the market go down the market will go down to get its power back after hitting the resistance of 4.26
Trade ideas
EMAAR DUBAI UP OR DOWN?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 drawn on the chart
EMAAR - Buy OpportunityNote : If you have any questions, feel free to send me message
Greetings
Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, feel free to send us message (inbox).
Pra Trading :
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position and do not do nothing if u see opportunity
- Evaluate and upgrade your trading plan
Execution Strategy :
- Know what you want to buy, see the Fundamental
- Decide that you are on investing or speculating
- Consider what your strategy based on Investing/Speculating
- Make Road Map Of Your Trading Plan
- Decide
a. Entry strategy
b. Cut loss
c. Target of Profit
Post Trading :
a. Do not be sad if you loss or do not be very happy if you win
b. Just become a normal without emotion, Do not put emotion into your trading
c. Evaluate your trading
d. Keep on Learning
e. Be Humble
Idea :
EMAAR - Buy Opportunity
Good PerformanceIt made a good run to the upside very bullish and after the breakout of bullish pattern it made a new high. We can see a bearish candle in last trading session it can come down for a retest. However if it wants to go more high we should see a bullish candle tomorrow as a confirmation. Over all in a uptrend.
Hit like & follow guys ;)
Emaar out of the descending channelAs we spoke before the weekly charts shows that EMAAR preparing to break up the descending channel and it did , so now we waiting to reach the resistance line on 4.21 which will give a chance to go the next target around 5.55.
we need high volum upper than 4.21
sometimes it happend that the price reverse to the support line which will be on the edge of the channel on 3.75
so no buy before 4.21
thats it !
Uptrend Still IntactThose who are thinking emaar have started downtrend are wrong!! its still in a uptrend yes it have broken the support level today but its approaching a major support area. I am very positive it will bounce near the strong support area. Bullish
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Emaar TryingEmaar trying to break the JAN/2021 Highest point then will decide to hit the upper line of six years descending channel
this is only analysis not a recommendation .
EMAAR needs to correct its priceAs you see the chart above, I think EMAAR due to one scenario is within a regular flat correction. Wave A and B are completed and wave C which is a downward wave is going to start. So be carefull!
Then wave 5 will be started (a upward wave and with a good profit maybe).
Bullish!!Emaar made good moves last week after consolidating in tight range. It have broken the resistance as well nice entry if you have already bought it if you have missed this one wait for a pull back and take the entry. Looks bullish now!!
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Did it Break?I am still not confident as the breakout candle is very weak, i would like to see the strong decisive candle to enter the trade. If this resistance is broken let it retest with a bullish candle to confirm the buy!!! Keep this in your watchlist to act fast.
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No Change I was expecting a bounce in todays session unfortunately Emaar didnt perform at all and we see a closing in RED. Bearish and at a crucial support level. Lets see if it can break or hold here.
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Still With the Same IdeaIt looks like emaar is playing out as per the plan, can you see doji right at support? is it time to buy? No !! wait for a confirmation candle and price action to confirm the uptrend and then go for it. For now wait and watch game.
Hit like & follow guys ;)
EMAAR (DFM) - Prepare to BullishHumbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market.
If you have any questions, do not be hesitant to send us message (inbox). Again, We have also provide signal recommendation with detail instruction
EMAAR (DFM) - Prepare to Bullish
Let It Come Down!! Most of the stock in dubai stock market are coming back for a retest which is a good buying opportunity. Emaar is coming down for a retest at a important level and we can by this stock if we had previously missed the breakout. Check out the trade plan below
Entry : 3.60 to 3.64
Stop Loss : 3.50
Target : 4.15
Risk/Reward : 4.45
2 ScenariosEmaar is developing a bullish candlestick pattern if tomorrow it opens positive and closes green this is scenario 1 else we go down to strong support area near 3.65 levels. Over all in a uptrend but due to covid market is pushing down.
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Good ConfirmationA nice pin bar right at the support indicating buyers are activated in that area and pushing the price upside also today with a solid green candle we can have a confirmation that new or fresh buying have started after the profit booking. Over all very bullish!!!
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Nice MoveEmaar made a nice bullish run and it crossed a strong and psychologial resistance of 4.00 and now its holding it at the same levels to make another big move. Next resistance is around 4.13 it order to continue the bullish momentum emaar should hold at 4.00 levels over all bullish !!
Hit like & follow guys !!
Emaar Properties is showing bullish price actionDFM:EMAAR broke out supported by a bullish cross over between the 200 SMA and 50 SMA. Any pullback towards 3.26 or if the pullback extends toward 3.06 is considered a buying opportunity.
Short term targets with anticipated price action are shown on the chart.
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!
Decide Please!!Emaar is stuck as of now and is not tradeable its strong support is at around 3.51 area now if we want to trade this we want to see it touching the support line and making a bullish candle if not then we go further down. Yes its in a uptrend as of now but very tricky to trade we need one more candle closing to decide and enter the trade.
Hit like & follow guys ;)
