Dear 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...
The price will fluctuate between the two price areas of 7.60 to 5.40. But due to increasing pressure from sellers, we expect the price to continue to fall, however, we can create a sell deal with a target of 5.80 and a loss limit of 7.70.
Emaar From Covid Low of mar 2020, it returned 4x in 3.5 years, more than the best real estate deal one could get. And was liquid all the way.....okay liquid 5 days a week !! At AED 6.3, its available due to the war like situation in Gaza. Load up at the current levels , the best high beta and liquid way to get exposure to Dubai Real Estate.
Till the time Emaar is above the support its in a safe zone, we saw some selling pressure today but however it have managed to close above the support which is a good sign that bulls are still around the support. I am bullish on Emaar Properties I think very soon it will fly higher. Hit like & follow guys ;)
Over all Emaar after distributing dividends is still looking positive, i see this stock is very good for long term holding. Hit like & follow guys ;)
Lovely bullish trend but for now its about to hit the resistance so watch out and book some profits.
There are good chances of reversal from this level, Emaar is been on a down trend for a while and tomorrow we can expect to see some bull power to reverse this trend. But again Friday is usually slow as its weekend so be careful only buy in small quantities so you can keep the position open over the weekend. Hit like & follow guys ;)
Its been under pressure since it hit the peak of 6.00 and since then its been falling down. There is a hope of bottom formation at current levels but for now i think it will go down further to retest the support level and make a reversal from there. Till the time its below the downward trendline there is no hope of it turning into bullish!! Hit like & follow guys ;)
We want to see bullish momentum, to confirm the trend for now its still tricky. Hit like & follow for regular updates ;)
Emaar has been opening with small gap downs but its still surviving and closing positive. Its right at strong support and ready ready to fly higher from here. Catch this train! Hit like & follow guys ;)
Emaar is now in bullish mode, buyer are active. 6.00 is strong support area for now. We can expected it to touch 6.50 slowly and steadily. Hit like & follow guys ;)
For now its not looking very good as there are chances it can go further down. For now at a support level but it can hit the resistance as a bounce. Should be considered bullish ONLY when it closes above 6.00 Hit like & follow ;)
The Fundamentals are easy stocks are going down on nervousness related interest rate movements. The Technicals suggest a bearish divergence in formation that would yield a movement downward. So confluence can take EMAAR til 4.98 or 4.1
It had a nice bull run bot for now this trend is over, i think its time for a correction. Hit like & follow guys ;)
Emaar Just zoomed today in early session but could not sustain the gains and closed red. Strong resistance at 6.40 for now. I think it would be better if it spends some time near the resistance and gather a new momentum for a breakout that should sustain. Overall still bullish!! Hit like & follow guys ;)
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
Performing very well and as per the trade plan. Hit like & follow guys ;)
Its been under pressure even after positive financial results, I think it will come down to retest the support level again. Do not rush to buy this one and get trapped. Wait for a confirmation of bullish price action. For now its in a NO trading zone. Hit like & follow guys ;)