EMAAR - Dubai Financial Market

Updated
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***This is not a financial advise***

Emaar is on its way to fly high - and not thinking of looking back, It has broken the channel two time and got the rejection.

On the third time with the double bottom, it might break all the resistance coming on its way.

Additionally, it has also started trading as derivatives on the DFM, so buy and sell game will start

Stocks holder - keep an eye for long term and the target of AED 8 is easy to attain with in 5 years of time, short term, please stay away as it will jump and retrace quickly due to derivatives pressure initially


Overall, This is the heavy weight share on DFM,


Chart was prepared on request from Mr. Omar
Trade active
Going well as projected, near to its first TP 1
Trade active
TP 1 - triggered
Chart PatternsDFMDFMGIDouble Top or BottomdubaifinancialdubaiforexgroupdubaiforextradingdubaistockdubaistockmarketTrend Analysis

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