GO Salik !Resistance of 2.26 was broken earlier this was a early sign that bulls are coming. Todays closing is very positive and more upside is coming. Bullish!!
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Dubaistockmarket
Salik Ready to GO?Its at a very good support area, infact its been holding the zone for so many days. Todays closing is positive if it opens flat or with small gap up this can go higher. Early bird entry should be planned once it crosses 2.8 to catch the trend.
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Make or BreakMarket is at a very crucial stage, Fridays closing of dfmgi was very positive and I expect it to go higher from here. From here there is very good chance for the market to cross 3400 resistance areas, but incase if market does not then it can again come down to the marked support level.
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ARAMCO IN 15 MIN dear traders and investors aramco was down trend last week i expect aramco will be up and you should buy it and take your profit at 35.30 best of luck
trade safe
Go Salik !!If we compare the last 3 IPOs that is Dewa, Tecom, Union Coop. Salik is performing very well infact it started to recover in just 3 days after the listing. Its at a support level now and if tomorrow market is positive and if it opens flat or with a small gap up I think we will see buying momentum but incase if it opens with a gap down stay out of it till we see another buying signal.
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Dubai's Salik begins debut trading on DFM at $0.65 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 five minutes of trading, Salik's volumes exceeded 85 million shares. This was due to the heavy buying by retail investors, who were able to surpass their subscriptions. After five minutes, the stock was trading at around 2.27, up 13 percent. On the other hand, the other DFM counters, such as DEWA, were almost flat.
Salik volumes easily crossed 100 million by 10:10AM Dubai time, it's believed that it could easily reach 200 million shares.
Now, the total traded value of Salik's shares is around Dh414 million. Based on the current volume, it is believed that the company is poised to become the biggest traded IPO of the year on a listing day.
If the market's expectations are met, it will be a remarkable achievement for the Dubai government, which has been aggressively pursuing its efforts to monetise its assets. The strong debut of Salik shows that the country's financial assets are still regarded as top-notch.
Stuck in a RangeA uptrending stock is stuck within a range I am waiting for a breakout to buy. Lets be patient being in cash is also a position.
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AUD / USD Next Move 30- AugustTechnical 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
Watch out for a drop!!After the news Emaar have jumped but its not able to sustain the gains, it can make a violent move to the downside with a gap down expected tomorrow. If you have entered at lower levels its good time to book profit. Else wait for a bullish price action at support level. Over all trend is still intact to the upside.
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EMAAR long setup After 5 years of lacklustre performance, EMAAR is finally rising from the ashes.
Volume high
Above 200 EMA
TP 1 = 6.49
TP 2 = 7.77
TP 3 = 8.98
Dubai Stock Market IndexDubai Financial Market is still bullish and more upside is expected after a small correction. Any dip from now is a buying opportunity(shares) at the same time keep a close watch on FED's statement about its monetary policy which will effect financial markets over the globe.
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Bulls are still active!!Watch out the video if it is helpful hit like and follow for more updates :)
Bulls are hereDubai stock exchange is clearly on a bull run its very good time to invest yes its bit slow for now but i am sure it will soon out perform adx. For now it have taken a bounce from the support zone and ready to fly here. Catch this one!!
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Dubai Financial Market Index In Depth Analysis Overall market is bullish and more upside is expected. Watch out the video !!
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Finally Bulls are here ;)Its been trying very hard to sustain about the IPO price and todays closing is bullish, more upside momentum is expected. I think slowly and steadily market will touch 2.75 zone. But due to the global scenarios I am always recommending to everyone to book your profits early and take your money home as markets are very volatile.
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Market At Crucial LevelOver all market is bearish for now and its at a critical zone, there are 2 scenarios from here.
1) Market breaks the resistance levels of 3236.45,3282.50 & the major resistance of 3360. Market will struggle to break the resistances and come into BULL territory below 3360 market will be considered in Bear zone.
2) Market will go further down to retest 3120 which is a strong support area it can also go further down from here!!
Tomorrow I am expecting it to be a Big green day hopefully but nothing bullish about it. Quick entry & exits are recommended, take your profits home!!
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Bullish ReversalFinally after a long time we are seeing some bullishness in DEWA!!! but due to global scenarios i think it will open with a gap down and later during the session it mite recover and close positive. I think any dip from here is buying opportunity. Lets catch this train!
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BullishIt have visiting the support area for the first time and we are seeing buying momentum. I think slowly it will move up and push the market index along with it.
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Climbing UPIt have started a bullish momentum and hopefully this should continue till it retests the swing high again. After bearish inside candle with todays closing scenario have changed and its bullish!!
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Down Trend Still IntactIt could not pick up from the time of its listing. Its in a prominent down trend, today it tried to cross the resistance bot got rejected badly. For now stay away from this stock till a up trend is stablished.
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Gearing UpIts been under pressure since the time of the listing on DFM. For now we can see its trying again to go up we are seeing a double bottom chart pattern that is bullish. If we can get a entry somewhere near the neckline it will be very good else it can directly go up from last closing too.
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More HigherWith interest rates going higher banking sector will benefit a lot which will bring in more revenues. Invest in banking sector now for long term gains. Over all very bullish!!
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