My FAVORITE STOCKIt have become one of my favorite stock in ADX, I think from here it is ready to go here provided market sentiments are not negative tomorrow.
Hit like & follow guys :)
Dubai's Salik begins debut trading on DFM at $0.65 The public offering of Dubai's Salik, which raised 3.735 billion UAE dirhams ($1.017 billion), started today at 2.40 UAE dirhams ($0.65) per share. It is up 20% from its IPO price.
The company's IPO was over-subscribed by 49 times. It also announced that it would allocate a minimum of 1,000 shares to its subscribers in the first and second batches.
In the first five minutes of trading, Salik's volumes exceeded 85 million shares. This was due to the heavy buying by retail investors, who were able to surpass their subscriptions. After five minutes, the stock was trading at around 2.27, up 13 percent. On the other hand, the other DFM counters, such as DEWA, were almost flat.
Salik volumes easily crossed 100 million by 10:10AM Dubai time, it's believed that it could easily reach 200 million shares.
Now, the total traded value of Salik's shares is around Dh414 million. Based on the current volume, it is believed that the company is poised to become the biggest traded IPO of the year on a listing day.
If the market's expectations are met, it will be a remarkable achievement for the Dubai government, which has been aggressively pursuing its efforts to monetise its assets. The strong debut of Salik shows that the country's financial assets are still regarded as top-notch.
BEARISH DIVERGENCE IN FORMATION ON W EMAARThe Fundamentals are easy stocks are going down on nervousness related interest rate movements.
The Technicals suggest a bearish divergence in formation that would yield a movement downward.
So confluence can take EMAAR til 4.98 or 4.1
forecasting NDMS STOCK in dayli chart hello friends I tell you my forecast in daily time frame.
the NDMS stock is in a bullish trend since 2021 more or less or before, but in the last few months it entered a lateral phase that indicates a bullish distribution, if you are in buy I recommend that you exit the position when breaking the level 24.05, and if it is not in any position I still recommend entering short after breaking 24.05 and pulling back.
Ready Again?Is it a false breakout or we are ready to go higher from here. I would be more confident if it breaks and closes above 0.60 but can be bought in small quantity at current levels.
Hit like & follow ;)
SHUAA Capital is showing bullish price actionDFM:SHUAA is set to target 0.739 - 0.75 AED and then 0.8 - 0.82 AED once it breaks out above 0.66 AED. Stop level daily close below 0.57 AED.
Hit the like button please if you find this useful :)
This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
Good PotentialThis is one of my favorite stock in ADX and i think from here its ready to go higher. Very bullish!!
Hit like & follow guys ;)
The Storm Is COMINGWatch out this stock very closely in other words stalk this stock, it will make very big move very soon. Any bullish momentum is buying opportunity from now.
Hit like & follow guys ;)
Get Set go GO!!!I think Invictus is now ready for the move, if market will be positive coming week this stock will outperform. Watch out for this one and enter at the right time before it goes away!!
Hit like & follow guys ;)
Not ConfidentI was expecting atleast 50% recovery of the red candle that it made in Mondays session, for now i am not confident with this move.
Hit like & follow ;)
Range Based Its been in this range for so many days although it was looking very promise earlier i was expecting a breakout to the upside but for the last 3 to 4 days we are just seeing selling pressure. This is a good place for the buyers to protect this support area. Hopefully we should see buying momentum from here else we going south.
Hit like & follow guys ;)
Retest 348?There are good chances if it survives at current level. Buyers will accumulate here and then push the price higher. Over all this stock is in a strong uptrend.
Hit like & follow guys;)
Nice Bull RUnIt had a nice bull run bot for now this trend is over, i think its time for a correction.
Hit like & follow guys ;)
Stuck in a RangeA uptrending stock is stuck within a range I am waiting for a breakout to buy. Lets be patient being in cash is also a position.
Hit like & follow guys ;)
Very Tricky Surprisingly whole market was red today and adnocdrill was punished harder. Its at a very critical stage for now i think it should open with a small gap up opening tomorrow if it all it have to survive at current levels else south is the way!!
Hit like & follow guys ;)
Pump & Dump??Emaar Just zoomed today in early session but could not sustain the gains and closed red. Strong resistance at 6.40 for now. I think it would be better if it spends some time near the resistance and gather a new momentum for a breakout that should sustain. Overall still bullish!!
Hit like & follow guys ;)
At very good level & ready to take offIt have spent so many days and now its gearing up for a big move. Ride the trend!!
Hit like & follow guys ;)
Stalk This StockIts very bullish we mite see some weakness at current levels but over all this is very bullish and very soon it will hit 5.00 ride this move. Any dip from now is a buying opportunity!
Hit like & follow guys ;)
New High SoonI think tomorrow will be a good buying opportunity if this stocks drop due to panic sell in the market, I would love to pick this at around 2.05-2.07 zone. Also if market recovers in the same session i will try and book the profits. Over all this stock is very positive and should be in your "stalking list"
Hit like & follow guys ;)
