Watch Out !!!Still market is not in a uptrend it can make a U turn any time, i would like to see a bullish chart pattern here for a confirmation. Lets see if it can cross the major resistance!!
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DFMGI trade ideas
Many Hurdles AheadAfter a fall now market have to go through many hurdles, white lines are the resistance that it have to cross. Major resistance at 2874 zone, as of now market is very sensitive. Lets not rush to buy any stock as in negative sentiments market or stocks dont perform very well. Over all as of now market is in a no trade zone lets wait for a breakout!!
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No Sign Of ReliefMarket is going down day by day and no sign of relief at support levels. Its approaching a important support zone that is around 2800 level lets see if it bounce and move up else will go down around 2740 level if this is broken market will change it direction to a down trend which i hope doesnt happen. For now market is under pressure and needs a positive catalyst to move up. One of the reason why market is under pressure is because of the Adnoc IPO. Lets see next week Adnoc will be open for the trading also Dubai Expo 2020 will start with a bang!!!
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Dubai Expo 2020 Around The CornerWatch out the video :) Hit like & follow to show your support !!!!!!
Dubai Expo 2020 Effect With Dubai Expo around the corner I think market will rebound very quickly after the panic selling seen for the last 2 days due to real estate company in China on the brink to collapse, its effect is seen all over the markets. Dubai Stock Market is still over all bullish and will react positive if world markets hold and recover. Support 1, 2 & 3 are broken already but I am very positive 2800 zone will help and hold the market.
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Which Way?After a nice bull run market is been retracing for more than a month now, interestingly 2740 level is so far holding as support. We can see a bullish divergence and marking in a range for the last 1 week. Market is consolidating in the BOX if the break is to the upside which i am expecting then we can see it touch the swing high again but if it breaks downside more panic sell will trigger in the market. Over all market is very think and in a range I expect a big move very soon.
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DFGMGI on the Edge
In the previous chart, we expected the indicator to go down to the main trend line, and then there are possibilities of a reversal to the resistance line 2870, but we should not forget that there is also a possibility of breaking the main trend line, even if by a small percentage.
On the other hand, in this 15-minute chart, there is a possibility of a minor rebound to a resistance line after breaking the upper channel line within the continuous descending waves to the main trend line.
have a good day.
DFM INDEX - 1D - DFMGIWe Need Profitable Deals Not a Lot Of Analyste And Indicators
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DFMGI Dubai indexIn these rebound areas, it is preferable to wait until see the direction and scenarios are known as follows:
- trend broken at point 2700 with the exit of a full candle, then retest the trend line to see if this break is real or false.
- bounce from the point 2750 to complete the uptrend
I repeat, better wait in these areas.
Need Bull PowerMarket is still in a strong uptrend, after hitting the resistance of 2880 its been holding in the same area and now forming a peanant kind of pattern. If it goes down from here we have strong support at 2840 area so its stuck in a range. Lets see coming week how it performs, in my opinion it will break to the upside very soon as we are not approaching expo 2020 real estate sector will be the major contributor.
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More BullsMarket is climbing up very nicely, strong support at 2840 area now and it have closed with a nice green candle. More upside expected i think we will see 3000 very soon.
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Bearish Divergence??Today market tried to push up but could not and have closed in a doji candle RSI is moving down where are the market is slightly up, it can be a bearish divergence still the trend is bullish!! 3000 soon:)
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Still Very BullishDubai stock market have been performing very good and in a strong up trend, we can see correction happening for the last few days support around 2880 area and a stronger support at 2730. Very soon we will see 3000!!
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Nice Bull Run!!!During the month of Ramadan market didnt make any major moves but it have maintained the uptrend which is very good. Yes thin volumes in the market as many big players dont trade in Ramadan, market is breaking the resistance areas and making highs next strong resistance is at 2725 area i am sure market will not break it in one go it will come back for a correction/retracement and then it will break the resistance to make a new high. Market is very buyllish for now !!!
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Good MoveDubai stock market have picked up a nice pace to the upside. strong resistance of 2630 is broken but i am pretty sure it will come back for a retest very soon and then resume the uptrend. After this the next hurdle is 2695 which is again a strong resistance area. As of now looks very bullsih!!
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More UP or Hold?We can see a good breakout and a retest in yesterdays session, US market closed in red yesterday! IMF have doubled the forecast for UAE economy which is positive i think market should react positively. Looks bullish for now.
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Good MoveAfter so many day although market is trading with thin volumes but today we can see a big green candle after a series of indecisive candles. We can take this as confirmation that buyers are getting ready and now interested in current prices to buy the stocks. I expect more upside this week. Yes the bearish head and shoulder is now not active.
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Still the same :(Very thin volume in the market i guess today was the worst in terms of over all volume, todays total trades 1005 only!! no different in the pattern market is still at the high risk of going further down. Bulls need to show some power and save the market. Where did the big boys go???
Very bearish as of now :(
Potential Bearish Head & Shoulder PatternDubai Stock Market is at a very crucial support level, if this level breaks to the down side market will slide down to 2300 Levels this will be plan B. If the market holds at this important support level and moves to the upside there are good chances that we may see 2800 levels again. So far the market is very bearish and on a free fall!! We should stay away from the market till we see a confirmed trend to the upside.
Hit line & follow guys :)
DFMGI - Elliot wave of DFMGI (Dubai Index Stock Exchange)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 :
DFMGI - Elliot wave of DFMGI (Dubai Index Stock Exchange)
DFMGI (DFM) - Continue BullishHumbled, 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
DFMGI ( DFM ) - Continue Bullish
Where will it bounce?We can see after making a new high recently its now on a retracement, the question is where will it take a bounce or a U turn from??? Important support levels for the market are 2550 to 2570 and 2440 to 2470. It can take a bounce and resume the uptrend. Now the most important technical support is 2440 if the market closes below this level it will be a begining of a downtrend and it will damage the chart. So in order to stay bullish market should keep trading above 2440 levels. So far its in a uptrend!!
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Covid Covid CovidMarket is still in a uptrend but due to increasing cases of Covid and new restrictions traders are very sensitive and scared. Market is in a correction or a ranging mode as of now in between support and resistance this is NO trading zone for now. Lets wait for a breakout and enter the trade accordingly. With the positive news about citizenship to the expats and listing of public companies in the exchange market mite take it positively but the fear of corona is more!! I am still on bullish side.
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