Get started

DFM

Higher HighClearly we can see its making higher highs and its in a uptrend!! Its at a solid resistance of 3.05 with todays toji candle right at the resistance level i think its due for a correction which will be healthy. A small retrancement to 2.95 to 3.00 will be good and a buying opportunity for those who have missed the trade. Emaar can also be of very good investment for long term say around till next year exhibition 2020. Its prices will keep going up as we near the exhibition. Bullish & buy the dips Hit like & follow ;)
DFM:EMAARLong
by stalkstock
EMAAR - Dubai Financial Market *****Please follow, like, and support this idea, if it helped you in anyway***** ***This is not a financial advise*** Emaar is on its way to fly high - and not thinking of looking back, It has broken the channel two time and got the rejection. On the third time with the double bottom, it might break all the resistance coming on its way. Additionally, it has also started trading as derivatives on the DFM, so buy and sell game will start Stocks holder - keep an eye for long term and the target of AED 8 is easy to attain with in 5 years of time, short term, please stay away as it will jump and retrace quickly due to derivatives pressure initially Overall, This is the heavy weight share on DFM, Chart was prepared on request from Mr. Omar
DFM:EMAARLong
by FOLLOW_PIPS
6
Strong Support HoldsEmaar was at a very important and crucial support level which i mentioned in my previous analysis - 2.55 level. We can see some price action right at the support level. For the last 2 days its making nice big green candles infact today it opened with a gap up and came down for a small profit booking too but buyers again jumped in and pushed the price to the upside. Emaar has power to move the whole market it is big stock and it has got heavy weightage on market index. I will wait for a correction and then enter the trade. Looks very bullish for now this can be a begining of a new uptrend!! Hit like & follow guys ;)
DFM:EMAARLong
by stalkstock
BullishIt have tested the same level 0.264 four times now. We are seeing a bullish candlesticks right at the support level. If you have entered the trade first target is 0.280 for now. Still the trend is to the downside. In order to start a uptrend it have to cross 0.280 with a solid green candle in this case we will see a new high and it will cross the previous swing high. A small retracement again which should be a higher low and contiune to the upside this will be a proper bullish price action. For now its good for intraday trading!! Hit like & follow guys !!
DFM:UPPLong
by stalkstock