Agthia UAE : Crossing 8 will drive the price to 9.3 then 9.8Daily chart, the stock ADX:AGTHIA is going bullish, forming an expanding rising trangle.
The stock should cross the resistance line R3 until hitting the line R1 at around 8.0
Crossing 8.0, the target can be 9.3 extendable to 9.8
Technical indicators: MACD is positive, RSI is positive but going near over-bought zone (Be careful with a near minor correction).
Consider the stop loss below the line SL
Uae
Adnoc Drilling is near a tough resistance zoneWeekly chart, the stock ADX:ADNOCDRILL has been trading in a rising channel since March 2022.
The current price is near the upper channel's boundary (resistance line R).
So, either a breakout around 4.85 - 4.90, or a rebound.
Closing below 4.40 for 2 weeks, will push the price downwards.
Above the resistance line for 2 weeks, the target will be 6.05 - 6.10
BTCUSDT TRADE I'm very bullish on BTC , as we see we are on an uptrend , so we are looking to buy BTC , i'm waiting to take a buy position when the trendline is broken and I'm gonna aim for the 73998.06 and stoploss is gonna be in the 67902.47 . i'm not sure about the Stoploss area because i haven't seen the price breaks the trendline yet.
Joby Aviation Set to Launch An Air-Taxi Service in Dubai By 2026Joby Aviation ( NYSE:JOBY ), a pioneering air-taxi company based in California, has unveiled plans to launch regular air-taxi services in Dubai by 2026. This ambitious endeavor marks a significant leap forward in the evolution of urban mobility, positioning the United Arab Emirates (UAE) at the forefront of cutting-edge transportation technology.
The agreement between Joby Aviation ( NYSE:JOBY ) and the Dubai government represents a historic partnership aimed at revolutionizing the way people move within cities. With operations set to commence as early as next year, Joby ( NYSE:JOBY ) is poised to establish the world's first regularly operating air-taxi service, heralding a new era of aerial transportation.
Joby's remarkable journey towards this milestone has been characterized by a series of pivotal achievements. Notably, the company's innovative air-taxi design was showcased in 2021, highlighting its superior noise reduction capabilities compared to conventional vertical takeoff and landing vehicles. June 2023 witnessed a significant milestone as Joby secured a crucial permit from the Federal Aviation Administration (FAA) for flight testing in the United States, underscoring its commitment to safety and regulatory compliance.
September saw Joby ( NYSE:JOBY ) advancing its production capabilities with the commencement of construction on an aircraft production facility in Ohio, laying the foundation for scalable manufacturing of its revolutionary air taxis. In November, the company made history by conducting the first-ever air taxi flight in New York City, demonstrating the feasibility and potential of urban aerial mobility.
The planned launch of the air-taxi service in Dubai promises to redefine urban transportation, offering unparalleled speed, convenience, and efficiency to passengers. Several strategic locations have been identified as takeoff and landing zones, including Dubai International Airport (DXB), Palm Jumeirah, Dubai Marina, and Dubai Downtown, ensuring seamless connectivity across the city.
Equipped to accommodate a pilot and up to four passengers, Joby's air taxis boast impressive capabilities, capable of reaching speeds of up to 200 mph. This remarkable speed translates to unprecedented time savings, with a journey from Dubai International Airport to Palm Jumeirah reduced to a mere 10 minutes, compared to the current 45-minute car journey.
The announcement has sparked significant investor enthusiasm, with Joby Aviation's stock ( NYSE:JOBY ) surging over 6% in premarket trading to $6.33 per share, reflecting growing confidence in the company's disruptive potential and transformative impact on urban transportation.
As Joby Aviation ( NYSE:JOBY ) continues to push the boundaries of innovation and collaboration, its visionary pursuit of a sustainable, efficient, and accessible urban air mobility ecosystem holds immense promise for cities worldwide. With the skies of Dubai set to be transformed by the advent of air taxis, the future of transportation has never looked more exhilarating or closer within reach.
In summary, Joby Aviation's ( NYSE:JOBY ) bold venture in Dubai represents a monumental stride towards realizing the vision of a seamless, interconnected urban transportation network, propelling humanity towards a future where the sky is no longer the limit.
Will Emirates NBD Bank rebound to 21.7 ?Daily chart, the stock is trading in a rising expanding wedge, and may test the minor support S1 line, then rebound to R1 line.
Above R1 line, the target will be 21.7
Below S1 line, target is 15.4 - and can be brakes by the support line S.
Stop loss below support line S.
XAUUSD GOLDPair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves at Demand Zone or Fibonacci Level - 61.80%. Bearish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line. It has completed the Break of Structure and making its Retracement
Ghitha is trading sideways, then targets 63 after crossing upDaily chart, Ghitha Holding (ADX, UAE) stock is trading between the resistance and support (almost a rectangle channel).
It is a good trading opportunity BUY at support, SELL at resistance, until crossing up the resistance (around 49.0), then the target will be 63.0 extending to 70.0
Technical indicators: MACD is positive. RSI indicates some minor correction or sideways movement.
Looking PositiveBayanat is showing us good signs that now its ready to start a fresh trend to the upside. With todays closing bulls are holding at very good level they have a very good chance to crush sellers and shoot up the price. If it opens with a gap down then this will discourage the buyers and we will wait for another bullish candle to take any entries.
For now ideal scenario will be if it opens flat and break and hit the first target then again spends few days right at the resistance and make a new move to the upside.
Hit like & follow guys;)
Still BullishTrend Identification
Still the up trend is intact, after the strong move from 2.35 zone qholding is now under correction but i think very soon bulls will regain the control. For now its just trading within the channel.
Breakout
Soon i am expecting a breakout, once the price closes above 3.70 i think people will start reentering this stocks with good volumes. For the last 3 weeks we are seeing thin volumes and low trades in this stock.
Buy & hold Strategy
I am still holding my position for the last 3 weeks, I am waiting for the breakout will sell around 4
Hit like & follow for more updates ;)
Its a PAINTrend
Its been just going side was for ages now, once it breaks 3.46 and closes above with good volumes thats when we can have a trend confirmation. With last weeks closing its looking weak.
Breakout
Once we see a confirmed breakout that's when we can plan out buys for now its in a no trading zone it can retest support 1 and support 2 area. Also the have announced bonds that got listed on ADX this stock is looking good.
Hit like & follow guys ;)
QUICK ANALYSIS ON ADCBDear Emirati Traders, you can see on the chart thet the price pulled back multiple times on the resistance level and couldn't break through it, there's a high probability that the market will head down towards the 7.70 level, to make sure of that you must wait for a confirmation of the pullback then you can sell.
For further questions, don't hesitate to ask!
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!
Trend is IntactOverall Trend
DFMGI is in a strong uptrend, as we see on the chart it have hit the resistance area of 4100 that is psychological and technical resistance. Its been going side ways for about 2 weeks not this is a good indication that bulls are still defending the support zone.
Breakout
Coming week which will be very crucial as more data will be coming out from CHINA, as well see all eyes are on Yuan & the giant real estate Evergrande that have filled bankruptcy in the USA. Traders & investors will be closely watchin g for signals to take positions respectively. If the data are positive, if there is any sign of relief i think market will break the resistance of 4100 points else it will break the support of 4040-4000 points.
Fundamentals
UAE's economy is very sound and progressing with strong real estate demand that is coming form India, Russia, Israel & UK also not to forget the booming tourism sector everything is aligned for flourishing economy and we are seeing its reflection in the market.
IPO
New Listings are expected later in this year, with the boom of IPO in the middle east people are still having more appetite for IPO's
RoadShow
Dubai Financial Market have recently done a roadshow and its attracting many eye balls. Fund managers are already having easy access to the market which is also another factor stock prices are pumping high.
Conclusion
I am very bullish on this market and i think very soon dfmgi will be around 4500 points.
Good HoldingLast week was for qholding, big announcements made this stock fly high into the skies obviously for now its correcting itself. Good news is that it have shown us some signal that correction have stopped fresh buyers are jumping it. If it breaks 2.93 get ready for another ride to the upsdie. And by any chance if it breaks down 2.75 it can go south for deeper correction. Overall qhodling looks promising.
Hit like & follow guys ;)
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.
All time High!!It was going so strong, but last week due to the IPO that was announced (ADNOC L& S ) people started to liquidate their positions to grab this IPO most of the positive stocks also suffered along with it. Anyhow its still looking positive to me it will rebound at support zones.
Hit like & follow guys ;)