following previous ideas on Emaar technically speaking Emaar is falling to 4 AED , which is lower prices then 2016 low 4.25 , the current price market has shown a form of rejection to close below 3.90 on daily TF , expecting an increase to 5 then next 7 , 9 , and looking to ultimately take a target of 12.
This could be the bottom for GGICO. if it breaks further down where it currently is at 19-20 fils, it could drop to 0.14 and bounce from there, but in terms of Risk to Reward this looks like a pretty good place for value investing. Keep in mind though, if GGICO drops further there is a possibility that it could get de-listed.
Real estate index looking very strong A & E measured move target once past blue resistance line, fireworks!
Heavily Oversold Daily Bullish divergence New CEO - Yousef Al Mulla appointed Should bounce with Real Estate Index looking very strong with clear bullish divergence
Strong bullish divergence on weekly Long term support level
The Real Estate Sector of Dubai's Financial Market is 46% of the whole market -Long term support -Bullish Divergence ~ Weekly timeframe
EXPECTING A LONG MOVE ON EMAAR PROPERTIES STOCK PRICE LOOKING FOR LONG TERM TARGETS AROUND 9
The stock is believed to be forming a bottom at current levels. Trading strategy would be buying at current market prices and wait for 0.45 level as first target, then breaking this level would give us the green light to target 0.55 then 0.60 on mid-term.