I can see a slow moving down , expecting a move up soon
this is a weekly chart , so any trade executed shall be longer term
no trade calls in here, i'm posting my personal view for educational and recording purpose
expecting to see a continuation of price to fall near 0.81 which will be 786 on fib level , and from there expecting the price to start show some strength and might be breaking the weekly correction , this weekly correction can be a good chance to hold this share for good profit.
according to charts , damac is reaching new low , looking to get an entry before end of april 2019 from price of 1 or lower .
price of IPO was 1
if price is reached to 1 before end of April 2019 , will be nice area to buy as dividends of 2017 was 0.15 for each share
following previous ideas on Emaar
technically speaking Emaar is falling to 4 AED , which is lower prices then 2016 low 4.25 ,
the current price market has shown a form of rejection to close below 3.90 on daily TF ,
expecting an increase to 5 then next 7 , 9 , and looking to ultimately take a target of 12.
after today's fall of Facebook stock
and as the chart is possibly showing upside movement of snapchat
we could be witnessing a fall of a stock and a rise of another ( reminds me of the book : good to great )