Emaar properties showed good strength after releasing its financial results. Investors are happy with the quarterly results and we can see the smiles on the chart. Emaar is in a strong uptrend no doubt, it broke the resistance of 7.57 it has hit our targets and now its heading for 8.45
Real estate is booming in Dubai and Emaar is the biggest developer in the...
Emaar Properties has released a positive news with the real estate booming in the UAE property prices are climbing up in other words fundamentally Emaar is getting strong day by day. We will surely see its reflection in the stock price too. With the last Green candle we are seeing buyers garbing this stocks I am expecting a continuation to the upside.
Watchout...
Emaar Just zoomed today in early session but could not sustain the gains and closed red. Strong resistance at 6.40 for now. I think it would be better if it spends some time near the resistance and gather a new momentum for a breakout that should sustain. Overall still bullish!!
Hit like & follow guys ;)
After the news Emaar have jumped but its not able to sustain the gains, it can make a violent move to the downside with a gap down expected tomorrow. If you have entered at lower levels its good time to book profit. Else wait for a bullish price action at support level. Over all trend is still intact to the upside.
Hit like & follow guys ;)
Its been under pressure even after positive financial results, I think it will come down to retest the support level again. Do not rush to buy this one and get trapped. Wait for a confirmation of bullish price action. For now its in a NO trading zone.
Hit like & follow guys ;)
