Get started

Dubai

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
DFM:UPP
by stalkstock
2
Dubai Financial Market - IndexI see index is under pressure it could not resume its rally due to the macro factors one of which is pressured oil prices and second is due to the virus situation. It has to show some strength tomorrow to resume its really. Near term support level is at 1835-1840 zone. To confirm this rally we need a solid close above the recent high of 1942.95 or i can see market side ways till a major news comes out. Lets wait till tomorrow to know the direction.Happy trading! HIt like & Follow
DFM:DFMGI
by stalkstock
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
DFM:UPPLong
by stalkstock
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
DFM:DFMGILong
by stalkstock
4
Deyaar - DfmBought Deyaar at 0.235 the reason for buy was the price was making higher highs and in short term up trend. On ichimoku indicator all the lines were on my side and trade was looking positive. The price have retraced and closed at 0.233 target is the recent highs 0.242 to make profits. I see a green bar on 1 hour chart hopefully the price we go up from here as the retracement is done as its bouncing of at tenkan sen, We see price action tomorrow to book the profit or cut the losses. Happy trading Like Share Follow
DFM:DEYAARLong
by stalkstock
5
Dubai Financial Market IndexThe index is heavly over sold and in a serious down trend since beginning of Jan 2020 almost 41% down from the Jan peak! i see a pin bar on a weekly chart. Have we reached bottom? may be we can see a solid green candle to say that short term uptrend or a retracement is in progress....i wish to see the index to resume uptrend very soon ...very soon above 200 ema. Lets keep a watch, i you have any ideas on this please do share with me. Happy trading !
DFM:DFMGI
by stalkstock