Bullish Chart PatternIts formed a inverted head and shoulder pattern its bullish!! Its good for a nice swing trade.
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Huge volumes It had a fantastic run today with huge volume, well with the global trend of sell off since last week we can expect it to come down quickly for a retest or it may continue directly moving upwards. Plan you trades in both the scenarios, i would prefer it to come down and then make a move to the upside. Over all surely bullish.
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Good For BuyIt broke the resistance and came back for a retest. We see a solid green candle right at the support area. This is a good buy signal and target is good too.
Bullish
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Bigger PictureIts nicely trending to the upside, last week it have just closed and almost crossed the resistance. I think it will make a big move very soon to the upside. Very Bullish!!!
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Emaar out of the descending channelAs we spoke before the weekly charts shows that EMAAR preparing to break up the descending channel and it did , so now we waiting to reach the resistance line on 4.21 which will give a chance to go the next target around 5.55.
we need high volum upper than 4.21
sometimes it happend that the price reverse to the support line which will be on the edge of the channel on 3.75
so no buy before 4.21
thats it !
SUHAA in buy zoneBuying with a closure with a liquidity of more than 5 million dirhams above 64 .
Take Profit 1 : 76
Take profit 2 : 86
Stop loss : closure bellow 55 with high volume .
Last Chance!!Its still in a up trend but for the last 2 days its been making bearish candles if it does not hold here on go up we can see it coming down at the support level for a retest. Else we can see a new high soon. Interesting point here is the volumes have declined in last week after it made a high. Does it mean weak hands exiting the trade? big boys still holding it?? Over all its still bullish!
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How Many More Times????Will it break this resistance area?? its a strong resistance area and have been rejected so many times. I hope it will break this time we can expect a bullish cup and handle pattern to form and hopefully this time it should break the strong resistance. Its very important for it to hold above 0.30 else it can again drop to 0.290 area. Need some strong bull power!!!
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Trying HardStill in a downtrend and its trying hard to push up. As of now its just in a small range and we should soon see a breakout on either sides good chances of upside though. Not a very interesting stock as of now till it confirms the trend/breakout.
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Need Strong BullsIts been trying hard to break the resistance it have just crossed above 200ema making it bullish it can be a beginning of a new uptrend. I can see 2 scenarios from here either it breaks the resistance and go up to hit the target or come back for a retest at the support level. A close above 0.285 will confirm bulls are in control.
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Uptrend Still IntactThose who are thinking emaar have started downtrend are wrong!! its still in a uptrend yes it have broken the support level today but its approaching a major support area. I am very positive it will bounce near the strong support area. Bullish
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Book Profits!!It have made a nice run and achieved the target already! its time to book the profit now as it will come down soon any time.
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Slow and SteadyAfter the breakout for the triangle pattern its been just steady and holding around the same area. I am still holding this trade and will exit around my third target. This one is a kinda short term investment. BULLISH!!
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When will it cross?Its getting rejected again and again from the same resistance area, it means resistance is getting weaker and weaker. For it to become bullish we want to see a good closing above the resistance area with good volumes. UPP and DEYAAR usually follow each other, UPP have made a breakout already we wait for deyaar now. It can also break to the down side, let hope the breakout is bullish!!
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Breakout & watchoutFinally it made a good move to the upside, it can be a very good and profitable swing trade. Stop loss is tight and at a safe place target is huge!! after the just wait for a small retest to enter the trade. I am pretty sure after this big move some profit booking will happen during the week. As its still not confirmed if this is a real breakout or a fake breakout!!! After a succesful retest enter the trade.
Entry : 0.274 to .276 area
Stop Loss : .266
Target : .297 & .320
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