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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 ;)
ADX:ADNOCDISTLong
by stalkstock
1
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 ;)
ADX:FERTIGLBLong
by stalkstock
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 ;)
ADX:RAKPROPLong
by stalkstock
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 ;)
ADX:MULTIPLYLong
by stalkstock
1
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 ;)
DFM:UPPLong
by stalkstock
1
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 ;)
DFM:DEWALong
by stalkstock
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 ;)
DFM:DEYAARLong
by stalkstock
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 ;)
DFM:EMAARLong
by stalkstock
Bulls are here to STAYAmericana performed very well after they released the news about distributing dividends. Investors got excited in Wednesday's session and bought it in big volumes. Best part is in Fridays session when volumes are usually low and people book profits we didn't see any deeps correction it just touched 3.22 and again buying pressure came in. For now Americana is still in a strong downtrend we cannot confirm a trend reversal just with one green candle spike. For now immediate resistance is at 3.35-3.40 zone once this is taken out then major resistance is at 4.10 coming week Americana will be in spotlight so lets see if its sustains or give up the gains. Hit like & follow guys ;)
ADX:AMRLong
by stalkstock