DFM Looks fun!The last earnings report lead to a rally reaching >2.5X.
July21 to Sept21 the total trade value in DFM was ~10B. And between Oct21 to Dec21, the total traded stock value was 33.6B as per DFM.
Can we expect another 3x on FS release?
DFM trade ideas
Good PotentialAs a stock trader we always want to buy a stock at a support with a smallest possible stop loss. DFM is just looking picture perfect if the market is positive tomorrow and with the positive news about xCube Dubai I think it is good trade setup. Still the trend is positive this can be a range based trade.
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Did You Miss The Last Move?This stock is now unstoppable !!! I would recommend this stock to be in you portfolio for long term and it will give you some handsome profits for sure along with dividends. From the fundamental side more new companies are about to list on DFM which will increase the volume, liquidity which is more revenues for DFM so this stock will touch skies. Last closing was just crazy a big volume was bought that is around 10m shares just at the time of closing surely this was not a retail trader or investor this was a big institution buying indicating big potential i had added some quantities to my winning trades which i had shared already with you all. It would be so nice if it comes back for a retest which will be purely a buying opportunity. Dont mist out on thiss!!!! very bullish and highly recommended.
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Looks good for a buyIt have tested the support zone so many times and with todays closing i think buyers are in action, it looks good till the gap which will potentially act like a resistance also it can be a TP1
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wait wait wait the next up or down change will decide the next step
wait and watch for the rise
tomorrow if the market closes up then be ready for a green week after the long weekend
More Down Side Another most effected was DFM heavy sell of was seen today along with other stocks. Wait for it to react at support zone. For now in a no trading zone.
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Buy or WaitWe also want to buy at support and sell at resistance, this is the stock right at the support but to confirm buyers are holding this zone we want to see bullish candle and thn enter the trade. Looks very bullish over all.
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Crazy BullsNo doubt with all the fundamentals in place DFM is the one getting the most out of it. More upside is expected every time a positive news comes out. VERY Bullish
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Very BullishWith strong fundamentals in play the stock that will benefit the most is DFM for sure. We so limit highs for the days atleast for 5 times in a row. With a bullish candlestick pattern i am expecting it to go more higher!! Very bullish for now!!
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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!
nice resistance and wil be up once we see some cash flow i believe it went down since many investors have moved their cash to the trading of yahsat in adx
once the initial rush is over will see a big jump back ot 1.15 levels then we might see 1.22 again
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 For IntradayIts in a uptrend i had posted a similar idea last week. It have again come to support area if you see a green candle right at the support it will be a good buying opportunity.
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Good For BuyIt broke the resistance and came back for a retest. We see a solid green candle right at the support area. This is a good buy signal and target is good too.
Bullish
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DFM (DFM) - Dubai Financial at Bullish TrendHumbled, 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, do not be hesitant to send us message (inbox). Again, We have also provide signal recommendation with detail instruction
DFM ( DFM ) - Dubai Financial at Bullish Trend
Wait For a RetestIt will soon give a good buying opportunity, as we have to do is wait patiently and look for a bounce at the support/retest area.
Entry : 0.950 to 0.955
Stop loss : 0.865
Target : 1.25
Risk/Reward : 3.75
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Still in nice UptrendIts still holding the levels amid sell off we can see it have taking a bounce from support level good for intraday. A quick entry and exit recommended.
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Buy & HoldI have been recommending DFM since so long even before the breakout. Its very bullish with strong fundamentals!! next target is good buy and hold it till you see good profits. Bullish mode!!
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Is DFM hiding something up its sleeve?Dubai has established itself as a major financial hub and even though its tourism and aviation industry has slowed down right now, it is a great place to live in and I think there is tons of potential for it to grow on financial services or technology over the next 10 years.
The coronavirus crisis has been managed effectively by the UAE government, much better than in many European countries.
DFM has been in a downtrend since 2014, in a huge descending triangle, having tested 4 times in 10 years its support to ultimately consolidate for the past 18 months above it's 50 week moving average.
After the coronavirus shock, in Dubai, the fear is everywhere and the sentiment is very low. Layoffs are everywhere, rents have fallen by 20%-30% in the past year, people are selling properties as fast as they can and everyone just wants the pain to stop.
All of these signs usually coincide with market bottoms.
The UAE government is taking steps to provide more of a permanent residency for a variety of people, the latest ones being the people who work from home as freelancers or employed by companies abroad, giving them the opportunity to enjoy the Dubai lifestyle and tax-free income.
So far, many of the so called "digital nomads" have chosen different countries such as Thailand, but they might want to switch considering the latest developments. (monarch protests)
In addition, the overspend of Europe, Australia & US on the Covid crisis will put pressure on them to increase some already high taxes over the next decade, pushing even more qualified workforce to a place like Dubai.
Despite the ugly chart above, down sentiment and lack of momentum right now, there are major multi-month divergences on both OBV & MACD pointing to a potential move up.
In addition, in September, property transactions increased and for the first time in a while there are positive price changes and even talk of undersupply in some established communities
I'd wait for the triangle to be broken to the upside and for a weekly close above 0.999 to get in for the long term, cause I believe Dubai has the potential of being the next Hong Kong & Singapore.
Good for buyIt is a good stock and in a uptrend its good for a buy the reason is its right at the resistance level but at the same time its consolidating and spending time at the same levels it is not coming down it means buyers are holding it and want to push the prices to the upside. Wait for the break out level that is around 0.935 levels and enter the trade with confidence. very bullish!!
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Long Term InvestmentIf you are a long term investor this is one of the stock that will give you good profits as well as good dividends. Very bullish and upside expected.
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