CLOSE YOUR POSITIONS ON EMAARDear Emirati Traders,
I'm sharing with you some of the stocks you can't buy for now since there are no clear entries and it will only come you with losses.
As you can notice on the chart, the market has reached the Rejection Block we have at 9.12 and now it's heading towards the LQ Pool we have at 5.8-5.56 to fill up the Liquidity.
For now You close on EMAAR and wait for it to reach the LQ Pool.
Don't hesitate to ask about the stocks you're holding in the comment section.
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Dubaifinancialmarket
YOU CAN BUY ALPHADHABIDear Emirati Traders,
If you're a Swing trader and you're looking for a trade to ride for the next month period, I got you one to take safely.
As you can see on the chart, we took the trade based on the EQ of the last Bearish Move as a target since the market must fill that whole area before continuing to move Bearish.
You can buy it and take the LQ Pool in consideration as a revarsal point.
The comment section is all yours for further info!
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WAIT BEFORE YOU BUY IHCDear Emirati Traders,
I'm sharing with you some of the stocks you can't buy for now since there are no clear entries and it will only come you with losses.
As you can see here on the chart, the market has came to a level where it's creating us a false flag which might come to us with a reversal. The wise move to come with is to wait for the stock to tell us what to do.
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DFMREI // DUBAI House Price IndexDFMREI Analysis: Potential Movements and Key Dates
The chart highlights a potential range of price movements for DFMREI, with significant levels indicated by the blue boxes. The projection suggests two possible scenarios:
Upside Potential:
The price could rise by approximately 9.2%, reaching around 13,887. This scenario aligns with the green vertical line dated August 23, 2024, which could mark a potential reversal or strong bullish momentum.
Downside Risk:
Conversely, there is a risk of a significant drop by about 17.57%, taking the price down to around 5,995. This aligns with the red vertical line dated December 13, 2024, indicating a possible period of bearish pressure.
Indicators:
The yellow and red lines at the bottom represent momentum indicators, which appear to suggest a weakening trend, potentially forecasting further downside before any significant recovery.
Strategic Considerations:
The green vertical line on August 23, 2024, could be a critical time for considering long positions if the market shows signs of support and reversal.
The red line on December 13, 2024, might indicate a time to be cautious, as the market could face further selling pressure.
These time frames are crucial for making informed decisions about potential entries and exits based on market sentiment and price action.
BTCUSDT TRADE I'm very bullish on BTC , as we see we are on an uptrend , so we are looking to buy BTC , i'm waiting to take a buy position when the trendline is broken and I'm gonna aim for the 73998.06 and stoploss is gonna be in the 67902.47 . i'm not sure about the Stoploss area because i haven't seen the price breaks the trendline yet.
Powerful PerformaceEmaar properties showed good strength after releasing its financial results. Investors are happy with the quarterly results and we can see the smiles on the chart. Emaar is in a strong uptrend no doubt, it broke the resistance of 7.57 it has hit our targets and now its heading for 8.45
Real estate is booming in Dubai and Emaar is the biggest developer in the region. With new projects coming up and launches fundamentally its getting stronger and stronger. I think this time it i will cross 10.00 this stock is good for long term investment.
Hit like & follow guys ;)
Go Deyaar GOIts getting stronger fundamentally with Dubai real estate market booming its developers time to make money and Deyaar is playing out very well they have recently launched a project that was sold out and soon deliveries for other projects will start. With todays candle close and volumes i think it will continue its upside momentum. Buts lets not forget Dubai Taxi IPO it can effect the markets.
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No Bull PowerIt could not survive or recover completely although its financial results were very promising. Good chances it can come down to retest 1.33 zone and then may be we can see a bounce. Very small volumes for now it this stock. Need market maker who can provide liquidity for this particular stock.
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What can happen here?Where will this break? its been making very small moves, very small volumes, thin liquidity in this stock although the company is on a buy back program but still we are not seeing any significant moves in this stock.
For now its under going a chart pattern it can break on either sides, lets not rush and wait for the breakout to decide on the trend.
Hit like & follow guys ;)
Taqa Probability No.1 (Bullish View)ADX:TAQA
A clear impulse wave moving inside range as extended wave 3. Now wave 3 never be the shortest one in all three impulse wave ( Wave 1,3,5).
As I observed wave 3 is shortest in price range than wave 1 as I highlighted with grey price range to measure length of wave 1 with wave 3. So, the probabilities are that wave 5 would be shorter than wave 3. How much it should be shorter than wave 3 I highlighted it with red price range which is length of wave 3. Possible target is 7.57/- and then stock will reverse.
Good SetupThis stock is very stock fundamentally and now we are seeing good technicals on this chart. We are seeing good buying pressure at very important support and resistance zone. I think the rally will continue to the upside and it will hit the targets. This stock also give good dividends, good for long term holding.
Hit like & follow guys ;)
Potential is thereTrend
Fundamentally this stock is getting stronger and with new projects deyaar is gaining momentum. Unfortunately for now its under selling pressure but its at a very good support area. Immediate resistance for now stands at 0.695 and then 0.705 area.
Once the resistance zone is taken out with good volumes i think sellers will be weak and will not try to short this again as bulls will gain the control over the prices.
Hit like & follow guys ;)
Will it survive here?Trend
For now upp is still on a up trend but we are seeing its under selling pressure 12th July 2023. Support area is at 0.390 area and its been holding good so far. Its been retesting the same area again and again hopefully it will hold it and push the price up.
Negative Scenario
If the current level is not holding then most likely we will see it coming down till about 0.370 and then 0.350.
Need Bull Power
Bulls need to come out in open and flex their muscles to defend the current zone. I will only take it bullish once it breaks 0.410 till then its in a no trading zone for me.
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Trend is IntactOverall Trend
DFMGI is in a strong uptrend, as we see on the chart it have hit the resistance area of 4100 that is psychological and technical resistance. Its been going side ways for about 2 weeks not this is a good indication that bulls are still defending the support zone.
Breakout
Coming week which will be very crucial as more data will be coming out from CHINA, as well see all eyes are on Yuan & the giant real estate Evergrande that have filled bankruptcy in the USA. Traders & investors will be closely watchin g for signals to take positions respectively. If the data are positive, if there is any sign of relief i think market will break the resistance of 4100 points else it will break the support of 4040-4000 points.
Fundamentals
UAE's economy is very sound and progressing with strong real estate demand that is coming form India, Russia, Israel & UK also not to forget the booming tourism sector everything is aligned for flourishing economy and we are seeing its reflection in the market.
IPO
New Listings are expected later in this year, with the boom of IPO in the middle east people are still having more appetite for IPO's
RoadShow
Dubai Financial Market have recently done a roadshow and its attracting many eye balls. Fund managers are already having easy access to the market which is also another factor stock prices are pumping high.
Conclusion
I am very bullish on this market and i think very soon dfmgi will be around 4500 points.
Its comingWatch out for another big move in Deyaar very soon, i have been recommending this stock since so long, fundamentally Deyaar have improved a lot and it has also launched many projects. Surely its undervalued for now, I think prices will keep rising. Bullish stock !!
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Will it breakout Coming week?Ajmanbank is looking interesting and ready to explode coming week most likely. Fridays volume is very impressive and I think if bulls can open with a small gap up in Mondays session I think it will break out and will cross 2.50 very soon. Over all Ajmanbank is bullish.
Hit like & follow guys ;)