Dana the king of repetitions As you can see on the long daily chart, usually after golden cross Dana would retreat back under the long term line as a false breakthrough, if you are long time investor ride the rocket and wait at least 2 years to get the peak, but worthy.
The high return dividend plus the expansion in their fields are all positive signs
Strong tightness Al ansari has a strong tightness “consolidation at max”
The stock at the IPO promised minimum 8 fils “please refer to IPO announcement “
Which mean 6.6% at today price.
Hourly chart shows bottoming, plus low volume “ Wyckoff Volume Spread Analysis”
Which mean a change in the direction could be in the sky.
Good luck to all
NMDC, ADC, accumulating to target 36NMDC , ADX, Abu Dhabi
On the daily chart, the stock is building a support in the zone 18 - 21
Once the 21 level is crossed with high volume, the uptrend will be targeting 36, passing through some resistance levels as shown on the chart.
The technical indicators RSI and MACD are positive to start buying gradually while monitoring the breakout of 21.
Stop loss at 18 - 17 to be considered.
EAND, ADX, to test support line at 20.8 and rebound to 23.3EAND , AbuDhabi,
On the daily chart, the stock is moving down towards the bottom channel support line, at 20.9 - 20.8
The buying power should appear at this level, to rebound to 23.3, build support, then target 25.4
Above 25.4 with large volume will push the stock to target 29.6
Note: STOP loss at the bottom support red line with 2-3% buffer or high volume.
Get ReadyBayanat is now looking very bullish, support is confirmed today with good volumes. I want to see tomorrow a small gap up opening and its ready to fly. Overall its a bullish stock now go for it.
Hit like & follow guys;)
Make or Break?Invictus is in a strong established downtrend, for now i am seeing some signs of bull joining in at current levels but still its too early to conclude. It should break the immediate resistance first and then the long term trendline that is acting as a resistance.
Once the above is done we can say invictus is now in bulls territory, for now put this stock in "Stalking" mode and pull the trigger at the right time.
Hit like & follow guys ;)
AGHTHIA price action is promisingADX:AGTHIA is maintaining its uptrend and seems to be ready for another leg up. Todays close above 5 AED was positive although the break happened in the auction period only. If the stocks holds above 5 AED, long to target levels shown on the chart. Stop loss daily close below 4.8 AED.
RejectionClearly we can see a rejection candle right at the resistance line, meaning still buyers are not ready to take the price any higher. It can come down to retest the support area most likely from here. Or once the resistance is broken we can see some good momentum to the upside. For now its in a NO trading zone.
Hit like & follow guys ;)
Will it holdIt have broken the resistance zone successfully but now it have come down to retest the the previous resistance area. If it can hold here then we can expect more upside moment from here. This stock should be in your Stalking mode.
Hit like & follow guys;)
Still TryingDFM is been slow lately, I was expecting DFM would be the best performer because the market got many IPOs and DFM will directly benefit from it. But to my surprise it still below 2.0 I guess its under performing. This stock should de above 5 after so many new listings in the market, also the turnover & volume of the market have significantly increased which is positive for DFM.
Hit Like & follow guys ;)