Dubai Islamic Bank DIBThe stock has been moving in a clear direction since last year, which is the ascending channel, the points are clear in the chart. The support area at 4.70 is a very stubborn area as it represents the lower trend line, and we should pay attention to it so that if a full candle closes below it, it means a severe drop, but except Therefore, the stock is likely to rise to the drawn point 5.20.
have a good day
DFM breaking out of the flag patternDFM:DFM formed a flag pattern after achieving the ascending triangle target and is expected to post further gains. Anticipated price action and targets are shown on the chart, stop loss daily close below 1.09.
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This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
EMAAR - Buy OpportunityNote : If you have any questions, feel free to send me message
Greetings
Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, feel free to send us message (inbox).
Pra Trading :
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position and do not do nothing if u see opportunity
- Evaluate and upgrade your trading plan
Execution Strategy :
- Know what you want to buy, see the Fundamental
- Decide that you are on investing or speculating
- Consider what your strategy based on Investing/Speculating
- Make Road Map Of Your Trading Plan
- Decide
a. Entry strategy
b. Cut loss
c. Target of Profit
Post Trading :
a. Do not be sad if you loss or do not be very happy if you win
b. Just become a normal without emotion, Do not put emotion into your trading
c. Evaluate your trading
d. Keep on Learning
e. Be Humble
Idea :
EMAAR - Buy Opportunity
ITHMR - Wonderfull potentialNote : If you have any questions, feel free to send me message
Greetings
Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, feel free to send us message (inbox).
Pra Trading :
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position and do not do nothing if u see opportunity
- Evaluate and upgrade your trading plan
Execution Strategy :
- Know what you want to buy, see the Fundamental
- Decide that you are on investing or speculating
- Consider what your strategy based on Investing/Speculating
- Make Road Map Of Your Trading Plan
- Decide
a. Entry strategy
b. Cut loss
c. Target of Profit
Post Trading :
a. Do not be sad if you loss or do not be very happy if you win
b. Just become a normal without emotion, Do not put emotion into your trading
c. Evaluate your trading
d. Keep on Learning
e. Be Humble
Idea :
ITHMR - Wonderfull potential
DFM - Potential to UpsideNote : If you have any questions, feel free to send me message
Greetings
Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, feel free to send us message (inbox).
Send me message if u have question or need signal ofr QAE, DJI, NASDAQ
Pra Trading :
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position and do not do nothing if u see opportunity
- Evaluate and upgrade your trading plan
Execution Strategy :
- Know what you want to buy, see the Fundamental
- Decide that you are on investing or speculating
- Consider what your strategy based on Investing/Speculating
- Make Road Map Of Your Trading Plan
- Decide
a. Entry strategy
b. Cut loss
c. Target of Profit
Post Trading :
a. Do not be sad if you loss or do not be very happy if you win
b. Just become a normal without emotion, Do not put emotion into your trading
c. Evaluate your trading
d. Keep on Learning
e. Be Humble
Idea :
DFM - Potential to Upside
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 !