Emaar Still Under PressureWe want to see bullish momentum, to confirm the trend for now its still tricky.
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DFM
Good Chance for EmiratesNBDLets see today if it can break the resistance. Watch out the video for more details ;)
Under PressureFor now its not looking very good as there are chances it can go further down. For now at a support level but it can hit the resistance as a bounce. Should be considered bullish ONLY when it closes above 6.00
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SHUAA Capital is showing bullish price actionDFM:SHUAA is set to target 0.739 - 0.75 AED and then 0.8 - 0.82 AED once it breaks out above 0.66 AED. Stop level daily close below 0.57 AED.
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This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
where will be the breakoutYes over all its very positive but now going side ways even i am holding this trade for about 4 days now. They will soon announce financial results and hopefully it will be positive. I am waiting for my target!!
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Market At Crucial LevelOver all market is bearish for now and its at a critical zone, there are 2 scenarios from here.
1) Market breaks the resistance levels of 3236.45,3282.50 & the major resistance of 3360. Market will struggle to break the resistances and come into BULL territory below 3360 market will be considered in Bear zone.
2) Market will go further down to retest 3120 which is a strong support area it can also go further down from here!!
Tomorrow I am expecting it to be a Big green day hopefully but nothing bullish about it. Quick entry & exits are recommended, take your profits home!!
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Down Trend Still IntactIt could not pick up from the time of its listing. Its in a prominent down trend, today it tried to cross the resistance bot got rejected badly. For now stay away from this stock till a up trend is stablished.
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Did GFH Breakout TodayIts been in a range for ages now, yes its a breakout but for now its not interesting as its a range based breakout. We want to see a close above 1.24 to consider it bullish!! for now its in a no trading zone with plenty of supply. There is a news it will be getting listed in ADX soon so watch out guys.
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DFM Long. ThoughtsDFM seems to be developing a cup and handle, more visible in higher time frame., or what.
Hope this bounces upward. hope that the war/Covid/int rates won't let the bears win.
At crucial support levelits been under pressure for the last 4 days after making a big move to the upside. Its now at a important support level we want to see buying pressure to confirm the support level with good volumes. If this happens and we see a candle close above 2.75 W pattern will be activated and most likely this time it will cross 3. For now its in a no trading zone lets wait for a proper setup!!
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More is coming HoldonDFM have shown us solid buying pressure right near the support zone, this is what we have been waiting for since the correction started. Todays gap up was first indication that it can fly although i was not expecting this big move but yes i was expecting some positive reaction into the support zone. More IPOs are coming up DFM will benefit the most so its a very good stock to keep it in our portfolios for long term investment. Recommended!!
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Good To Fly AgainMost likely we can see another rally to the upside its at a good support level a good buying pressure will add another confirmation to our trade idea. For now 20 day moving average is acting as support also golden ration of FIb level is giving us a go ahead. Time to STALK this STOCK very closely.
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Dubai Islamic Band #DIB UAE StockDear Follower
This Share is in good area And We Hope today is Start for Jump to 1st & 2nd Target as Depicted .
Break or Fail?Will it break the resistance this time? its been in a range for more than 2 months now!!! as per my analysis i think its high time and it will break the resistance this time. Next target before dividend is 1.35. Looks bullish!!
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Bullish MomentumGood price action is seen, weekly closing is bullish but a strong resistance is at 2.40 previously it attempted to cross at least 3 times but was not successful. With positive market sentiments in the market I think there are good chances of it crossing and retesting the upper resistance of 2.70
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Again In a Boring RangeWhen a bullish stocks gets stuck in a range its get so boring. For now its in a no trading zone 100 day ema is holding but with thin volumes. We will see some good momentum once the range is broken to the upside that is 2.40 till then just keep it in your STALKING LIST.
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I Hope NOTIts been on a bullish runs for months now and the resistance is at 2.40 it have tried 2 times already and got reject if it tries quickly again for the third time there are good chances that it will break the resistance as its continuesly trying for a breakout and sellers are getting weaker now in the zone. As long as its respecting the trend line and also the 20 day EMA its safe. Over all bullish!!
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Still PositiveTodays red candle is not a worry, after every big move either to the down side or upside, market need to digest the "move" the most important level to watch out here is 0.465 market should not close below it. We need a close above 0.480 to enter bulls territory. For now again in a no trading zone. But lets stalk this stock very closely and plan our trades as market might not give chance to enter at good price.
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Pattern Failure!! I was very positive on DIC to breakout the pattern on the higher side but after the news about Russia & Ukraine broke out its getting weaker. It could not climb up to the resistance level and close. For now we are seeing it got rejected twice in a row. 2 scenarios from here, first it may take hold and start climbing from here to break the resistance and go higher, second it may come down to retest 1.20 zone and try again to breakout. Overall its still in a uptrend.
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Going to ADX / TadawulIf in general assembly its approved, GFH will be listed in both the stock markets. The meeting is supposed to take place on 27th March many agendas are to be discussed its a very big meeting for GFH this stock is good for long term. Also in a bullish chart pattern i am expecting upside move. Although for now its been in a range for more than 2 months. Good potential!!
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Its at a important support levelIts been very slow and not performing lately, for now its at a crucial support zone of bulls want to protect this level we want to see good buying pressure. Solid resistance at 1.25 zone its been trying hard to cross it but not able to close above it. For now its in a no trading zone.
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Fill The Gap?Last closing is good and at least its holding up, the gap that it created now will potentially act as resistance. Emaar is still bullish we can see 20 and 50 day moving averages are holding it. Over all emaar is bullish but major resistance at 5.10 level. Wait for market reaction tomorrow and then go for it.
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