New entry in Abu Dhabi Securities Exchange is Investcorp Captial. It opened at 2.30 and its been hanging around the same price level which is good looks like its just establishing support for now. Good chances it can break higher from current levels. But at the same time lets not forget Dubai Taxi Company IPO will be starting from tomorrow and its a huge IPO so we...
Trend Its still in a uptrend but for now its bit extended so a correction is due on this recent rally to the up side. For the last 3 days we are seeing Doji candles at the same place I think it will make a big move very soon. Support & Resistance For now next support is around 1.10 zone and resistance is at 1.15 area. I will wait for it to close above 20 day...
Trend Overall trend is still intact, qholding is still in a uptrend. But for now its looking very scary its been going side ways for so many days and I think this week it will breakdown (big Move) Since its been just ranging which obviously market does not like. Break out Which ever way it breaks out the move will be bigger, if it breaks down those holding...
Trend It have started fresh trend, price is right near 200 day EMA once it clear sky is the limit. But for now 24.00 is a hurdle. If it comes down to retest 22.35 i would consider this as buying opportunity. Volumes are now increasing on daily basis looks like people are jumping in. Hit like & follow guys ;)
Trend Its been just going side was for ages now, once it breaks 3.46 and closes above with good volumes thats when we can have a trend confirmation. With last weeks closing its looking weak. Breakout Once we see a confirmed breakout that's when we can plan out buys for now its in a no trading zone it can retest support 1 and support 2 area. Also the have...
Trend Multiply is on a strong uptrend and I think it will take a small break before breaking the next hurdle. Either it can come down to retest the immediate support or it will continue to go up from current level. Weekly closing is very bullish and i am expecting a continuation of this trend to the upside. Targets I think next resistance area is around...
We saw some crazy moves in qholding , for now its taking a pause right near the strong resistance area. Last closing is not very promising we can see some sellers coming out of the bush in some volumes. At this point of time we need angry bulls to jump in are defend the territory. Price is above 200 EMA giving us good indication its in a uptrend. But now...
Fantastic performance by Rak Properties last week, over all bulls are very aggressive and without any mercy. Bears are not seeing till the end of the ocean for now. We saw huge volumes in this stock and it was top traded stock in Fridays session. I think this rally is here to stay and dip is buying opportunity for now. Real Estate Boom With the real estate...
Abu Dhabi Securities Exchange is at crucial support area, it have broken the trend line which is a sign of weakness but still the up trend is intact. We need more bulls to get activated at current levels to push the market index higher. Scenario One Either market can retrace 50% of Fib level to see a rejection and come down to make lower low, this will...
Its a stock that not traded with big volumes for now, kind of volatile with thin volumes. I think it has consolidated for so many days now also it have broken the resistance of 3.30 area most likely we will see 3.45 very soon. Hit like & follow guys ;)
Presight is also one of the positive stock in Abu Dhabi Stock Market, with todays volume and candle we can say that bulls have got activated. Now we want to see continuation from here. I think it will make a good move this week. Hit like & follow guys ;)
Invictus is in a strong established downtrend, for now i am seeing some signs of bull joining in at current levels but still its too early to conclude. It should break the immediate resistance first and then the long term trendline that is acting as a resistance. Once the above is done we can say invictus is now in bulls territory, for now put this stock in...
Still positive about this stock, since its just at the support level. I think buyers are just waiting for catalyst and unfortunately last week was all negative. Hit like & follow guys ;)
After the big announcement of dividends we saw a breakout as i had mentioned earlier but looks like it was a fake breakout!! it could not sustain the gains and todays closing is negative. Next support area is around 3.75 lets see how it performs coming week. On the other side I think it will soon give us buying opportunity so lets "stalk" this stock. Hit like &...
Its on a sell spree and talkin the market along with it. Hopefully we see a reversal soon. For now its looking bearish!! Hit like & follow guys ;)
Its been trading in the lower range for so many weeks now, today was a good day with higher volumes for Manazel. Its in a bullish chart pattern and hopefully if market is positive tomorrow most likely it will breakout to the upside. Today it failed to hold the gains but still looks positive. It should not open with a big gap down else it will turn into negative....
It has made a bullish breakout finally, we can expect a retest if overall market is negative tomorrow. But overall bullish momentum have started from now. My next target is 0.510 Hit like & follow guys ;)
Over all market index is looking very promising and more upside is expected. Bulls are in the house!!! ! Hit like & follow guys ;)