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Taqa Probability No.1 (Bullish View)ADX:TAQA A clear impulse wave moving inside range as extended wave 3. Now wave 3 never be the shortest one in all three impulse wave ( Wave 1,3,5). As I observed wave 3 is shortest in price range than wave 1 as I highlighted with grey price range to measure length of wave 1 with wave 3. So, the probabilities are that wave 5 would be shorter than wave 3. How much it should be shorter than wave 3 I highlighted it with red price range which is length of wave 3. Possible target is 7.57/- and then stock will reverse.
ADX:TAQALong
by swaaapnil
2
Looking PositiveBayanat is showing us good signs that now its ready to start a fresh trend to the upside. With todays closing bulls are holding at very good level they have a very good chance to crush sellers and shoot up the price. If it opens with a gap down then this will discourage the buyers and we will wait for another bullish candle to take any entries. For now ideal scenario will be if it opens flat and break and hit the first target then again spends few days right at the resistance and make a new move to the upside. Hit like & follow guys;)
BLong
by stalkstock
Ready for the moveBurjeel has spent 3 days already at the current level its just taking a pause before it make a big move to the upside. Get ready for this one, if tomorrow it opens with a gap up there are good chances it will break the resistance of 2.90 and touch 3.00 very soon. On the other side if we see a gap down opening then it can come down to retest 2.80 area and we wait for buying opportunities in that area. Hopefully we see the first scenario happening. All the best. Hit like & follow guys ;)
ADX:BURJEELLong
by stalkstock
2
Dana GasWith the same analysis as ADNOC Gas I think Dana Gas has also ended its decline Firstly- The target of the Failure Swing pattern has been reached. secondly- The stock has reached a very strong support area of 80 and is trading around it without a clear break except imaginary wicks that quickly push the price above the support. Third- The intersection of the MACD averages has completed positive and the histogram has shifted to the positive area, declaring not only the increase in buying forces, but also their dominance over selling forces. Fourthly- The RSI broke the downtrend line.
ADX:DANA
by abba7114
Adnoc GasI think ADNOC Gas's decline has ended First, it reached the target of the head and shoulders pattern and began to fluctuate horizontally without breaking the last low of 3.08 Secondly, the target of the aforementioned model coincided with the second most important support area Third, the histogram bars of the MACD indicator began to rise throughout the period of fluctuation and were about to turn into a positive zone (near the intersection of its averages in a positive way). This means that buying is the one that has been dominant throughout the period since it reached the bottom of 3.08.
ADX:ADNOCGAS
by abba7114
New Launch in DubaiAldar properties is coming to Dubai, with its new project many investors are looking forward and i am sure it will be a huge hit in the real estate market. Dubai real estate market is booming for now i am sure once the financial results from the companies are out stock prices will rise. Once this geopolitical mess is sorted markets will resume its uptrend, many stocks are currently under selling pressure but this is giving us opportunities to buy the stocks at cheaper prices. Hit like & follow guys ;)
ADX:ALDARLong
by stalkstock
Can start a trendThere are good chances from current level multiply can start a new trend to the upside, if geopolitical scenarios are settled this stock can rally very quickly specially after disclosing there positive financial results this stock didn't perform due to the same reason but with todays closing we are getting some sort of indication that buyers are again getting activated. Although this can be a short recovery, i am expecting it to go a bit higher from current level and then come down from a small correction to start a fresh trend to the upside. Hit like & follow guys ;)
ADX:MULTIPLYLong
by stalkstock
Sign Of ReliefWith todays candle close we are seeing some sign of relief, but still over all the trend is to the downside, this can be a short recovery. There are good chances it can hit the resistance to make a lower low. Over all this stock is very strong and also fundamentally the company is very powerful. Due to the geopolitical scenarios our stocks are taking a beating for now. But i am very positive very soon we will come out of this mess and our markets will triumph !! Hit like & follow guys ;)
ADX:ALDARShort
by stalkstock
Still very TrickyUPP is been under tremendous selling pressure, for now its just taking some support at crucial demand zone that is around 0.310 zone. Still this can be very risky it can break this support area to go lower to make a new lower low. As most of the stocks in Dubai Financial Market are under selling pressure today we saw some buying coming in but this can be a short recovery too. So I would suggest wait for a trend confirmation before taking any positions. Hit like & follow guys ;)
DFM:UPP
by stalkstock
1
Correction PhaseAfter this massive selling pressure that we saw because of Geopolitical unrest in the middle east for now Emaar is trying to recover but this move cannot be trusted its just a short recovery. bears will attack anytime again so this can be a bull trap which we have to avoid although its very tempting to buy at current levels. I am waiting for a small correction and then pick up this stock. Over all markets are very sensitive for now any news can result in a crazy move. Hit like & follow guys ;)
DFM:EMAARLong
by stalkstock
1
Bottomed OUTLooks like Presight is done with down trend and potentially there are good chances that it can reverse from current level. We are seeing fresh buyers joining the club at 2.90 area that is support for now. Double bottoms will be confirmed once we see a breakout and a close above 3.03 once this chart pattern is confirmed then I think it will try to retest major resistance area that is around 3.20 For now its a chance for early bird entry at current levels provided price stays around current levels and does not break 2.88. Plan your trades with proper risk management. Hit like & follow guys ;)
ADX:PRESIGHTLong
by stalkstock
4
YAHSAT a chance to make 10% on a stable & very predictable stockADX:YAHSAT Al Yah Satellite is a company that builds/buys satellites and launches them into space. While it is a public joint stock company, it is really a semi-government company, a subsidiary of Mubadala, with heavy ownership by UAE top leadership. They currently have 5 satellites in orbit. The satellites basically provide broadband internet service, backhaul (connections between networks), and mobile voice & data service. This stock moves very predictably for the following reasons: 1) The stock has shares outstanding of 2.44 billion, the float is less at about 975 million shares. Float (shares available for trading and not in the hands of long-term holders) is likely even less than 975 Mil but just not officially disclosed. Meaning more than 60% of the stock are long-term holders. 2) But these are not your average owners. They are not long-term investors looking to make money. They are strategic owners that will never sell. Selling YAHSAT has sovereignty implications. This is a company really that should’ve never been public. It should always be government owned. They are intertwined with defense. Thus, the public portion will always be minor and incapable of impacting the company decisions. 3) The company also essentially has only one customer, the UAE government, specifically the armed forces. It is trying to venture into the commercial markets but still with limited success. 4) YAHSAT has recently renewed their contract with the government that was set to expire in 2026 and now it will expire in 2043. So, they will now have a stable income for the next 20 years. 5) They pay 6-7% dividend every year. 6) The stock is deeply undervalued. It has good financials and a DCF model intrinsic value of 8 dirhams per share (5 yrs our). So, it’s trading at a deep discount (see financials on chart below) All of the above provides support every time the stock dips. If you look at the chart above, you can see that YAHSAT stock does indeed move very predictably. It zigs up 8-10% and then zags down 6-11%. Figure 1: chart with key financials and intrinsic value only. For trading signals see the first posted chart. The company recently announced the good news of renewing their contract with the UAE government for 20 years. Thus, the stock shot up 9%. Now it’s going to correct and drop down by about 11% to the shown cyan arrow. Why? Simple, this company doesn’t have a lot of news. It’s a satellite company! They already made their big announcement. You can buy it earlier at the shown blue arrow and then average down at cyan arrow for a two-tier entry if you wish. You can place a stop loss at 10% lower for a 1:1 Risk to Reward ratio but I calculate the stop to be reasonably safe at a price of 3.34 AED per share (3.7% stop loss). Profit target is still 10% giving you a reward that’s 3x the risk. Not bad. One disadvantage is the stock has an ATR of 1.66% per day so it will take it some time to reach 10%. But the future looks bright for YAHSAT. They are going to launch two new satellites by 2028 which according to them will bring in 20 times more capacity than their entire current fleet of 5 satellites. And they have already sold half of that future capacity to the UAE government. The remaining half is available for sale to new potential customers, so there is upside potential. I will buy YAHSAT at cyan arrow and target a 10% return. This is what I am doing with my money. You do you. Good luck.
YLong
by ConvictionTrades
1