Morning Star Pattern??It still looks bullish as its above 200ema and have taken a small bounce. Can this be called a morning star pattern which is bullish!!
Yes!! if we see and positive opening tomorrow and a green closing we can call it a nice morning star pattern and we can take a swing position. Still Bullish!!
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DFM
Covid Covid CovidMarket is still in a uptrend but due to increasing cases of Covid and new restrictions traders are very sensitive and scared. Market is in a correction or a ranging mode as of now in between support and resistance this is NO trading zone for now. Lets wait for a breakout and enter the trade accordingly. With the positive news about citizenship to the expats and listing of public companies in the exchange market mite take it positively but the fear of corona is more!! I am still on bullish side.
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A Good RunDubai stock market is performing best in whole of GCC as of now. Surely in a bullish mode and as of now after breaking the resistance its holding it with todays doji candle market is bit indecisive but a small correction is healthy at the same time for the market. Over all in a uptrend!!
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Hold ItUpp after consolidating for so many days it finally made a breakout and its now in a retest mode and its holding around 0.298 to 0.30 levels which is support for now. Its still bullish and big move is expected to cross the near term resistance of 0.305 area. Keep a stop loss around 0.292 and target at 0.340 to complete the swing.
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Damac - Dubai Financial Properties - Stock - Crazy Bullish
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KEY NOTE - SPECULATIVE SETUP - not a financial advise - do your own analysis
Please use STOP LOSS and don’t risk more then 1% or maximum 2% of your total account
⏳ 1 weak - Chart analysis
THE PATTERN IS STILL IN PROCESS
Healthy Correction to buy to dips
Events taking place -
± 50SMA crossing the 200 sea suggest the bullish trend
±Created an another support zone between 1.10 to 1.20 can be a good buy area
± another good zone can be between .900
± Long term target can be set at 2.86 to 3.00
± for current month quick profit 1.50 to 1.55 can be achieved in the first few weak of jan it self
± Market will react and might retrace on each resistance zone
± HAPPY TRADING
Crossed the LineIt have crossed the line of resistance and next target is around 200day ema that is around 0.290 technically still its in a down trend but trying to make some prices action to show some bullishness. It have to cross and close above the 200day ema that is dynamic resistance as of now. A closing above 0,290 will be very bullish and more upside will be expected. Good for intraday trade!!
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Good for buyIt is a good stock and in a uptrend its good for a buy the reason is its right at the resistance level but at the same time its consolidating and spending time at the same levels it is not coming down it means buyers are holding it and want to push the prices to the upside. Wait for the break out level that is around 0.935 levels and enter the trade with confidence. very bullish!!
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At crucial support levelMarket is at a very crucial level as of now, 2490 is very important support level if this breaks we can see weakness in the market a further fall towards 2457 levels. With negative news about covid 19 market is very thin and trading with low volumes. Tomorrow is first trading day of the new year 2021 lets see how the market performs. Over all the market is in a uptrend and bullish I am expecting it will bounce from the support and start moving to the upside.
Hit like & follow guys to show your support ;)
Will it Break?It have tested 0.313 so many times its a resistance level. When a particular level is tested again and again it becomes weaker and it can break easily. This level is been tested so many times and i think this time it will break and go past 0.313 yes its bullish for now but at a support level it should hold and not close below it.
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Good for buyDont miss this one grab it!!
Its in a nice uptrend and after hitting the resistance it have retraced a bit and now ready to go high. First target is small but very easy for trade that is around 0.866 but i would recommend to hold this trade till 0.896 very bullish!!
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Bull RunMarket is in a bull trend in other words its in a storng uptrend. Next resistance level is around 2640 i think market will slowly move towards it. With positive news around covid 19 vaccine international markets are reacting positively and moving upwards. Dubai stock market is also moving up and more upside is expected.
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Good Price ActionIts been slow on this stock but recently it have made some nice moves to the upside and its bullish.Next target is good now the question is will it come back for a retest of keep moving north? i think it will come back for a rest and thn resume the uptrend. Over all bullish.
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Correction Time?Market is on a bull run but no market or stock can keep moving in one direction there is always a push phase and then a correction phase. So a correction is soon expected which will be healthy for the market. Immediate support levels are 2500 next is 2480 Resistance is at 2570 over all market is very bullish and this will be the chance to buy the dips.
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