It was going so strong, but last week due to the IPO that was announced (ADNOC L& S ) people started to liquidate their positions to grab this IPO most of the positive stocks also suffered along with it. Anyhow its still looking positive to me it will rebound at support zones. Hit like & follow guys ;)
The public offering of Dubai's Salik, which raised 3.735 billion UAE dirhams ($1.017 billion), started today at 2.40 UAE dirhams ($0.65) per share. It is up 20% from its IPO price. The company's IPO was over-subscribed by 49 times. It also announced that it would allocate a minimum of 1,000 shares to its subscribers in the first and second batches. In the first...
Technical Analysis Chart Update AUD / USD ( Australian Dollar / U.S Dollar ) Time Frame - M30 We have BULLISH CHANNEL Pattern in Both Short Time Frame #STF and Long Time Frame #LTF as well It has Breakout the Lower Trend Line #LTL and completed its Retest We Need Strong Bearish Price Action for Sell
Its now approaching a strong resistance level that is 2.40 - 2.42 level. This can be a bull trap too so lets wait for it to cross the resistance with a proper candle close. Still the price is below 20 day moving average which is acting as resistance zone. Most of the stocks are now recovering from last 3 to 4 weeks selling pressure just a small bounce should not...
After a nice bull run market is been retracing for more than a month now, interestingly 2740 level is so far holding as support. We can see a bullish divergence and marking in a range for the last 1 week. Market is consolidating in the BOX if the break is to the upside which i am expecting then we can see it touch the swing high again but if it breaks downside...
Dubai has established itself as a major financial hub and even though its tourism and aviation industry has slowed down right now, it is a great place to live in and I think there is tons of potential for it to grow on financial services or technology over the next 10 years. The coronavirus crisis has been managed effectively by the UAE government, much better...
Hey traders, here is the analysis for gold NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
*****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...
Todays 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...
It was a very good trade to take in thursdays session as it was a very good setup its one of my favorite setup, stock in a uptrend thn retraces down to support and makes doji and thn makes green candle. If you have taken this trade the next target is 3.05 that will be a strong resistance level. Bullish on this one!! Hit like and follow guys!
It got heavily rejected at 0.570 for the second time. It have also made a bearish candle - inverted hammer looks like straight to down side that is at 0.5 level very soon. Not in the trade i have already exit with profit. Want to renter and stalking it for now to buy this one overall its in a up trend and looks bullish. Hit like & follow guys ;)
EURJPY-H4 Waiting for the break of the trendline (resistance) to take a buy position (most likely given the underlying trend as well as the MM at 50 which is below the market). On the other hand, a bearish trend if the trendline (support) is broken.
Probable bearish trend. Let's wait for
GFH is holding at the support level if you are following me on insta i had mentioned about this and i have entered the trade at 0.570 as when you scale down to 15 mins chart i could see that 0.569 was clearly holding and buyers were accumulating in that area. I am in this trade and my first target is 0.587 i think market will push more up and will manage my trade...
I had posted this trading plan few days ago and its playing out perfectly. Emaar is in a down trend now and it could not break the resistance today and got rejected. Next level is 2.60 and thn further down as marked in the chart. Plan the trade and trade the plan!! Hit like & follow
CADJPY is now at its strong resistance zone and according to the fundamentals CAD is expected to be strong and breach the resistance level at point 79.65. on other hand JPY is bearish as well. This analysis is fully based on behalf on Technicals. Take the entries from this analysis only if all the rules of entry are fulfilled. Do comment below if you need any help
A small education video on trend analysis on Dubai Financial Market.
Aman gave a nice breakout yesterday but it could not hold the gains and witnessed tremendous sells pressure. I wanted to enter at the neck line today i was waiting for it to come and retest and it did i was in the trade but it could not go higher and closed with at limit down of 5% today. My stop loss was hit and i am out of the trade it looks still bullish to me...