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Stalkstockdubai

Nice Break OUTIf 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 healthy and it can make a powerful breakout soon. Strong resistance at 0.330 area and then strong supply zone at 0.380 I personally think it will break the immediate resistance soon and climb up, mind you this is one of the cheapest stock in DFM and when people start to buy or sell this stock usually its with HUGE volumes. Hit like & follow guys ;)
DFM:UPPLong
by stalkstock
1
Again Disappointment ?We have seen Deyaar has got a habit of surprising the market. Whenever we see its in a “bullish” mode and ready to go higher very same day it will be dumped and closed in RED!! At times when Deyaar is not expected to make any move it will suddenly close with a solid green candle. Lately its been under pressure and moving side ways most of the time. It was in a bullish chart patter but unfortunately it broke to the down side and now recovering. Deyaar is a “yellow flagged” stock in Dubai Stock Market which means its in a accumulated loss between 20% – 50% of issued capital. Deyaar is trying to breakout and move higher but facing tuff resistance as we can see on the chart resistance is strong as whenever it tried to cross it was a failure. A strong resistance is at 0.460 0 – 0.465 last weeks closing is at 0.463 I have seen it disappointing earlier so I dont trust this small breakout, volumes are increasing but I would like to see a closing above 0.480 to confirm its resuming its uptrend from here. Over all trend is still to the upside but it was going side ways for all these months. With Emaar Properties leading the real estate sector I thing Deyaar will also follow the suit. I had recommended right near the support after looking at the bullish price action to have a small stop loss and a good target of 1:4 RR still there is a good chance of it going higher if we take the first green candle as a break out and the next days red candle that is a DOJI meaning indecisive day and then a green candle with a gap down – retest of the breakout. If on Monday it opens with a gap up there are very good chances we can see a good big move to the upside if, it opens with a gap down I think it will remain around the same level. Both 20 & 50 day moving average are below the price and acting as a support for Deyaar. A close above 0.480 will attract more buyers and it can retest the swing high of 0.540 or if it again fails this time it can come down to retest 0.420 level. With market sentiments at all time high I hope Deyaar will not disappoint us this time. We want to see big volumes with big moves to the upside coming week.
DFM:DEYAARLong
by stalkstock
Will it cross 5000 pointsIf you are a regular reader of my blogs you must have surely read my last analysis on Dubai Stock Market Index. Market is making new levels every week attracting international & local investors. Blue chip stocks like EmiratesNBD, Emaar Properties, Dubai Islamic Bank are in a strong uptrend and ready to go more higher. As of today 02/04/2022 Dubai Financial Market General Index is at 3536.65 and to add cherry on top by 12/04/2022 Dewa will be listed for trading. More weightage will be added to DFM Index it means more liquidity will be entering the market which is very positive. I think DFMGI will soon be at 5000 points. Good time to invest in Dubai Stock Market
DFM:DFMGILong
by stalkstock