lsearch for sales in usdcadIf the price closes with a candle below the white line, I will wait for the pullback to look for sales with the orange line as the objective.
Emiratesnbdstockprice
SELL ADAVIATIONDear Emirati Traders, it's been a while since I last posted about UAE Markets.
On ADAVIATION, you can see that the price is heading down after pullingback twice on the sell zone and went around the resistance level we have at 7.88 before taking his way down to the level 0.5 of the pitchfork, as you can see on the chart, today the stock closed below the 0.5 level, to sell you must wait for a confirmation to get a good selling position.
The comment section is all your for further questions!
BUY FADX15Dear Emirati traders and investors, it's been a while since I posted about UAE markets, now I'm sharing with you a trade I gave to my customers last week before the correction and now since I'm telling them to reinforce their position I said why not to share it to the public.
Set your SL and TP as it placed on the chart and follow for weekly analysis on all Middle Eastern local markets.
If you got any question the comment section is all yours.
Analysis on UNION PROPERTIES Dear Emarati traders, I saw some people on a group welling to buy the UNION PROPERTIES Index for long term investment and I said why not to make an analysis on it to share it with you, I figured out that it’s not the right moment to buy it.
As you can see on the chart, the price is consolidating in a channel for 3 years now and still haven’t break through it.
What you’ll be waiting for is the price to break the resistance with a high volume so you make sure that it’s not a fake breakout.
Please let me know in the comment section what markets you want me to analyze for you.
It will Hit AgainA very heavy weighted stock in Dubai Stock Market, after the dividends its very normal for the price to drop. But the most important thing after the drop is to sustain and bounce back again showing the strength in that company & stock. We are seeing similar kind of reaction from the market its trying to bounce back I think we should wait for a breakout of the sloping trend line and then trigger the trades. Over all its bullish!!
Hit like & follow guys :)
Back To PavilionIf you have seen my previous analysis on EmiratesNBD I had mentioned its stuck within a range for months, 14.25 was the resistance/upper range. It have come back to retest but we can see a huge Red candle with much of selling pressure this looks bit scary although I think buyers will tomorrow try to protect this level so that it does not go back into the RANGE which will be painful.
At the same time Banks will not increase the interest rates which will benefit banks so I think banking sector can be a good target for now for a new bull run.
Hit like & follow guys ;)
