Dubai
Still Looking GoodYesterday we saw a pattern that is piercing line candle its bullish today it opened with a gap up but could not take off at the same time it did not close below yesterday candles close. Still its making price action i have a feeling it will give a big move to the upside very soon. Just stalking this one as of now.
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DFM - Nice BounceTodays green candle confirms that 2240 is holding, at the same time now we have a new resistance that is around 2295. It is small resistance but at the same time its very important to cross it. Tomorrow is a weekend and many fund managers will adjust their portfolio so my trade plan will be exit before the end of the trading session. Yes we are still bullish!!
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UPP Bullish Divergence?I can see a bullish divergence and today it have made a bullish candle stick patter - piercing candle. Still i am not ready to enter as i think it can be very choppy. I am waiting for it to cross 0.310 that will be confirmation as it will take out the previous swing high and also start to make a higher high bullish patter. Till thn stalking ;)
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Damac PropertiesIts closed right at the resistance level as of now if it crosses surely it will make a very move but if it get rejected we can call it double tops and price can start retracing to the down side. Tomorrows closing is very important. Over all in a uptrend.
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Emaar DevelopmentsIt broke out of the bullish cup & handle pattern and made a nice high. Thursdays session it could not manage the highs and the candle that we can see is bearish that is inverted hammer type of candle indicating selling pressure. No the trend is not bearish only the candle as of now. I think if it wants to retrace it can come down to 2.35 level and take a bounce to the upside. Over all bullish
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Damac very good for long termIf damac can stay above the current levels that is 0.966 surely we will see it cross 1.0 and it can give a very big target. The next resistance level that we can see as of now is at 1.417 level i am stalking it very closely i surely want to buy this one. Very bullish
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ANN Good MomentumIts should some activity recently else this stock is almost dead hardly we see any volume on this one. Since it have broken the resistance and moving to upside next target is 0.190.
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DeyaarIt have almost broken the support and its heading south, if it does not hold at this level next support is at 0.285. Still its bullish in over all as of now not in momentum. Many traders are stuck with this one with large positions the moment it tries to come up sellers are attacking and bringing the prices to the downside.
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Aman Due for correctionInsurance sector is having a nice ride, they are really performing well and most of the stocks have made daily limit ups many times. Sure we have seen a push phase and now a correction phase is due. This correction phase will not be a downtrend it will be a short term and will continue its trend to the upside as more new buyers will enter the trade at the lower or support levels. Over all very bullish.
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DFM why so slow??The market is slow but at the same time its generating the energy for a big move that will come very soon. We are slowly moving to the upside with small candles. Near resistance is at 2288 and thn 2308 i am sure it will cross very soon. Over all we are in a bull trend and market is pushing to the upside.
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