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Bottomed OUTLooks 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 resistance area that is around 3.20 For now its a chance for early bird entry at current levels provided price stays around current levels and does not break 2.88. Plan your trades with proper risk management. Hit like & follow guys ;)
ADX:PRESIGHTLong
by stalkstock
4
YAHSAT a chance to make 10% on a stable & very predictable stockADX:YAHSAT Al Yah Satellite is a company that builds/buys satellites and launches them into space. While it is a public joint stock company, it is really a semi-government company, a subsidiary of Mubadala, with heavy ownership by UAE top leadership. They currently have 5 satellites in orbit. The satellites basically provide broadband internet service, backhaul (connections between networks), and mobile voice & data service. This stock moves very predictably for the following reasons: 1) The stock has shares outstanding of 2.44 billion, the float is less at about 975 million shares. Float (shares available for trading and not in the hands of long-term holders) is likely even less than 975 Mil but just not officially disclosed. Meaning more than 60% of the stock are long-term holders. 2) But these are not your average owners. They are not long-term investors looking to make money. They are strategic owners that will never sell. Selling YAHSAT has sovereignty implications. This is a company really that should’ve never been public. It should always be government owned. They are intertwined with defense. Thus, the public portion will always be minor and incapable of impacting the company decisions. 3) The company also essentially has only one customer, the UAE government, specifically the armed forces. It is trying to venture into the commercial markets but still with limited success. 4) YAHSAT has recently renewed their contract with the government that was set to expire in 2026 and now it will expire in 2043. So, they will now have a stable income for the next 20 years. 5) They pay 6-7% dividend every year. 6) The stock is deeply undervalued. It has good financials and a DCF model intrinsic value of 8 dirhams per share (5 yrs our). So, it’s trading at a deep discount (see financials on chart below) All of the above provides support every time the stock dips. If you look at the chart above, you can see that YAHSAT stock does indeed move very predictably. It zigs up 8-10% and then zags down 6-11%. Figure 1: chart with key financials and intrinsic value only. For trading signals see the first posted chart. The company recently announced the good news of renewing their contract with the UAE government for 20 years. Thus, the stock shot up 9%. Now it’s going to correct and drop down by about 11% to the shown cyan arrow. Why? Simple, this company doesn’t have a lot of news. It’s a satellite company! They already made their big announcement. You can buy it earlier at the shown blue arrow and then average down at cyan arrow for a two-tier entry if you wish. You can place a stop loss at 10% lower for a 1:1 Risk to Reward ratio but I calculate the stop to be reasonably safe at a price of 3.34 AED per share (3.7% stop loss). Profit target is still 10% giving you a reward that’s 3x the risk. Not bad. One disadvantage is the stock has an ATR of 1.66% per day so it will take it some time to reach 10%. But the future looks bright for YAHSAT. They are going to launch two new satellites by 2028 which according to them will bring in 20 times more capacity than their entire current fleet of 5 satellites. And they have already sold half of that future capacity to the UAE government. The remaining half is available for sale to new potential customers, so there is upside potential. I will buy YAHSAT at cyan arrow and target a 10% return. This is what I am doing with my money. You do you. Good luck.
YLong
by ConvictionTrades
1
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 ;)
DFM:EMAARLong
by stalkstock
Do or DieTrend Multiply is at a very crucial support zone for now that is 3.95-4.00 if this support zone is broken then we can witness more selling pressure and it can retest 3.80 area. Over all trend is still uptrend. Bulls have to flex up and show some power. Targets Strong resistance at around 4.10 zone but since multiply has spend so much of time near this zone if we see buying pressure again then there is high probability that it will cross 4.20 with ease. Hit like & follow guys ;)
ADX:MULTIPLYLong
by stalkstock
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 ;)
QLong
by stalkstock
Let it comeTrend Its still in a uptrend but for now its bit extended so a correction is due on this recent rally to the up side. For the last 3 days we are seeing Doji candles at the same place I think it will make a big move very soon. Support & Resistance For now next support is around 1.10 zone and resistance is at 1.15 area. I will wait for it to close above 20 day moving average to make a by decision. Tomorrow will be very interesting to see if it can manage to close above the resistance. Hit like & follow guys ;)
ADX:RAKPROPLong
by stalkstock
Get ReadyTrend Overall trend is still intact, qholding is still in a uptrend. But for now its looking very scary its been going side ways for so many days and I think this week it will breakdown (big Move) Since its been just ranging which obviously market does not like. Break out Which ever way it breaks out the move will be bigger, if it breaks down those holding their positions will panic sell which will further put pressure on the price. If it breaks to the upside people are waiting to catch this one and ride it. Support Area We can see on the chart 3.60-3.65 is holding tight so far but i think it will be broken very soon. Resistance is at 3.80 for now. Hit like & follow guys ;)
QShort
by stalkstock
More RecoverTrend Etisalat is in a strong downtrend for now, for the last 2 days we are seeing some bounce/short recovery. We cannot trust this move as this can be a correction phase of this massive drop to the downside. We wait for a proper bullish price action to take any position. Fib Level Watch out 50% Fib level area if we see rejection candles around that area it will be a added confirmation that bears are charging and bulls will have to leave the ground. For now its too risky to take any trade in this unless its quick entry and exit strategy. Hit like & follow guys ;)
ADX:EANDShort
by stalkstock