Get started
Very Tricky Be CarefuulTrend Overall the trend is still positive but now its been consolidating at the top for so many days I hope its not a distribution phase of this trend. We are seeing some weakness from the bulls but still there is no confirmation yet. Chart Patterns Well we can see a consolidation happening within a tight range and at the same time we can see price is testing higher resistance levels that is also indicating a triangle chart patter. My worry is if it breaks to the down side it will make a very big impact, panic selling will create more selling pressure and price can go lower from here. Incase if it breaks up then we are all smiling obviously. For now its looking weaker on daily and weekly chart I think it will break to the downside and create a mess...huh! Hit like & follow guys ;)
QShort
by stalkstock
ReadyyaahhTrend Multiply is on a strong uptrend and I think it will take a small break before breaking the next hurdle. Either it can come down to retest the immediate support or it will continue to go up from current level. Weekly closing is very bullish and i am expecting a continuation of this trend to the upside. Targets I think next resistance area is around 4.10-4.15 zone lets be prepared to book some profits in that zone and wait for a price action to plan new entries. Hit like & follow guys ;)
ADX:MULTIPLYLong
by stalkstock
Buying Opportunity?Trend No doubt Emaar Properties is on a uptrend since long time, for now after hitting the resistance its correcting itself and we are seeing some selling pressure with low volumes on daily chart. But i think soon buyers will jump in to grab this stock at support zone. Targets In mid to short term i am looking at 8dhs per share price for emaar properties, its very sound fundamentally and technically too. Real Estate Property market is booming in Dubai and this will also reflect on the emaar chart. Also Emaar properties may give out higher dividends. Hit like & follow guys ;)
DFM:EMAARLong
by stalkstock
2
Which Scenario ??Chart Pattern Is it forming inverted cup and handle pattern (scary) if yes then buckle up! we ready to go south till about 0.550 zone. This scenario will change the trend and more down side can also be seen this will be scenario B Pattern Failure If this is a chart pattern failure then be ready for some big moves very soon and I think it will hit 0.8xx area very soon. But for this to happen deyaar has to close the price above 0.725 before breaking 0.660 so its a wait and watch game. Early entry However we can plan for a early bird entry as price is at support zone and target 0.760 area which will give us good RRR Hit like & follow guys ;)
DFM:DEYAARShort
by stalkstock
Will it survive here?Trend For now upp is still on a up trend but we are seeing its under selling pressure 12th July 2023. Support area is at 0.390 area and its been holding good so far. Its been retesting the same area again and again hopefully it will hold it and push the price up. Negative Scenario If the current level is not holding then most likely we will see it coming down till about 0.370 and then 0.350. Need Bull Power Bulls need to come out in open and flex their muscles to defend the current zone. I will only take it bullish once it breaks 0.410 till then its in a no trading zone for me. Hit like & follow guys ;)
DFM:UPPLong
by stalkstock
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!
ADX:ADAVIATIONShort
by YassineAnalysis
EAND, timing an investment for 100% ROI in 2 years (not a trade)ADX:EAND In this post, I am featuring a multi-year investment opportunity. An opportunity to make 100% return over 2 years. This idea is for my investment account. It is for growing money steadily over time for retirement. If you are looking for a trade, then this is probably too slow for you. Etisalat is a company whose sales are 10% of the UAE’s GDP. Normally companies of that size would be very cyclical, but Etisalat’s business (not stock) is only semi cyclical. Cyclical businesses suffer when the economy takes a hit, it affects their bottom line. While the economy does affect Etisalat for sure, its impact on the business is diluted by the fact that Etisalat’s net profit margins are constant at around 19% no matter what. How could that be? You see Etisalat and Du are government approved duopolies. They have price control. This is why, they are not purely cyclical businesses. This means you can only hit their stock so hard before they ignore you and the economy. My chart above is a monthly chart. It shows the entire life of Etisalat as an exchange traded stock. It has suffered thru many price retracements throughout its life. If we look closely, we will see some interesting trends. In the early 2000s EAND took a 62% hit which corresponded with a peak-to-trough retracement to the 81% line. From there, and within 2 years, the stock moved up 96%. The stock dropped again and formed a bottom in December 2008 after declining 63% (again) from its previous high. Then from there, and within two years, the stock moved up 70%. In March 2020, EAND dropped to its 81% peak-to-trough retracement line again! but this time, the drop was only 45% in price from its peak. Then from there, and again within 2 years, Etisalat moved up a whopping 254%. And now Etisalat is doing it again. They are dropping precipitously in price from their all time high. But they are not quite there yet. My price to buy EAND at 16.34 AED, is at the 81% peak-to-trough retracement level, which also corresponds to a 58% decline for EAND from its all-time high (see circled double arrows). But if you recall, I showed above that Etisalat respects either the 81% peak-to-trough retracement level or the 62% drop from peak (which sometimes is the same level)? That is why I will average down at 14.84 AED if I get the chance (see green arrow on chart). It probably won’t happen, but this will make the investment more durable. This is called a two-tier entry. Finally note, that around my highlighted entry price, you will find the most epic moving average in all Technical Analysis. The 200 Monthly MA. This is going to be an incredible level of support! Most companies don’t have enough data to give you the opportunity to buy them at the 200 monthly MA. But Etisalat does. Not to mention that it is falling from a massive divergence (distance) to the 200 MA. Remember Etisalat will likely need a few more months to get to my price. Currently at 20 dhs, EAND is 20% away from my buy in level. But if you buy this stock at the right time, you have the chance to make a large return in a few years or you can even own a great company with a secured business into your retirement for an even larger return than holding for two years. Note, at the above entry price, dividend yield would be 10% per year. Not bad if you ask me. This is what I am doing with my money. You do you. Good luck.
ADX:EANDLong
by ConvictionTrades
2
Need Bull PowerWe saw some crazy moves in qholding , for now its taking a pause right near the strong resistance area. Last closing is not very promising we can see some sellers coming out of the bush in some volumes. At this point of time we need angry bulls to jump in are defend the territory. Price is above 200 EMA giving us good indication its in a uptrend. But now the question is..is it time for correction? Strong support at 3.50 and it have testing successfully with strong buying pressure, if it does not now 3.70 are then there are good chances it may revisit 3.50 and come back to break 3.77-3.80 zone. News Effect With the positive news hitting the market about qholding the stock price rocketed and now we expect it to sustain the gains. If we look at the lower time frame 15 mins chart we can see side ways price action this is a good sign of relief that bulls are still active else bears would have taken control already as the price is just at the perfect place to short.
QLong
by stalkstock
This is YummyFor now multiply is looking very positive , after the strong move to the upside its correcting and i think its taking a breather before it makes another violent move tot he upside. If we look at the weekly chart it have broken the range already and now it seems like its just taking a pause above the support zone. Last three candles are bullish we can see buying pressure coming in clearly indicating bull are defending zone. Once we see a solid breakou t of 3.65 with big volumes I think we will see 3.80-4.00 very soon. Multiply is very strong fundamentally with rich cash flows and its also investing in other profitable companies which will bring in moolah. Multiply is once of the top traded stock in Abu Dhabi Securities Exchange and I think very soon this stock will be above 4.00
ADX:MULTIPLYLong
by stalkstock
Any one Hurt??Fantastic performance by Rak Properties last week, over all bulls are very aggressive and without any mercy. Bears are not seeing till the end of the ocean for now. We saw huge volumes in this stock and it was top traded stock in Fridays session. I think this rally is here to stay and dip is buying opportunity for now. Real Estate Boom With the real estate market booking in the UAE, Rak is launching some amazing properties are attractive prices which is driving FDI crazy. Their revenues are jumping with the fundamentals so promising. China Effect With slow housings in China, many Chinese investors have flocked into RAK and bought properties for investments pushing the demand higher. This trend is to continue for now till we see Yuan stabilizes. Casino Effect RAK is also launching first casino in the UAE which will attract millions and millions of people into RAK, this will boost the economy and bring RAK into center of attraction. Conclusion Real Estate to continue its boom and enjoy the flow from different parts of the world. This will flourish the economy and boost revenues of real estate companies.
ADX:RAKPROPLong
by stalkstock