Nice start of the week with solid green candle saying it wants to go more up, RSI confirming the short term up trend as it has entered the BULL area now after retracing 50% from the last low. However it will be soon tested with 50 EMA. Check out the chart for the immediate resistance.
My Stock Picks for the week
DFM
ARAMEX
DAMAC
AIR ARABIA
DEYAAR
HAPPY TRADING ;)
My Stock Picks for the week
DFM
ARAMEX
DAMAC
AIR ARABIA
DEYAAR
HAPPY TRADING ;)
Comment:
As expected marketing is moving upwards and it took out 1975 with a nice push, also as expected 2000 will be a tuff nut to crack it did try to break upside but was not successful. However the index is in bull area and should close above 2000 tomorrow or in this week. I am surely bullish!
Comment:
Support becomes resistance, resistance becomes support. It was moving around 2000 area for most of the time today making it as a base. It is still not yet decided if we are going up from here as it printed a doji candle today which is not indecisive. Lets wait for tomorrows session for clear picture. Happy Trading!
Comment:
Get ready for some wild bull action today...35 mins to open !!