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Dubaistockmarket

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. Hit like & follow guys ;)
DFM:UPPLong
by stalkstock
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.
DFM:DFMGILong
by stalkstock
Analysis on UNION PROPERTIES Dear Emarati traders, I saw some people on a group welling to buy the UNION PROPERTIES Index for long term investment and I said why not to make an analysis on it to share it with you, I figured out that it’s not the right moment to buy it. As you can see on the chart, the price is consolidating in a channel for 3 years now and still haven’t break through it. What you’ll be waiting for is the price to break the resistance with a high volume so you make sure that it’s not a fake breakout. Please let me know in the comment section what markets you want me to analyze for you.
DFM:UPPLong
by YassineAnalysis