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!
Emaardubai
Powerful PerformaceEmaar properties showed good strength after releasing its financial results. Investors are happy with the quarterly results and we can see the smiles on the chart. Emaar is in a strong uptrend no doubt, it broke the resistance of 7.57 it has hit our targets and now its heading for 8.45
Real estate is booming in Dubai and Emaar is the biggest developer in the region. With new projects coming up and launches fundamentally its getting stronger and stronger. I think this time it i will cross 10.00 this stock is good for long term investment.
Hit like & follow guys ;)
LETS GO BABYEmaar Properties has released a positive news with the real estate booming in the UAE property prices are climbing up in other words fundamentally Emaar is getting strong day by day. We will surely see its reflection in the stock price too. With the last Green candle we are seeing buyers garbing this stocks I am expecting a continuation to the upside.
Watchout for a strong resistance around 7.45-7.50 zone. I think this stock will very soon be above 10dhs. For now its under due to geopolitical situation but over all this is a strong stock and highly recommended to be in portfolios.
Hit like & follow guys ;)
Correction PhaseAfter this massive selling pressure that we saw because of Geopolitical unrest in the middle east for now Emaar is trying to recover but this move cannot be trusted its just a short recovery. bears will attack anytime again so this can be a bull trap which we have to avoid although its very tempting to buy at current levels. I am waiting for a small correction and then pick up this stock. Over all markets are very sensitive for now any news can result in a crazy move.
Hit like & follow guys ;)
Strong Bulls Trending
No doubt that emaar properties is in a strong uptrend, people are just buying at what ever price they can. There was also a news that emaar will pay higher dividends.
Fundamentals
Real estate market is booking in Dubai and with prices going up companies revenue is also leaping many folds.
Retest
Those who have missed this beautiful rally to the upside now they are waiting for a correction including me to buy this stock. With the strong bulls around i think it can retest 38% FIB and resume its uptrend.
I think overall this stock will be very soon above 10.00 very good for long term holding too.
Hit like & follow guy ;)
Looks promisingEmaar should continue its upside momentum real estate sector is booming which pushing revenues higher and brining in more money for the companies. Any dip for now should be considered as buying opportunity till the time we dont see a breakdown of the trendline.
Hit like & follow guys ;)
Make or BreakThere 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 ;)
Continuation of fallIts 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 ;)
Will it make a new highWe can see a triple bottom chart pattern here. Good news is that this particular level is holding and buyers are stepping in to hold this level. Volume is above average, it looks good for coming week. Emaar is good for a long term investment with strong fundamentals.
Hit like & follow guys ;)
Selling PressureIts going through selling pressure, real estate is not performing well in the stock market for now. This level is tested 3 times already and now its getting weaker bulls have to soon jump in to protect this level and bounce up else more downside is expected. As of now its in a no trading zone, dont try to catch a falling knife plenty of people have gone bankrupt trying to catch the bottom!
Hit like & follow guys ;)
Good PerformanceIt made a good run to the upside very bullish and after the breakout of bullish pattern it made a new high. We can see a bearish candle in last trading session it can come down for a retest. However if it wants to go more high we should see a bullish candle tomorrow as a confirmation. Over all in a uptrend.
Hit like & follow guys ;)