If you are a regular reader of my blogs you must have surely read my last analysis on Dubai Stock Market Index. Market is making new levels every week attracting international & local investors. Blue chip stocks like EmiratesNBD, Emaar Properties, Dubai Islamic Bank are in a strong uptrend and ready to go more higher. As of today 02/04/2022 Dubai Financial Market...
Good price action is seen, weekly closing is bullish but a strong resistance is at 2.40 previously it attempted to cross at least 3 times but was not successful. With positive market sentiments in the market I think there are good chances of it crossing and retesting the upper resistance of 2.70 Hit like & follow guys ;)
I was very positive on DIC to breakout the pattern on the higher side but after the news about Russia & Ukraine broke out its getting weaker. It could not climb up to the resistance level and close. For now we are seeing it got rejected twice in a row. 2 scenarios from here, first it may take hold and start climbing from here to break the resistance and go higher,...
After the financial results its been flying high in the clouds, next resistance is at 1.69 zone. There are good chances it take some rest right above the resistance area and then move to the upside. Over all very bullish and in a strong up momentum. hit like & follow guys ;)
It tried a lot to close above 1.30 recently but could not although the company is still buying back it shares but we are not seeing many people buy this stock. Only hope for now is the financial results which will be declared very soon sure the company is fundamentally very strong but need some mind blowing results to take this stock to the moon, I am still...