Trend For now upp is still on a up trend but we are seeing its under selling pressure 12th July 2023. Support area is at 0.390 area and its been holding good so far. Its been retesting the same area again and again hopefully it will hold it and push the price up. Negative Scenario If the current level is not holding then most likely we will see it coming down...
Same same as TAQA in long term hidden positive divergence that appeared between the fourth wave and the second waves
The hidden positive divergence that appeared between the fourth wave and the second was in very favorable circumstances, which is that the fourth did not overlap with the first, and thus its main motive wave did not turn from impulse into a diagonal wave.
0.456 was the end of the first wave After that the stock descended in a second main wave as a sharp and deep zigzag ( now n C wave) whose target is around the 0.35 - 0.36 area after whitch the stock will ascend in the main third wave (we will determine its target after ensuring of the end of second wave) This analysis fails if only the 0.34 bottom is broken
The fourth wave is a sharp and deep zigzag corrective pattern.. The stock moves in its last wave C and exactly we can say in the third of C. after finishing this wave we will go up in a temporrary up wave 4 then go down in a final drop wave 5 , which is the end of C of the zigzag corrective pattern and the end of the fourth major.
Etisalat since listing Monthly chart Its current decline is a major fourth wave that overlapped with the first, which turned its overall rising cycle into a complex diagonal wave, the target of which is the fifth, which will have multiple possibilities. Important question: What is the analysis of the fourth wave and where it will be end? 👇
Dear Emirati Traders, I'm sharing with you this analysis on BOROUGE, as you can see on the chart the price is preparing to come down since July, once you get the confirmation you get in the market, if not don't sell.
Dear Emirati traders, as you can notice on the chart the market just made a pullback on the support level, to buy it you must wait for a confirmation of the pullback then you ride the trend. The comment secion is all yours for further questions!
Dear Emirati Traders, you can see on the chart thet the price pulled back multiple times on the resistance level and couldn't break through it, there's a high probability that the market will head down towards the 7.70 level, to make sure of that you must wait for a confirmation of the pullback then you can sell. For further questions, don't hesitate to ask!
Dear Emirati Traders, it's been a while since I last posted about UAE Markets. On ADAVIATION, you can see that the price is heading down after pullingback twice on the sell zone and went around the resistance level we have at 7.88 before taking his way down to the level 0.5 of the pitchfork, as you can see on the chart, today the stock closed below the 0.5 level,...
ADX:EAND In this post, I am featuring a multi-year investment opportunity. An opportunity to make 100% return over 2 years. This idea is for my investment account. It is for growing money steadily over time for retirement. If you are looking for a trade, then this is probably too slow for you. Etisalat is a company whose sales are 10% of the UAE’s GDP....
We saw some crazy moves in qholding , for now its taking a pause right near the strong resistance area. Last closing is not very promising we can see some sellers coming out of the bush in some volumes. At this point of time we need angry bulls to jump in are defend the territory. Price is above 200 EMA giving us good indication its in a uptrend. But now...
For now multiply is looking very positive , after the strong move to the upside its correcting and i think its taking a breather before it makes another violent move tot he upside. If we look at the weekly chart it have broken the range already and now it seems like its just taking a pause above the support zone. Last three candles are bullish we can see buying...
Fantastic performance by Rak Properties last week, over all bulls are very aggressive and without any mercy. Bears are not seeing till the end of the ocean for now. We saw huge volumes in this stock and it was top traded stock in Fridays session. I think this rally is here to stay and dip is buying opportunity for now. Real Estate Boom With the real estate...