Continuation of fallIts been under pressure since it hit the peak of 6.00 and since then its been falling down. There is a hope of bottom formation at current levels but for now i think it will go down further to retest the support level and make a reversal from there. Till the time its below the downward trendline there is no hope of it turning into bullish!!
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SALIK: Current Market Status and Future ProspectsThe current share price of SALIK stands at 2.90, reflecting the overall market sentiment towards the company. With a market value of 5,329,289.81, SALIK has managed to garner significant interest from investors, as evident from the trading volume of 1,845,923 shares. This substantial volume indicates that the company's shares are actively being traded, showcasing a high degree of liquidity and an optimistic outlook from the market participants.
Key Trading Metrics for SALIK
To further analyze SALIK's recent performance in the market, we will examine some key trading metrics. These metrics provide additional context to the company's current market position and investor sentiment.
Previous Close: 2.84
The previous close is the price at which the last trade occurred before the market closed. For SALIK, the previous close was 2.84, which serves as a reference point for the current trading session.
Opening Price: 2.82
The opening price is the first traded price of a financial instrument in a given trading session. SALIK opened at 2.82, which is slightly below the previous close, indicating a cautious start to the trading session.
Last Trade: 2.90
The last trade refers to the most recent transaction that took place for a financial instrument. For SALIK, the last trade occurred at a price of 2.90, which is higher than both the previous close and the opening price, suggesting increased investor confidence.
Price Change: 0.06
The price change represents the difference between the current price and the previous close. In the case of SALIK, the price change is 0.06, indicating an upward movement in the share price.
Price Change (%): 2.11
The percentage price change is the relative price change expressed as a percentage. For SALIK, the percentage price change is 2.11%, which further emphasizes the positive price movement.
Best Bid: 2.83
The best bid is the highest price that a buyer is willing to pay for a financial instrument. In the case of SALIK, the best bid is 2.83, which indicates strong demand from buyers at this price level.
Best Ask: 2.90
The best ask is the lowest price at which a seller is willing to sell a financial instrument. For SALIK, the best ask is 2.90, which suggests that sellers are looking for a higher price to offload their shares.
These key trading metrics, along with the bid and ask orders and the overall market position, provide a comprehensive overview of SALIK's recent performance in the market. Investors should take these factors into account when making decisions about their investments in SALIK.
ESHRAQ stock may achieve a return of 27% to 100% on these pricesthe reasons
Standing at an important support
Positive technical patterns formed
The last candlestick is a hammer candle with the possibility of a morning star pattern forming
Positive divergence on the MACD indicator
Buy with a stop loss of 41 levels
Target: 25% of these prices
to 100% in the medium term
manazelgroupmanazelgroup : Looks very bearish indicates big crash on coming days
“Manazel”, one of the leading companies in the United Arab Emirates, was established in May 2006, and is headquartered in Abu Dhabi. Manazel has a unique strategy and vision that lives up to the Nation’s development future. The Company has chosen to concentrate its work on developing lively residential compounds and multi-purpose real estate aimed at the middle income segment. This strategy has allowed it to overcome most of the difficulties that faced the real estate sector in the past years, resulting in the delivery of thriving communities rich with amenities and services in carefully planned surrounding
Note : its just my view don't take it serious
Its ready to flyIts been trading in the lower range for so many weeks now, today was a good day with higher volumes for Manazel. Its in a bullish chart pattern and hopefully if market is positive tomorrow most likely it will breakout to the upside. Today it failed to hold the gains but still looks positive. It should not open with a big gap down else it will turn into negative. Overall this is a bullish stock and ready to fly higher.
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Potential Chart FormationAldar is at a good support level, I am expecting a bounce from current level. Its forming inverted head and shoulder pattern potentially which is bullish. Its very important that aldar holds at current level else it will be a pattern failure and turn bearish.
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it looks bearish going to test levels of 1.22 / 1.18 if it breaks then lower to 1.05
too many new companies listed and cash flow is being lost in action and too many companies with high prices and withdrawing cash to them
salik / dewa/ unioncoop and the upcoming listing will casue more cash shortage for the short term awaiting for the 3rd quarter results
Positive LookFor now Burjeel is looking positive and its in a chart pattern, lets wait for the breakout i am still very Bullish on Burjeel Holdings. Tomorrow if it opens flat or with a gap up most likely we should see it going north. Else if overall market is negative it may come down for a retest.
Hit like & follow guys ;)