After an impulsive move to the down side price is moving upwards in a corrective channel. I notice potential double top also that channel is losing the bullish momentum hence we will go short if price manages to break out of the channel.
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
Banking sector was performing good but currently under pressure. Well there are scenarios as DIB is right at the strong support level if 4.90 hold we can expect a rebound for that to happen it should first break the trendline to give us some confirmation. If the support is broken that is around 4.90 we can see some sharp selling till 4.75 levels. As of now its...
Over all market is weaker, Emaar is also not performing although real estate sector have been performing well and have picked up ahead of expo2020. Its are a support zone now lets hope to see some buying pressure around this area. Hit like & Support guys ;)
Market is going down day by day and no sign of relief at support levels. Its approaching a important support zone that is around 2800 level lets see if it bounce and move up else will go down around 2740 level if this is broken market will change it direction to a down trend which i hope doesnt happen. For now market is under pressure and needs a positive catalyst...
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. Hit like and...
Deyaar after hitting the resistance around 0.340 made a bearish pattern - double tops, also we can see another patter that is bearish too M pattern. As of now its in a NO trading zone, most likely we should see a retest of 0.30 area. Also there is a gap that market created last week so market can also try to fill up that gap which will now act as resistance. Hit...
Last week was not very good for Emaar Properties, selling pressure was seen almost through out the week. With important support level broken its looking weaker. Immediate support is at 4.05 and resistance is now at 4.15 we can see 2 possible scenarios from here, First it may come down to retest a strong support at 4.00 or it moves updates from the last closing....
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A very high weighted stock like Emaar is under pressure and is pushing down the whole real estate sector. International markets are surely getting the negative effect from the Chinese real estate company that is almost about to collapse. With some recovery seen in the international markets today lets hope to see some stability in Dubai Stock Market as well. Emaar...
With Dubai Expo around the corner I think market will rebound very quickly after the panic selling seen for the last 2 days due to real estate company in China on the brink to collapse, its effect is seen all over the markets. Dubai Stock Market is still over all bullish and will react positive if world markets hold and recover. Support 1, 2 & 3 are broken already...
Buy at 32 to 33 selling : 39 - 40 stoploss : 29.5
the market will go down to get its power back after hitting the resistance of 4.26
Expecting UPP to start the next bull move very soon as this current consolidation is broken to upside
On the weekly chart, it became clear that Shuaa’s stock is targeting 1 dirham in the very near future. It has nothing in front of it except the resistance level at 077. Once it breaks it, the path will be clear to 1.0. have a good day
DFM:AMANAT is targeting 1, 1.05 and 1.11, stop loss is around 0.74 Hit the like button please if you find this useful :) This is only my own view and not a financial advice, do your own analysis before buying or selling Happy Trading!
The stock is still in the process of rising in a continuous upward channel since March 2020, and every time it achieves a higher point, but it started to become lazy as it approached its price that it was before the outbreak of the virus, so it may enter a consolidation area. I hope it will come out quickly and the boundaries of this area are between the two lines...
After a nice bull run market is been retracing for more than a month now, interestingly 2740 level is so far holding as support. We can see a bullish divergence and marking in a range for the last 1 week. Market is consolidating in the BOX if the break is to the upside which i am expecting then we can see it touch the swing high again but if it breaks downside...