Its at a critical area its climbing up on good news of opening malls and other businesses but lets wait and see if it is rejecting the zone or breaking it out. If it gives a solid clear breakout surely it will retest this area before going more up and i shall enter long at that time. till that time lets wait and keep this on watchlist. Will stalk this stock, Happy...
Emaar is in a short term rally making higher lows but we need to see higher highs to confirm the trend. Also its in a serious down trend as its below all the EMAs. My suggestion would be to take small position and to close it with small targets till a proper and mid term trend is established. On the fundamental side a good news on oil deal will push the prices...
Good Day Traders For intraday trade i guess emaar malls is giving opportunity. I had taken this trade yesterday at 1.11 its closed at 1.13 i am targeting 1.19 atleast for a quick trade. Price trying to come out of the cloud in 30 mins i guess should be a easy trade. Happy trading
As a intraday trader i see a good opportunity to buy emaar shares, currently at 2.30 and is showing good price action on 1 hour time frame i will look for a good entry in 15 mins time frame and execute the trade with first target at 2.476. Stop loss at 2.237, good RR ratio to be in the trade. Lets see how the trade folds out. Watch out this space for more updates
critical area to look on emaar daily chart , break or bounce
following previous ideas on Emaar technically speaking Emaar is falling to 4 AED , which is lower prices then 2016 low 4.25 , the current price market has shown a form of rejection to close below 3.90 on daily TF , expecting an increase to 5 then next 7 , 9 , and looking to ultimately take a target of 12.