I'm not going to point out where price touches these lines as it really is simple to see that these levels have been used as both SUPPORT and RESISTANCE, how do people not spot these? Do they constantly walk around with eyes closed? or more likely with heads in phones on dating apps looking for there next sexual transmitted infection ;p
It is so simple but yet...
according to charts , damac is reaching new low , looking to get an entry before end of april 2019 from price of 1 or lower .
price of IPO was 1
if price is reached to 1 before end of April 2019 , will be nice area to buy as dividends of 2017 was 0.15 for each share
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.
After Looking At " Daily Chart Time Frames"
1.On 10th October 2018 There Was Rectangle Pattern Breakout .This Breakout is same on Weekly Chart 1214
That 1214 Is Strong Support Point For Gold
2.Recently on 13th Nov it traded one month low at 1196 So It Another Strongest Support
3.Looking at Fibonacci Level .38 any daily close above 1244 will be bullish...
CMT has been accumulating for long time now and should breakout in coming week.
open a position only after it breaksout.
Do share your opinion about my analysis and hit a like if you agree with my thoughts.