DFM Bearish trendDFM has been in a bear trend since April 2022
Currently if we assume that the bottom was 1.12 levels then according to fib golden pocket it will not be a Bullish reversal confirmation until it hits back 2.11 levels
At the moment this bearish channel drawn also needs to be broken to make an assumption that yes now its making new Highs to come out of the bear trend channel
ESHRAQ Bland movementESHRAQ has been trading in a channel between 0.40 to 0.60 on an avg most of the times since June 2020
Unless and until it breaks the Resistance of 0.88 it looks like it will keep trading between those levels
Right now if it breaks the resistance of 0.60-0.63 , It might travel to next resistance @ 0.72 and then come back to 0.40 levels that is pretty much it
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 ;)
ADNOCGAS Channel broken AdnocGas was going in an amazing direction making a parabolic move since inception but looks like it has entered into a correction phase
The parabolic channel is now broken and support is being established at the moment
3.17 to 3.21 is an important support channel which has been tested multiple times since the demise
Its a good time to create a partial position . if it falls to the next support level that is around 3 to 3.07 area then more accumulation can be made.
So far I haven't found any news related to this drop so it could be just a correction
BUY GULFNAVDear Emirati traders, I’m sharing with you now a trade for tomorrow’s day trading to ride, as you can see on the chart, the price was consolidating for a month in a channel after the jump it did past months. Now it’s time it will continue going up on it’s way.
BUY IT and set TP and SL at your own risk
Please let me know what markets you want me to analyze for you in the comment section!
Analysis on UNION PROPERTIES Dear Emarati traders, I saw some people on a group welling to buy the UNION PROPERTIES Index for long term investment and I said why not to make an analysis on it to share it with you, I figured out that it’s not the right moment to buy it.
As you can see on the chart, the price is consolidating in a channel for 3 years now and still haven’t break through it.
What you’ll be waiting for is the price to break the resistance with a high volume so you make sure that it’s not a fake breakout.
Please let me know in the comment section what markets you want me to analyze for you.
DEWA bullish reversalDEWA is simply making HH and HL based on dow theory
And if you see FIB drawing you can see the bullish reversal will be confirmed once it enters the golden FIB pocket in 2.69 + zone
Right now its following a good path after great earnings and it will continue to move up and hopefully a bullish reversal will be confirmed
Entry can be then made at 2.69+ levels or if you are fine with a small risk then enter now too