Damac - Dubai Financial Properties - Stock - Crazy Bullish
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KEY NOTE - SPECULATIVE SETUP - not a financial advise - do your own analysis
Please use STOP LOSS and don’t risk more then 1% or maximum 2% of your total account
⏳ 1 weak - Chart analysis
THE PATTERN IS STILL IN PROCESS
Healthy Correction to buy to dips
Events taking place -
± 50SMA crossing the 200 sea suggest the bullish trend
±Created an another support zone between 1.10 to 1.20 can be a good buy area
± another good zone can be between .900
± Long term target can be set at 2.86 to 3.00
± for current month quick profit 1.50 to 1.55 can be achieved in the first few weak of jan it self
± Market will react and might retrace on each resistance zone
± HAPPY TRADING
DFM
Crossed the LineIt have crossed the line of resistance and next target is around 200day ema that is around 0.290 technically still its in a down trend but trying to make some prices action to show some bullishness. It have to cross and close above the 200day ema that is dynamic resistance as of now. A closing above 0,290 will be very bullish and more upside will be expected. Good for intraday trade!!
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Good for buyIt is a good stock and in a uptrend its good for a buy the reason is its right at the resistance level but at the same time its consolidating and spending time at the same levels it is not coming down it means buyers are holding it and want to push the prices to the upside. Wait for the break out level that is around 0.935 levels and enter the trade with confidence. very bullish!!
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At crucial support levelMarket is at a very crucial level as of now, 2490 is very important support level if this breaks we can see weakness in the market a further fall towards 2457 levels. With negative news about covid 19 market is very thin and trading with low volumes. Tomorrow is first trading day of the new year 2021 lets see how the market performs. Over all the market is in a uptrend and bullish I am expecting it will bounce from the support and start moving to the upside.
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Will it Break?It have tested 0.313 so many times its a resistance level. When a particular level is tested again and again it becomes weaker and it can break easily. This level is been tested so many times and i think this time it will break and go past 0.313 yes its bullish for now but at a support level it should hold and not close below it.
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Good for buyDont miss this one grab it!!
Its in a nice uptrend and after hitting the resistance it have retraced a bit and now ready to go high. First target is small but very easy for trade that is around 0.866 but i would recommend to hold this trade till 0.896 very bullish!!
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Long Term InvestmentIf you are a long term investor this is one of the stock that will give you good profits as well as good dividends. Very bullish and upside expected.
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Bull RunMarket is in a bull trend in other words its in a storng uptrend. Next resistance level is around 2640 i think market will slowly move towards it. With positive news around covid 19 vaccine international markets are reacting positively and moving upwards. Dubai stock market is also moving up and more upside is expected.
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Good Price ActionIts been slow on this stock but recently it have made some nice moves to the upside and its bullish.Next target is good now the question is will it come back for a retest of keep moving north? i think it will come back for a rest and thn resume the uptrend. Over all bullish.
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Go Go GOStill continue with the same plan, its playing out very well. Very Bullish!!
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Still in nice UptrendVery good performance and its in a nice bull run. Its coming back for a retest and it can be a good buying chance again. Watch out for the support and resistance levels and trade accordingly. Bullish!!
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Correction Time?Market is on a bull run but no market or stock can keep moving in one direction there is always a push phase and then a correction phase. So a correction is soon expected which will be healthy for the market. Immediate support levels are 2500 next is 2480 Resistance is at 2570 over all market is very bullish and this will be the chance to buy the dips.
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Can see some weaknessEmaar is in a nice uptrend but in last 3 session we can see some weakness. As of now support level at 3.15 levels it come come down for a retest anytime and resume its uptrend. Next target would be aroun d 3,45b levels Over all bullish!!!
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Nice Bounce!!!A green candle right at support level is indication of good buying and confirmation. Its looking bullish now after it have taken a support from 0.260 levels. As of major resistance at around 0.280 first target should be around 0.313 and second major target should be around 0.343 levels over all now getting in action and starting to be bullish.
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Good For BuyA very good trade opportunity in Amanat it have crossed 200ema and now again it have come back to retest the levels. Green candle with a wick is indicating good support at the same levels and more upside expected. Very bullish!!
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Target Achieved If you are following my trade ideas this was a very good trade target got achieved at 0.888 as of now its again at the same resistance level if it gives a breakout there is good chance that it will touch 0.901 with a strong move. Keep this in your watch list. Over all bullish.
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Strong UptrendDubai Stock Market is in a nice and steady uptrend. Next solid technical resistance at 2475 levels and immediate support at 2400 which is a psychological support a strong level is at 2390. Over all trend in international market is bullish as the vaccine news is pushing the markets to the upside. After the long weekend lets see how the market reacts to the news. Over all bullish and more upside is expected.
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Next MoveAfter the reversal its now in a up trend and more upside expected on this stock. Next Resistance and target level is around 0.610 and immediate support level is 0.578
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Still Very BullishIts working out exactly as per the trade plan, still very bullish and more upside expected holding your positions for better profits. Next target is around 0.880
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UPP getting ready to start next bullish move expecting to see strength on UPP (DFM )
this move could be impulsive and can take this ticker from 0.24 to 0.45 then to 0.53
No PowerIt took a bounce from support level but no bull power its in a down trend as of now so we stay away from it. Never buy a stock if its in a down trend. We wait for a reversal and then we enter the trade when we see a bullish sign. TIll that time stalk this one.
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Approaching ResistanceIts at a strong resistance now, lets see if it can cross 0.805 to 0.810 also it concides with 200day ema with will make the resistance stronger as of now in no trading zone lets wait for a breakout and then we take the trade if it breaks to the upside till then keep stalking.
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Stick to the planStill its the same as per the trade plan if you have entered the trade hold on more upside expected. Keep a tight stop loss and stick to your trade plan.
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