If we talk about the over all trend of Union Properties upp then its still in a downtrend thanks to the positive news they released in Thursdays session investor got excited about this news and bought this stock like crazy. It has hit the resistance zone that is at 0.330 we saw some selling coming it. If it can sustain above 0.310 and establish a base this will be...
UPP is been under tremendous selling pressure, for now its just taking some support at crucial demand zone that is around 0.310 zone. Still this can be very risky it can break this support area to go lower to make a new lower low.
As most of the stocks in Dubai Financial Market are under selling pressure today we saw some buying coming in but this can be a short...
Trend
No doubt for now upp is under pressure and we are not seeing any buying pressure. People are waiting for the news to get a clear direction. If there is any positive news coming out from upp this stock will fly and it will go past 0.50 very quickly.
If you are holding this stock for now its in a chart pattern and at the support zone. If it breaks then it...
Well we all know fundamentally this stock is not very strong, but technically it have showed us a buy signal today. Looks good for intraday trade, a quick entry and exit is recommended.
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The only way i can see is down, with company in scandle and negative news around it i dont trust this stock at all. Even if it breaks the resistance i would not prefer buying it till it comes out clean. Stay away!!!
Price is trapped in a box this is also a rectangle chart pattern, we have to wait for a breakout. For now it looks like it will break to the down side this is scary!!! stay away from UPP and keep STALKING!!
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Its also in a no trading zone, even a good news last week could not hold this stock. Selling pressure is seen on all the stocks after the panic sell at the beginning of the week. As of now its in a no trading zone, let it break the resistance to enter the trade. As of now looking bearish, a good bounce from the support area around 0.285 is expected.
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I see a nice bullish candlestick pattern right at the support level. Its been falling since so long but after the news it have shown some price action and on weekly chart we can see a bullish engulfing pattern. At this level the stop loss will be very tight and target is good too. Bullish for now
Entry Price : 0.260 - 0.267
Stop Loss : 0.257
Target : 0.298
Risk...
UPP is at very crucial support level lets see if it can hold, it it bounces from here the next resistance level is 0.285 once it crosses and closes above 0.290 we can say now its starting a new trend and it will be a good time to enter the trade. Till then we keep stalking. Bearish as of now.
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I am holding this one since so long i expect a breakout to the upside as its in a symmetrical triangle pattern and its approaching a strong support level near ema and also that trend line so we may see it will hold the price and it will range within the triangle till it breaksout. Pattern break outs are always big and if the breakout is to the upside we can make...
It was in a peannant pattern and it broke to the down side as expected and gave a big move. Its now at support level i want to enter this trade but will hold till it finds support and bounces off. I will wait now till it crosses .3 as it have become resistnace level. Till than stalk this one.
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It broke to the down side and mostly like to more down to see it will come to retest 0.30 very soon. So far no trade lets wait till it touches 0.30 and take a bounce. We buy at the support and sell at resistance keep it simple.
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Its making a pennant pattern and it will breakout either tomorrow or on thursday mostly. There are good chances that it may break to the down side as its been under pressure and is not able to cross the strong resistance line. No trades yet! lets see how it performs in coming days and if it breaks to the upside sure bulls will jump and buy this one. Till thn just...
Still going with the same plan if it wants to change the momentum it have to first come within the range and thn give a breakout to the upside. As of now its bearish.
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