Depending on the structure in high temporality but looking at the dollar index I would like to look for purchases up to the area indicated above, leave your operations simple
The 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.
Beautiful inverse head and shoulders Already broken the neckline, and backtested. Stay long stay strong
If 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...
Deyaar 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...
Emaar 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...
Its getting stronger fundamentally with Dubai real estate market booming its developers time to make money and Deyaar is playing out very well they have recently launched a project that was sold out and soon deliveries for other projects will start. With todays candle close and volumes i think it will continue its upside momentum. Buts lets not forget Dubai Taxi...
It could not survive or recover completely although its financial results were very promising. Good chances it can come down to retest 1.33 zone and then may be we can see a bounce. Very small volumes for now it this stock. Need market maker who can provide liquidity for this particular stock. Hit like & follow guys ;)
Where will this break? its been making very small moves, very small volumes, thin liquidity in this stock although the company is on a buy back program but still we are not seeing any significant moves in this stock. For now its under going a chart pattern it can break on either sides, lets not rush and wait for the breakout to decide on the trend. Hit like &...
The share of Dubai Financial Markets(DFM) went up in an impulse in March 2023 and then from July - oct end retraced 78% of the impulse. The share now completed a simple zig zag correction(ABC) and is all set to move towards AED 1.86 mark in coming few moths. Note*- this post is for educational purpose only
UPP 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...
For now dfmgi is under selling pressure, we cannot see a defined trend to the upside. This can be a short recovery dont trust the move for now. Let it make a positive price action to get onboard. Any negative news and market goes crazy. So if you are buying anything quick entry and exit that too with small quantities. Hit like & follow guys ;)
Trend Fundamentally this stock is getting stronger and with new projects deyaar is gaining momentum. Unfortunately for now its under selling pressure but its at a very good support area. Immediate resistance for now stands at 0.695 and then 0.705 area. Once the resistance zone is taken out with good volumes i think sellers will be weak and will not try to short...
Trend This stocks usually moves slow with thin volumes, since its dividend time many investors would like to take position. For now its stuck between support & resistance zone. I think near dividend date there are good chances it can break to the upside. For now wait for the breakout of the resistance that is between 2.57-2.60 zone with good volumes. Hit like...
Trend For now upp is still on a up trend but we are seeing its under selling pressure 12th July 2023. Support area is at 0.390 area and its been holding good so far. Its been retesting the same area again and again hopefully it will hold it and push the price up. Negative Scenario If the current level is not holding then most likely we will see it coming down...
Dear Emirati Traders, I'm sharing with you this analysis on BOROUGE, as you can see on the chart the price is preparing to come down since July, once you get the confirmation you get in the market, if not don't sell.
Dear Emirati traders, as you can notice on the chart the market just made a pullback on the support level, to buy it you must wait for a confirmation of the pullback then you ride the trend. The comment secion is all yours for further questions!
Overall Trend DFMGI is in a strong uptrend, as we see on the chart it have hit the resistance area of 4100 that is psychological and technical resistance. Its been going side ways for about 2 weeks not this is a good indication that bulls are still defending the support zone. Breakout Coming week which will be very crucial as more data will be coming out...