Dubai Financial Market - Weekend Review
Not a very powerful week in terms on movement we only had 2 days of green candle and 3 days in red infact we closed in red too. Lets analyze, market took support at very important area of 2050 and bounced back and it made a high of 2100 it tried to break it but found resistance and it retraced back to 2072 and again it found support in this area which is marked in the chart and bounced from there made a closed at 2082 printing a hammer like doji candle indicating bull pressure and good support. Market is in side was as of now after breaking the upside trend line. The range as of now is 2050 to 2120 area.
Market should resume its upside coming week crossing 2100 level soon. Lets wait and stalk how does the market perform this coming week sure many opportunities spotted last week and we will get more opportunities coming week too. I am bullish till its above 2050 levels. Happy weekend
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Market should resume its upside coming week crossing 2100 level soon. Lets wait and stalk how does the market perform this coming week sure many opportunities spotted last week and we will get more opportunities coming week too. I am bullish till its above 2050 levels. Happy weekend
Hit like & follow if you like my analysis.
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