Talking about the trend DFMGI is in a downtrend on the daily chart. Lately it has been trading in a tight ascending triangle pattern, in Friday's session finally it broke up with good volumes and from here it has got a very good chances of trend reversal. However keep it mind that in case if this a false breakout then sellers will jump in very aggressively which...
Fertiglobe is showing early signs of reversal, it was in a strong downtrend I didnt see any big buyers for this stock but last week we saw good volumes and its looking positive on the charts too. I think very soon it will try to retest 3.00 not to forget its a strong supply area as previously it will trying to break through but it get heavily rejected and made a...
Rakproperties is looking promising it has retested the support zone twice that is 1.30 and now its gearing up for the next big move. In short to medium term i think this stock will touch 1.50 with new projects and casino coming up Ras Al Khaima property is very hot and investors are grabbing what ever comes on the way. We will surely see a pump in stock price too....
Multiply is in a strong down trend for ages now, people are tired to see it RED on daily basis although its one of the top traded stock with solid fundamentals but still its struggling. For now we can see some fresh signs of reversal right at 2.45 area still this is not a uptrend there are chances it may hit the resistance get rejected and go below 2.45 I am...
If we talk about the over all trend of Union Properties upp then its still in a downtrend thanks to the positive news they released in Thursdays session investor got excited about this news and bought this stock like crazy. It has hit the resistance zone that is at 0.330 we saw some selling coming it. If it can sustain above 0.310 and establish a base this will be...
Deyaar is getting stronger fundamentally and technically as well. Thanks to the real estate boom in the DUBAI. New launches and deliveries is make Deyaar more profitable and its increasing its portfolio. Overall the trend in UP its been correcting itself on the way up so its healthy. Next strong area of resistance is at 0.763-0.765 zone This stock should be above...
Emaar 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...
Burjeel has spent 3 days already at the current level its just taking a pause before it make a big move to the upside. Get ready for this one, if tomorrow it opens with a gap up there are good chances it will break the resistance of 2.90 and touch 3.00 very soon. On the other side if we see a gap down opening then it can come down to retest 2.80 area and we wait...
UPP is been under tremendous selling pressure, for now its just taking some support at crucial demand zone that is around 0.310 zone. Still this can be very risky it can break this support area to go lower to make a new lower low. As most of the stocks in Dubai Financial Market are under selling pressure today we saw some buying coming in but this can be a short...
For now dfmgi is under selling pressure, we cannot see a defined trend to the upside. This can be a short recovery dont trust the move for now. Let it make a positive price action to get onboard. Any negative news and market goes crazy. So if you are buying anything quick entry and exit that too with small quantities. Hit like & follow guys ;)
Looks like Presight is done with down trend and potentially there are good chances that it can reverse from current level. We are seeing fresh buyers joining the club at 2.90 area that is support for now. Double bottoms will be confirmed once we see a breakout and a close above 3.03 once this chart pattern is confirmed then I think it will try to retest major...
The trend is still positive, for now Rak Properties is establishing its support zone, I think very soon bulls will charge in and push the price higher. I have bought some quantities at 1.14 will wait for a bullish candle to close above 1.16 to add more. Although it can even come down lower to retest 1.10 area. Will wait for price action at that support to buy more...
Trend It have started fresh trend, price is right near 200 day EMA once it clear sky is the limit. But for now 24.00 is a hurdle. If it comes down to retest 22.35 i would consider this as buying opportunity. Volumes are now increasing on daily basis looks like people are jumping in. Hit like & follow guys ;)
Trend Its at a bring to establish a downtrend once we see a confirmed close below 200day ema. For now its taking a pause at a very crucial support area if this is broken then we can go down south. For now i am not interested to catch a falling knife, let manazel show us a bullish price action to buy this bad boy. Hit like & follow guys ;)
With big news surrounding Qholding bulls are just going crazy and buying what ever is available in the market. This stock have become very bullish for now and it will continue its momentum. Hit like & follow guys ;)
Manazel also performed very well last week with big volumes, after correction now its ready to go higher as we can see it have already established support. In case if it goes low from here it can go more down hopefully we should not see this scenario. Once it crosses 0.543 I think people will start placing big orders. Overall bullish stock !! Hit like & follow guys ;)
Emaar 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 ;)
Ajmanbank is looking interesting and ready to explode coming week most likely. Fridays volume is very impressive and I think if bulls can open with a small gap up in Mondays session I think it will break out and will cross 2.50 very soon. Over all Ajmanbank is bullish. Hit like & follow guys ;)