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Dubaifinancialmarket

Get Ready For The RideAfter a massive run Dubai Stock Market Index is not taking some rest, so can we expect a bull run again? yes most likely we will see 3200 very soon as thats the next resistance area. Immediate support is at 3125 and 3100 respectively. Since the market is moving backed by fundamentals i am expecting more news coming out slowly which will push the market volumes and index as well...Market is surely bullish any dip is a buying opportunity. Hit like & follow guys ;)
DFM:DFMGILong
by stalkstock
Bulls Are Back?What a performance in wednesdays sessions by Dubai Stock Market with good volumes. Market is surely climbing up but at the same time there are chances of a bearish chart pattern that is head & shoulder. If market does not cross the immediate resistance around 2870 zone then we can see a right shoulder forming and once it break the neckline we can see bloodbath in the market. Another scenario is market may zoom past the resistance and cross the recent swing high that was around 2920 and make a new high targeting 3000 levels. For now market is back in action and stocks are looking good. Hit like & follow guys to support ;)
DFM:DFMGILong
by stalkstock
No Sign Of ReliefMarket is going down day by day and no sign of relief at support levels. Its approaching a important support zone that is around 2800 level lets see if it bounce and move up else will go down around 2740 level if this is broken market will change it direction to a down trend which i hope doesnt happen. For now market is under pressure and needs a positive catalyst to move up. One of the reason why market is under pressure is because of the Adnoc IPO. Lets see next week Adnoc will be open for the trading also Dubai Expo 2020 will start with a bang!!! Hit like & follow to show your support ;)
DFM:DFMGI
by stalkstock
Emaar Looking Weak!!Last week was not very good for Emaar Properties, selling pressure was seen almost through out the week. With important support level broken its looking weaker. Immediate support is at 4.05 and resistance is now at 4.15 we can see 2 possible scenarios from here, First it may come down to retest a strong support at 4.00 or it moves updates from the last closing. Its in a no trading zone as of now, Not Recommended!!! Lets wait for a proper breakout. Hit like & follow guys ;)
DFM:EMAAR
by stalkstock
Panic In The MarketA very high weighted stock like Emaar is under pressure and is pushing down the whole real estate sector. International markets are surely getting the negative effect from the Chinese real estate company that is almost about to collapse. With some recovery seen in the international markets today lets hope to see some stability in Dubai Stock Market as well. Emaar is over all bullish but as of now under pressure. First support at 4.00 next at 3.95 now resistance is at 4.15 lets see if it can break tomorrow or it comes down further for a retest. Hit like & follow to support this channel :)
DFM:EMAARLong
by stalkstock
Dubai Expo 2020 Effect With Dubai Expo around the corner I think market will rebound very quickly after the panic selling seen for the last 2 days due to real estate company in China on the brink to collapse, its effect is seen all over the markets. Dubai Stock Market is still over all bullish and will react positive if world markets hold and recover. Support 1, 2 & 3 are broken already but I am very positive 2800 zone will help and hold the market. Hit like & follow to support this channel :)
DFM:DFMGILong
by stalkstock
Which Way?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 more panic sell will trigger in the market. Over all market is very think and in a range I expect a big move very soon. Hit like & follow guys ;)
DFM:DFMGILong
by stalkstock