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!!
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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!
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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
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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.
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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!
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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!
Dubai Financial Market Index - DFMI guess market is waiting for some news infact some positive news to move forward as choppy trading days as boring and not taking any new positions so far, i am still holding my positions hopefully should be able to close with profits before the week ends.
My watch list
GFH
DFM
UPP
Lets see how the week goes. Happy Trading
Emaar Malls - DFMGood Day Traders
For intraday trade i guess emaar malls is giving opportunity. I had taken this trade yesterday at 1.11 its closed at 1.13 i am targeting 1.19 atleast for a quick trade. Price trying to come out of the cloud in 30 mins i guess should be a easy trade. Happy trading
Intra day opportunity for DXBEGood opportunity for intra day traders,DXBE is attracting strong buyers pushing the stock upwards. Buying area between 1.20 to 1.25 and immediate target is 1.40
Emaar Properties - Intra Day As a intraday trader i see a good opportunity to buy emaar shares, currently at 2.30 and is showing good price action on 1 hour time frame i will look for a good entry in 15 mins time frame and execute the trade with first target at 2.476. Stop loss at 2.237, good RR ratio to be in the trade. Lets see how the trade folds out. Watch out this space for more updates
Salam bank Bahrain - Dfm Salam bank Bahrain which is dualy listed in Dfm and Bahrain market is continuasly buying back its own shares daily approximately 400k/day. We can also see the price in both the markets increasing every week. This proves my point that I've been saying the share is very undervalued and it can run for more 50 percent upwards. It's a clear buy.
ARTC daily structure for short expecting market to go break previous top , then will fall from that price 2.41 to come and break the low