Empower is ready to fly Empower is entered into bullish zone and it will rise again.
Note: this is not a buy sell call. Use stop loss too.
Dfmmarket
Deyaar Development has a potential of 40% upside!Deyaar is one of the largest developers in Dubai. Its real estate ventures include major growth corridors and prime locations, including Business Bay, Dubai Marina, Al Barsha, DIFC, Jumeirah Lake Towers, Dubai Production City, Dubai Silicon Oasis, Al Barsha South and Al Barsha Heights.
The stock of this company had a breakout from an important horizontal level of AED 0.65 on Monday's trading session. Speaking of the Elliot wave structure of the stock, the company looks to be going into a major bull run as the the latest leg to the upside is supposedly just the wave iii of III of 3(ignore the marking and labeling if you don't follow Elliot waves, just know that the stock can turn into a multi-bagger in future with those kinds of waves unfolding and yet to unfold.)
To talk about the target for the ongoing wave alone, AED 0.95 is the projected target zone for the stock(40% upside from current levels).
As mentioned AED 0.65 was a crucial level for the stock and now the same level should be considered as a strong support for it.
Note*- This post is for educational purpose only. Please do your own analysis/research before taking ang trading/investing decisions.
Slow & SteadyTrend
This stocks usually moves slow with thin volumes, since its dividend time many investors would like to take position. For now its stuck between support & resistance zone. I think near dividend date there are good chances it can break to the upside.
For now wait for the breakout of the resistance that is between 2.57-2.60 zone with good volumes.
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Strong Bulls Trending
No doubt that emaar properties is in a strong uptrend, people are just buying at what ever price they can. There was also a news that emaar will pay higher dividends.
Fundamentals
Real estate market is booking in Dubai and with prices going up companies revenue is also leaping many folds.
Retest
Those who have missed this beautiful rally to the upside now they are waiting for a correction including me to buy this stock. With the strong bulls around i think it can retest 38% FIB and resume its uptrend.
I think overall this stock will be very soon above 10.00 very good for long term holding too.
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Which Scenario ??Chart Pattern
Is it forming inverted cup and handle pattern (scary) if yes then buckle up! we ready to go south till about 0.550 zone. This scenario will change the trend and more down side can also be seen this will be scenario B
Pattern Failure
If this is a chart pattern failure then be ready for some big moves very soon and I think it will hit 0.8xx area very soon. But for this to happen deyaar has to close the price above 0.725 before breaking 0.660 so its a wait and watch game.
Early entry
However we can plan for a early bird entry as price is at support zone and target 0.760 area which will give us good RRR
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Will it breakout Coming week?Ajmanbank is looking interesting and ready to explode coming week most likely. Fridays volume is very impressive and I think if bulls can open with a small gap up in Mondays session I think it will break out and will cross 2.50 very soon. Over all Ajmanbank is bullish.
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Positive MoveAir Arabia is trending up, however its at a resistance area it it survives here then the next target is around 2.80 over all air arabia is positive.
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Both Can happenWell Al Ansari is disappointing for now we are not seeing any interesting moves since the time it got listed, how ever its trading in a range lets wait for a breakout. I hope that it breaks to the upside and starts a bull trend.
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Is it still positive or we going southMarket index after hitting 3600 zone is under pressure, watch out the video for better understsnding.
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Is it still good?Even though we saw a red candle close in Fridays session this stock is still bullish and has got potential to go higher from here. Any dip at the support is buying opportunity. Over all this stock is bullish!!!
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Continuation of fallIts been under pressure since it hit the peak of 6.00 and since then its been falling down. There is a hope of bottom formation at current levels but for now i think it will go down further to retest the support level and make a reversal from there. Till the time its below the downward trendline there is no hope of it turning into bullish!!
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Very Confusing DFM market index is under pressure. Last closing is also very tricky, there are good chances it can go down to retest the lower levels. For now we can only consider it to be bullish once we see a solid closing above 3400 zone.
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GO Salik !Resistance of 2.26 was broken earlier this was a early sign that bulls are coming. Todays closing is very positive and more upside is coming. Bullish!!
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Under PressureFor now its not looking very good as there are chances it can go further down. For now at a support level but it can hit the resistance as a bounce. Should be considered bullish ONLY when it closes above 6.00
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Dubai Stock Market IndexDubai Financial Market is still bullish and more upside is expected after a small correction. Any dip from now is a buying opportunity(shares) at the same time keep a close watch on FED's statement about its monetary policy which will effect financial markets over the globe.
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Bulls are still active!!Watch out the video if it is helpful hit like and follow for more updates :)
Bulls are hereDubai stock exchange is clearly on a bull run its very good time to invest yes its bit slow for now but i am sure it will soon out perform adx. For now it have taken a bounce from the support zone and ready to fly here. Catch this one!!
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where will be the breakoutYes over all its very positive but now going side ways even i am holding this trade for about 4 days now. They will soon announce financial results and hopefully it will be positive. I am waiting for my target!!
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Will it cross 5000 pointsIf you are a regular reader of my blogs you must have surely read my last analysis on Dubai Stock Market Index. Market is making new levels every week attracting international & local investors. Blue chip stocks like EmiratesNBD, Emaar Properties, Dubai Islamic Bank are in a strong uptrend and ready to go more higher. As of today 02/04/2022 Dubai Financial Market General Index is at 3536.65 and to add cherry on top by 12/04/2022 Dewa will be listed for trading. More weightage will be added to DFM Index it means more liquidity will be entering the market which is very positive.
I think DFMGI will soon be at 5000 points. Good time to invest in Dubai Stock Market
Bullish MomentumGood price action is seen, weekly closing is bullish but a strong resistance is at 2.40 previously it attempted to cross at least 3 times but was not successful. With positive market sentiments in the market I think there are good chances of it crossing and retesting the upper resistance of 2.70
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Pattern Failure!! I was very positive on DIC to breakout the pattern on the higher side but after the news about Russia & Ukraine broke out its getting weaker. It could not climb up to the resistance level and close. For now we are seeing it got rejected twice in a row. 2 scenarios from here, first it may take hold and start climbing from here to break the resistance and go higher, second it may come down to retest 1.20 zone and try again to breakout. Overall its still in a uptrend.
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Its FlyingAfter the financial results its been flying high in the clouds, next resistance is at 1.69 zone. There are good chances it take some rest right above the resistance area and then move to the upside. Over all very bullish and in a strong up momentum.
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