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Dubaistockmarket

Union Properties trying hard!! Bulls are showing some signs but not very strong, after showing good strength yesterday with a good green candle today it made a red candle with lower wicks indicating buyers are present in that area. Important support is at 0.270 area and immediate resistance is 0.295 if it has to turn bullish it has to cross 0.295 and thn close above 0.30 area to confirm that buyers are here to buy this stock. I will not buy this one til it cross 0.30 lets stalk this stock till thn. Hit like & follow to show your support.
DFM:UPP
by stalkstock
Failed to break outAs i mentioned in my last idea about salama that this is the third time it is trying to breakout and hopefully it will, it did give a breakout today but it failed and dropped down. Today market was down over all but salama maintained the gains till noon and later it gave away almost all the gains but closed in green with a big inverted hammer. Investors booked profits and immense selling pressure continued and it could not close above 0.520. Any how it have given a close above the neckline so there is a good chance for it to make a upward move tomorrow again. Bullish! Hit like & follow to show your support :)
DFM:SALAMALong
by stalkstock
When is the breakout ???Market is stuck in a descending triangle as marked in my chart. What is a descending triangle? it forms at the highs or lows of a trend. Notice that the market is not making lower lows its making only lower highs and its forming a triangle pattern. This pattern is forming after a uptrend and the triangle can break either of the sides in my opinion it has a good chance of breaking up side as usually it gives a breakout as per the previous trend. Once the triangle breaks out there is immense energy released and the move is bigger thn the usual moves in the market. Usually this pattern gives a breakout at the apex of the triangle lets see how the market performs tomorrow and if it finds support at 2050 level again. TIll the time market is above 2050 i am bullish. Hit like & follow to show your support.
DFM:DFMGILong
by stalkstock
2
SalamaNice closing today and at the resistance area exactly. Will it cross ? this is the third time its trying to cross the resistance last 2 were unsuccessful and it could not hold the breakout lets see if it can make it tomorrow and hold it. Also as we can see in the chart it have made double bottom pattern ( also W) and it have closed above the previous days close also the price is exactly below 200ema which is acting as dynamic resistance. If the price can close above 0.516 it will turn really bullish and can move further upside. I think this time it wil be successful in breaking the resistance. I am bullish! Hit like & follow to show your support :)
DFM:SALAMALong
by stalkstock
Dubai Financial Market - Weekend ReviewNot a very powerful week in terms on movement we only had 2 days of green candle and 3 days in red infact we closed in red too. Lets analyze, market took support at very important area of 2050 and bounced back and it made a high of 2100 it tried to break it but found resistance and it retraced back to 2072 and again it found support in this area which is marked in the chart and bounced from there made a closed at 2082 printing a hammer like doji candle indicating bull pressure and good support. Market is in side was as of now after breaking the upside trend line. The range as of now is 2050 to 2120 area. Market should resume its upside coming week crossing 2100 level soon. Lets wait and stalk how does the market perform this coming week sure many opportunities spotted last week and we will get more opportunities coming week too. I am bullish till its above 2050 levels. Happy weekend Hit like & follow if you like my analysis.
DFM:DFMGILong
by stalkstock
Union PropertiesWhat happen to you my favorite stock, i used to stalk you and you used to give me money lol. Now these days its under solid selling pressure. Today it made a low and a lower limit for the day! A good trader is the one who makes a plan and different scenarios in advance so that when the market performs as per the plan the trader makes money. I think it bounce tomorrow as i marked in the chart and go down further to test its lower levels. Plan number 2 is that it break the resistance and go higher. This stock was a good uptrend and now it have turned into bearish also point to be noted that it is just at the dynamic support of 200 ema lets see if it can hold and bounce. Bearish!! Hit like & follow for your support
DFM:UPPShort
by stalkstock
Salama weak weakerOMG what to say about this stock its testing my patience, i am still in this trade and in negative zone so far. It made a long big doji yesterday and today it opened with a gap down directly indicating weakness in this stock and no buyers. It is back at 0.50 level which is immediate support it has tested this support so many times now and its becoming weaker it can easily break this support to go more down which will take me out of the trade. Lets see how it performs tomorrow now i am bearish on this one as the support have become weaker and weaker. $$$ hit like & follow to show your support $$$
DFM:SALAMAShort
by stalkstock
DFM bulls are tiredTodays session was just red red all over, it found support ar 2050 level and it took off from here but in todays session it made a red candle closing below yesterdays close there was heaving selling pressure and profit booking on pervious gains it means investors are booking profit early and are not confident. Profit booking normal and such small corrections after big moves are normal but we didnt have a very big move yet. It closed just at the near support level as marked in the chart, 2080 is support area now. So what next? i think market should resume upwards tomorrow or stay in this zone for another day before making a move upside. We stick with our scenario that trend line is broken and now the market is in the range that can potential make a W pattern. Tomorrow is last trading day of the week and i can expect more selling pressure as investor would not like to keep their positions open. As long as market is above 2050 i am bullish. ---Hit like & follow to show your support----
DFM:DFMGILong
by stalkstock
Emaar go!Emaar have made a perfect setup that i like to trade, it breaks the resistance comes back to retest and bounce back upside. Let us not forget that emaar have made a lower high and a lower low too but it recovered and started to trade above the swing low. Today it retested the support line and closed above yesterdays close. We can make 2 scenarios here, first is either it touches trend line and trade low or it breaks the trend line becoming more powerful and be very very bullish. For intra day trading yes this can be a good stock for tomorrow as the trend line is still bit far and profits can be made. Hit like & follow
DFM:EMAARLong
by stalkstock