A very heavy weighted stock in Dubai Stock Market, after the dividends its very normal for the price to drop. But the most important thing after the drop is to sustain and bounce back again showing the strength in that company & stock. We are seeing similar kind of reaction from the market its trying to bounce back I think we should wait for a breakout of the...
If you have seen my previous analysis on EmiratesNBD I had mentioned its stuck within a range for months, 14.25 was the resistance/upper range. It have come back to retest but we can see a huge Red candle with much of selling pressure this looks bit scary although I think buyers will tomorrow try to protect this level so that it does not go back into the RANGE...
For now its in the middle of the range, for many months and days. I would recommend it to buy at support and sell at resistance. Yes its in a uptrend for now. Lets wait and watch.
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Very strong stock also heavy weighted stock. Its at a resistance which is weak and its ready for breakout. If you buying this watch out the target levels on the chart. Sure Bullish!!
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The market can't break the support two times / and he breaks two times the resistance of the market
that means the market will continue to up and follow the trend
