Emaar - UAE - Long Set upForming a double bottom on 1H TF and also can see a bullish divergence. So have my entry / buy stop at 7.60
Entry 7.60
Stoploss 7.41
TP-1 7.76
TP-2 7.92
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An upcoming setup in EMAAR for a 24% returnDFM:EMAAR
I am looking to make a 24% return on EMAAR in the next 4-5 months.
The thesis is based on seasonality aligning with technical analysis.
If you look at the orange line in the chart above, which reflects the stock's seasonal performance, you will see that EMAAR typically rallies into it's August earnings report (Q2 financials).
Q2 usually beats Q1 only about 30% of the time but I think this time will be one of those occasions.
EMAAR saw a significant jump in it's Q1 earnings which I don't think will be a one time deal. More importantly, I believe this will be the expectation for the majority of investors, thus making it likely that EMAAR will rally into it's Q2 earnings.
Additionally, analysts' estimates are still not high for Q2. They are 22% higher than EMAAR did YoY but 14% less than EMAAR already delivered last quarter (see financials posted on image below).
I think EMAAR can beat those expectations.
Remember this tends to be the seasonal performance of the stock anyway this time of year. I just think that there is more reason for this to happen this year.
That said I am not going to just buy EMAAR at any price. While the stock is trading at a deep discount to it's DCF model 5 years out (see image above), it is trading at the high band of it's profit margin. With a PM of 39% it is already near its all time high PM of 41%.
I track PM over time because most stocks in the UAE are Cyclical. Once they make a lot of money they usually cycle lower to hit the lower band of their historical PM. This is to avoid buying a company at the top of it's cycle (where it's financials would undoubtedly look great but would be unsustainable).
According to my technical analysis shown on the black & white chart above there will be minor support for the stock at 7.14 & 7.01 AED. Their will also be major support at 6.88 & 6.78 AED.
I plan on buying at around 7 dirhams and then doubling down at 6.78 for a two tier entry.
From there I expect at least a 24% rally into September for EMAAR.
Anyway, that's what I am doing with my money. You do you.
Good luck.
Emaar is now in a strong uptrendhello dear investors
I think inchallah, Emaar will continue it uptrend until 1st target=12.50 2d target=19.
Always think technically with ease: it will respect the corridor if breakout accure then you will unusually see highest levels.
Just keep buyning and not sell untill breakdown this corridor.
Remember that i am not having a cristal ball predicting markets movement but I try to be more rationnal .
Good luck
NB: if you see that i said something usefull ecncourage me in order to post more and more
ADNOCDIST is getting ready to breakoutADX:ADNOCDIST is approaching a breakout level at 3.74 AED which is neckline of the a double bottom and above the 200 MA. Either long the break out with stop daily close below the 50 MA or enter at 3.65~3.66 AED if the stock rejects from 200 MA with a tight stop daily close below 50 MA.
Not financial advice, my view only
Fertiglobe is ready for some price recoveryADX:FERTIGLB price action shows it is ready for some price recovery. Long the breakout at 2.79 AED to target 3.05 AED. I would place the stop daily close below 10 MA.
Not financial advice, only my view
Will seasonal performance save DANA from a disappointing QuarterADX:DANA
DANA Gas has its Q1 earnings results scheduled for May 14th. Looking back on how DANA has performed, we see that it has missed 9 of its last 9 quarterly earnings. This is clearly not a good trend. Furthermore we see that analyst estimates for the upcoming quarter are only 2% less than what they expected for the same quarter last year (See fundamentals on image below for full view).
In reality the YoY results expected by analysts should have been lowered even further to account for the poor performance trend that DANA has been on. Worst, the estimates for next quarter are 45% higher than the estimates for last quarter. So Analysts are expecting a 45% increase in earnings QoQ. That's a lot of pressure on DANA.
Typically, going back since inception, Q1 earnings for DANA have been higher than Q4 61% of the time (see business cycle indicator in above figure). But still, a 45% QoQ estimate will be hard for DANA to beat or even meet, especially since it has missed for more than 2 years!
This is not necessarily all bad news though. In the black & white chart above, I show a support level below (black arrow at 62 fils) which represents great support for DANA. The gray arrow above it at 66 fils would be the minor support.
The ideal scenario for me would be for DANA to miss and then get punished with a price dip. Here I would buy DANA on the dip. One strategy is to buy at gray arrow then average down at black arrow for a two-tier entry or just buy all at the black arrow (62 fils).
The reason I expect DANA to get punished (if they miss their earnings) is because this is typically DANA's most successful quarter. So if they miss it's bad for the year!
Also because they are already fairly valued @ 70 fils according to the DCF intrinsic value model for 5 years out (see chart image above). There are better deals in the ADX.
As for the reason I expect DANA to perform well after the dip, it's due to the seasonal performance of its stock. (see seasonal performance line superimposed on black & white chart).
Here you can see that DANA is actually due for a price move upwards since February and even further up into July, but hasn't gone up much so far and instead has been consolidating sideways for 4 months.
My theory here is: once the upcoming quarter is out of the way and DANA does disappoint, the stock will sink lower then start to trend upwards to track its usual seasonal stock performance. The reason this would happen is due to promises that management make after a disappointing quarter. Remember this is usually their most successful quarter. So management has to do something to save the year.
So I'll be buying DANA at 66 fils & 62 fils and will be selling it at the resistance levels marked by the arrows (78 fils & 83 fils).
This is what I am doing with my money. You do you.
What Emaar shown in Short-Term
In the short term, Emaar's stock has shown a consistent bullish trend throughout the current year.
1-There's a likelihood that Emaar's shares will continue to rise over the next month, but there's also a chance of a significant drop to 8.21 in the near future.
2-However, if the stock doesn't drop to 8.21 , it's probable that it will continue to rise until the upward trend loses momentum.
3- If the stock price reaches and exceeds 8.10 We expect a downturn and a temporary halt in the bullish trend, indicating the beginning of a new phase for the bearish trend. However, this scenario appears relatively unlikely considering the sustained rise over the past four years, suggesting the upward momentum could persist for another two years or more.
This analysis is based solely on the bullish trend observed this year and generally over the past four years.
DFM:EMAAR
Long-term outlook for Emaar stockLong-term outlook for Emaar stock
It's probable that Emaar stock will experience ongoing bullish trends over the next one to two years, particularly if it surpasses the 11.75 AED mark.
Conversely, failure to breach the 11.75AED threshold could signal a reversal, potentially leading to a decline in stock value to 3.97AED.
This expectation is based on historical data reflecting consistent bullishness and price increases over a span of five to six years.
DFM:EMAAR
SALIK IS BULISHBased on the upcoming movement, Salik's stock promises more growth. From a technical point of view, if it returns to the price of 3.30, it is possible to buy a transaction with low risk.
EMAARDEV IS BEARSHThe price will fluctuate between the two price areas of 7.60 to 5.40. But due to increasing pressure from sellers, we expect the price to continue to fall, however, we can create a sell deal with a target of 5.80 and a loss limit of 7.70.
Borouge price is playing in a critical zone!Daily chart, Borogue stock is trading in a critical zone (YELLOW circle)
MACD is negative, RSI is descending, but -positively- near over-sold level.
Falling below support line (RED) will push the price towards 2.24, then 1.96
Above resistance line (BLUE) will target 2.60, 2.70, 2.84
ADNOCDRILL is showing some musclesADX:ADNOCDRILL price action is positive especially given the overall performance of the Abu Dhabi market. Long to target AED 4.05, strict stop daily close below 50 MA. The stock needs to clear the red zone to target AED 4.3.
Not financial advice, only my views
UPPIn the last wave of rise to a point of 0.468 in the middle of 2023
At that time, the point of 0.468 was considered to be the peak of the third minor of the third major, which targets the point of 0.588.
But now, after its sharp decline to 0.27 levels, it became clear that 0.468 was the first sub-peak.
This means that the target of the third sub-point is 0.695
The target of the third main wave is 0.82 levels
Aldar seem to be ready to post some price recoveryADX:ALDAR is consolidating and getting ready to post some modest gain. As the risk to reward ratio is not attractive, I prefer to enter now with a strict stop daily close below 5.1 AED and target 5.4 AED.
The stocks need to clear the red zone to start changing its downward trend.
P.S. Not a financial advice, just my own views
Ready GOAdnoc distribution is holding up well right at the support zone and I think its ready for a new leg to the upside. It has established its base at 3.70 and now its gearing up for the move. Overall this stock is still in a downtrend BUT its trying hard for the reversal. If at all we can see a closing above 3.90 then we can say that now price is in bulls territory. For now still anything can happen it can can rejected at current level and go down (hopefully not)
Hit like & follow guys ;)
Again buying opportunityIcap is still positive after making a higher of 2.24 we saw correcting/profit booking. But the best part is its reacting positively right at the support area that is at 2.10 still its going as per the plan that I had recommended we can see 2.30 very soon and we will book the profits in that zone. After the listing it could not sustain it gave up all the gains but for now its looking juicy at current levels.
Hit like & follow guys ;)
Let it climb UPFertiglobe is showing early signs of reversal, it was in a strong downtrend I didnt see any big buyers for this stock but last week we saw good volumes and its looking positive on the charts too. I think very soon it will try to retest 3.00 not to forget its a strong supply area as previously it will trying to break through but it get heavily rejected and made a new low.
So lets see this time if it will be a success. Over all trend is down but we can plan for quick entries and exits.
Hit like & follow guys ;)
Get ready for the partyRakproperties is looking promising it has retested the support zone twice that is 1.30 and now its gearing up for the next big move. In short to medium term i think this stock will touch 1.50 with new projects and casino coming up Ras Al Khaima property is very hot and investors are grabbing what ever comes on the way. We will surely see a pump in stock price too. Overall this stock is in a uptrend any dip should be considered buying opportunity.
Hit like & follow guys ;)
Reversal is hereMultiply is in a strong down trend for ages now, people are tired to see it RED on daily basis although its one of the top traded stock with solid fundamentals but still its struggling. For now we can see some fresh signs of reversal right at 2.45 area still this is not a uptrend there are chances it may hit the resistance get rejected and go below 2.45 I am expecting a double bottom chart pattern once it hits the resistance and comes back for a correction. For now early bird entries can be planned with quick exits for short term gains.
Hit like & follow guys ;)
Nice Break OUTIf we talk about the over all trend of Union Properties upp then its still in a downtrend thanks to the positive news they released in Thursdays session investor got excited about this news and bought this stock like crazy. It has hit the resistance zone that is at 0.330 we saw some selling coming it. If it can sustain above 0.310 and establish a base this will be healthy and it can make a powerful breakout soon.
Strong resistance at 0.330 area and then strong supply zone at 0.380 I personally think it will break the immediate resistance soon and climb up, mind you this is one of the cheapest stock in DFM and when people start to buy or sell this stock usually its with HUGE volumes.
Hit like & follow guys ;)
Bulls need to returnDEWA is under pressure it has already announced good dividends but for now its not holding. Need of the hour is to break the resistance of 2.50 with good volumes so that it does not come back at the same zone in near future. If bulls dont flex up then there are chances seller will drop the price till about 2.35 zone. Hope that does not happen we want to see fresh buyers jumping in to push price higher.
Strong resistance at 2.50 that a tuff nut to crack previously it has tried twice but got rejected trapping buyers right at the top. Lets see this time if its a success!!
Hit like & follow guys ;)
Deyaar BoomDeyaar is getting stronger fundamentally and technically as well. Thanks to the real estate boom in the DUBAI. New launches and deliveries is make Deyaar more profitable and its increasing its portfolio. Overall the trend in UP its been correcting itself on the way up so its healthy. Next strong area of resistance is at 0.763-0.765 zone
This stock should be above 1.00 early it was struggling but it has turned around now and its now trading with high volumes on daily basis. Still this is cheaper I think it will fly soon!!
Hit like & follow guys ;)
Powerful PerformaceEmaar properties showed good strength after releasing its financial results. Investors are happy with the quarterly results and we can see the smiles on the chart. Emaar is in a strong uptrend no doubt, it broke the resistance of 7.57 it has hit our targets and now its heading for 8.45
Real estate is booming in Dubai and Emaar is the biggest developer in the region. With new projects coming up and launches fundamentally its getting stronger and stronger. I think this time it i will cross 10.00 this stock is good for long term investment.
Hit like & follow guys ;)
