DU Earnings Play - Potential Uptrend after Q3 Profit RisesPrice has been in a strong bullish uptrend from late 2023 into mid-2025, respecting ascending trendlines and breaking out from multi-month accumulation zones.
It peaked aggressively near 11.25 AED, followed by a sharp corrective drop (likely Wave A of an Elliott correction).
Currently consolidating in a tight range, possibly forming a re-accumulation base.
Earnings Insights
Q3 Profit: AED 732.1M vs 719M YoY – a solid beat.
Q3 Revenue: AED 3.87B vs 3.59B YoY – steady growth.
CAPEX: AED 492M – indicates continued infrastructure investment.
Sentiment: bullish based on earnings
Breakout Potential: Bullish break from current consolidation could signal New impulse Wave upward.
🎯 Trade Setup
Entry: 9.19 AED (Breakout of consolidation range)
Stop Loss: 8.87 AED (Below demand zone)
Take Profits:
TP1 (1:1): 9.51
TP2 (2:1): 9.83
TP3 (3:1): 10.05
TP4–7: Up to 10.70 (full retrace)
Risk/Reward: Ranges from 1:1 to 7:1
Risk Management
Max Risk: 1–3% of total trading capital.
Trade Management
Consider moving Stop Loss to Break Even (BE) once TP1 (1:1) is hit.
Trail SL below higher lows if breakout confirms.
Scale out at each TP level or use 50/25/25 rule: 50% at TP1, 25% at TP2, 25% runners.
"Amateurs think about how much money they can make. Professionals think about how much money they could lose." – Jack Schwager
⚠️ Disclaimer
This analysis is for educational purposes only. It does not constitute financial advice. Always conduct your own due diligence and consult with a licensed financial advisor before making any investment decisions.
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