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Dubai

Nasty ClosingMarket was trading around 2155 in last 5 mins of the session it dropped 20 points nearly. It clearly indicates market is not confident and did not want to hold any positions till the election fever is over. Its better not to trade when there is big news coming up in the market which can effect it. Tomorrow election results will start coming out lets see how the market reacts to it. Market is in a serious downtrend the next support is 2135-20 level i hope the market takes a bounce from there. Looks very bearish!! Hit like & follow guys!!!
DFM:DFMGIShort
by stalkstock
Still StrugglingEmaar under pressure while aldar in abu dhabi is performing excellent. It made a breakout that was fake as it could not hold the gains and dropped back at the important support level of 2.60 if this level does not hold the next support is at 2.45 over all its looking very bearish. For it to become bullish it have to close and sustain above 2.70 no trades yes just stalking. Looks bearish for now at at a crucial support level. Hit like & follow guys to show your support;)
DFM:EMAARShort
by stalkstock
2
Good for buyThis is one of my favorite stock i have been stalking this one for quiet a time now. Right at the support we can see 2 bullish hammer candles. If over all market is positive i think this one is ready to fly. My trade plan to buy this - if it opens with a gap i will buy when it comes down, if it opens flat i will buy immediately, it it opens down i will not trade i will wait for the price action for a confirmation. Looks very bullish to me!! Hit like & follow guys ;)
DFM:UPPLong
by stalkstock
1
Do or DIeMarket is under pressure for weeks now clearly we can see its in a down trend. A good support level is around 2160 if this does not hold the next level is at 2135. Even with todays closing thought we can see a green candle its not not interesting as it got rejected at the immediate resistance that is around 2170. It will be very interesting to see how the market performs tomorrow as US election results will be announced in next 11 hours. I think with international markets in green and recovering from the recent losses it should follow the suit. Market will be very volatile if you are trading i recommend to trade with small quantities. Below 2200 it looks bearish to me. Hit like & follow guys for your support;)
DFM:DFMGIShort
by stalkstock