Good PerformanceIt made a good run to the upside very bullish and after the breakout of bullish pattern it made a new high. We can see a bearish candle in last trading session it can come down for a retest. However if it wants to go more high we should see a bullish candle tomorrow as a confirmation. Over all in a uptrend.
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Always GoodIts one of the best stock in dubai stock market with strong fundamentals and strong technicals its in a uptrend as of now it back at the support area after hitting the resistance. We are seeing doji candles right at the support area it means selling pressure is very less and it can again bounce back to the upside. Very Bullish!!
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Nice Bull RunIt made a nice bull run it was a good trade for me, its now bit extended and needs a correction already we can see some weakness at the top as it have created 2 dojis in a row may be it can hit the resistance and retrace down there are so many levels that can be retested after this big move as of now I would recommend to stay away from it till it comes back for a retest.
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DU Breakout Inbound!Seems like DFM:DU is forming a triangle and so we could be seeing some big moves coming from it soon enough.
We're currently waiting for the triangle to fill out and then can expect some movement in the market.
Looks bullish at the moment since it is testing the 50 RSI and the MACD is clearly bullish
We could be seeing highs of : 7.02
or lows of : 6.47
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(Not Financial Advice)
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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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 !
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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