now after retracing 50% from the last low. However it will be soon tested with 50 EMA. Check out the chart for the immediate resistance.
My Stock Picks for the week
DFM
ARAMEX
DAMAC
AIR ARABIA
DEYAAR
HAPPY TRADING ;)
Damac - Intraday PickNice closing with solid green candle, i see more upside coming tomorrow and can give a good opportunity for intraday trade. Buy zone is around 0.554 to 0.558 to have a nice and early entry stop loss 0.536 RSI saying it wants to go more up.Early in and out of the game as markets are not stable this days we try to book the profit same day. Happy Trading
Did you hit the like?
Emaar - DfmEmaar is in a solid long term down trend but at the same time it gives opportunity to buy this stock at cheaper levels for long term investments which can give good returns. At these levels surely many investors would pick this up and keep this stock for a year or so and enjoy the dividends on quarterly basis. Me as a swing and intraday trader i am not trading this particular stock. Happy Trading
Hit that like & follow ;)
Deyaar - DFMThis stock is in near uptrend, it gave a nice and solid closing in a market that was seriously trending low with all the stocks going down.It found resistance and 0.267 - 0.270 area trying to fill up the previous gaps but gave a nice closing candle. I think it has got more upside tomorrow again testing the lower level which is around 0.260 to 0.265. I will long this if i get a nice entry. Happy trading
Hit Like & Follow
Arabtec - ArtcIt has almost broken the trendline, i am still holding the position from last week and currently in red. If the market is positive i will try to offload my position even at breakeven. This is the reason jumping into the markets without a plan is risky artc was not in my plan and i just picked it up out of hype. I dont like to trade against the trend and this is one mistake as a trader which i am kinda regretting as of now. Never the less lesson learnt again!!
Hit like & Follow :)
Arabtec - DFMArtc is on a nice run thought its on a down trend, i took this tread on 15 mins chart at 0.591 was but aggressive to buy this as price did retrace back and could have got a better price. Its on a run and more up side expected in coming days. As a intraday trader i look for a profit to close the position will not hold it for long as its a down trend stock. Happy trading
Hit like & follow if you like my analysis and trades!
Union Properties - DFMIt has performed well and is in short term bull trend. I can see possibly 2 scenarios from here.
1) It test 200 ema and retraces back at 200 ema level and resume the rally.
2) It Test 200 ema and retraces back to its first near term zone that is 0.250 - 0.255 and resume to rally
UPP is at a important test levels which will decide its future moves. I will not take any position on this till the move is confirmed.
Did you like the analysis? Hit like & Follow
Dubai Financial Market - DFMThis stock have tested the resent support level and have bounced off from there.we can see in the lower time frame to confirm. It can fill up the previous gaps that would be the immediate targets. I would like to buy this if the market is positive tomorrow and not under pressure to see it resuming the rally.
Watch it closely before taking the trade. Happy Trading
Hit like & Follow
DFMIt didnt perform well as per the over all market, it have made a doji candle right at the tinkan sen acting as a resistance i am in the trade at 0.654 with a target of 0.727 to fill in the previous gap that can be a resistance. Lets see how the trade folds i am still holding it for the coming days if the Opec deal is done might hold it for longer time and book the profits. Keep you posted. Happy Trading!
Damac - DFMWhat a performance by Damac, slow and steady wins the game!! it was a silent kill!! i missed this trade today. All the indicators pointing upwards and show signs to go more up i shall wait to see it closes above the cloud on daily chart and thn look for a buy with big volume. Excellent stock pick for today but misses the opportunity.Those who traded this were really smart or the big boys.
Hit Like & Follow
Union Properties - DfmFinally today it gave a nice and decisive breakout on daily chart with a good volume. It broke the resistance of 0.250 in the last trading hour. It have successfully tested 50,75,100 ema and how it faces a real challenge of passing 200 ema to have a confirmed near mid term uptrend. I am in the trade at 0.249 and holding it till my next target 0.275 as a intraday trader i might close to position before the target it reached cuz of uncertainty in the markets. Happy Trading!!
Hit Like, Follow
Dubai Financial Market - INDEXThe index was powerful today with most of the stocks in green, it gave a nice and deceive breakout candle i see a small resistance at 1994 area. This is a important high as of today as this is the first high after hitting to the lowest point this month. Hopefully we see more positivity and the index pushes higher. Index is about the test 50 ema soon also RSI is just about to touch 50 which is important level to cross for short term up trend. Happy Trading
Union Proerties - DFMUPP is on a short term uptrend though still below 200 ema, its making higher highs trying to break the 0.250 which is a strong resistance as of now. The price can retrace a bit and break the 0.250 resistance to go higher a good and positive news can help achieve the target. My view on short term basis is bullish. Happy trading!
If you like the analysis like it follow it share it :)
Emaar - DFMEmaar is in a short term rally making higher lows but we need to see higher highs to confirm the trend. Also its in a serious down trend as its below all the EMAs. My suggestion would be to take small position and to close it with small targets till a proper and mid term trend is established. On the fundamental side a good news on oil deal will push the prices breaking the near resistance. Happy Trading
Like it Follow It Share it
Dubai Financial Market - DFMThis stock is also on short term up trend as you can see the price is above the lip jaw and teeth of the alligator, Intraday trading opportunity if the market opens positive i will look to buy immediately as its crossed the fractal level and target to last gap to fill.
Like Follow Share
Dubai financial Market Index - dfmgiWe can say a short term up trend have started, small steps at a time. Lets set small targets and see how the market reacts. We wait for the Opec oil deal hopefully should be positive which will further boost the stock market and push it to higher levels. In my opinion prices of most the stocks are attractive and good for long term investments. Happy trading!
If you like my analysis follow, share and give a thumbs up!!
Dubai Investments Co - DFMI see a good opportunity in DIC intraday trade, i intend to buy at 1.13 exactly and to be out 1.20 at the first resistance or as and when i see some green bars. Market is choppy these days cant see a good trend better to be in and out quickly. If you following my trades and like it hit the like button and follow me for more. HAPPY TRADING!