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Dubaistocks

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. Follow for more!
DFM:EMAARShort
by YassineAnalysis
2
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.
DFM:SALIK
by bbitar
Is It Chart Damage?Market index is being in this pattern for a while, the pattern is bullish its called ascending triangle pattern which occurs after a defined uptrend. With todays closing we can see first candle - doji of of this chart pattern so is this a manipulation? of the pattern is invalid now? Well in my opinion nothing is perfect in this world and I think market is still bullish todays Doji candle is not very significant. We need more clarity on this may be a weekly closing will help us to decide. One thing is for sure that the breakout of this chart pattern will be very big. I am bullish bias so i am expecting a big breakout to the upper side of this triangle pattern. A solid green candle above 3300 level will confirm a breakout to the upside and we can expect market to cross 2500 soon. Hit like & follow guys ;)
DFM:DFMGIEducation
by stalkstock