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Abudhabistockmarket

DON'T BUY ON ADNOCDRILLDear Emirati Traders, I'm sharing with you some of the stocks you can't buy for now since there are no clear entries and it will only come you with losses. As you can see on the chart, the price has just reached the Rejection Block this week and pulled back on it to give us a confirmation that the market will come down to our EQ level. If you're holding just close your positions and wait for the price to reach the level it will reverse. The comment secion is all yours for further info! Follow for more!
ADX:ADNOCDRILLShort
by YassineAnalysis
YOU CAN BUY ALPHADHABIDear Emirati Traders, If you're a Swing trader and you're looking for a trade to ride for the next month period, I got you one to take safely. As you can see on the chart, we took the trade based on the EQ of the last Bearish Move as a target since the market must fill that whole area before continuing to move Bearish. You can buy it and take the LQ Pool in consideration as a revarsal point. The comment section is all yours for further info! Follow for more!
ADX:ALPHADHABILong
by YassineAnalysis
Bulls are here to STAYAmericana performed very well after they released the news about distributing dividends. Investors got excited in Wednesday's session and bought it in big volumes. Best part is in Fridays session when volumes are usually low and people book profits we didn't see any deeps correction it just touched 3.22 and again buying pressure came in. For now Americana is still in a strong downtrend we cannot confirm a trend reversal just with one green candle spike. For now immediate resistance is at 3.35-3.40 zone once this is taken out then major resistance is at 4.10 coming week Americana will be in spotlight so lets see if its sustains or give up the gains. Hit like & follow guys ;)
ADX:AMRLong
by stalkstock
Taqa Probability No.1 (Bullish View)ADX:TAQA A clear impulse wave moving inside range as extended wave 3. Now wave 3 never be the shortest one in all three impulse wave ( Wave 1,3,5). As I observed wave 3 is shortest in price range than wave 1 as I highlighted with grey price range to measure length of wave 1 with wave 3. So, the probabilities are that wave 5 would be shorter than wave 3. How much it should be shorter than wave 3 I highlighted it with red price range which is length of wave 3. Possible target is 7.57/- and then stock will reverse.
ADX:TAQALong
by swaaapnil
2
Ready for the moveBurjeel has spent 3 days already at the current level its just taking a pause before it make a big move to the upside. Get ready for this one, if tomorrow it opens with a gap up there are good chances it will break the resistance of 2.90 and touch 3.00 very soon. On the other side if we see a gap down opening then it can come down to retest 2.80 area and we wait for buying opportunities in that area. Hopefully we see the first scenario happening. All the best. Hit like & follow guys ;)
ADX:BURJEELLong
by stalkstock
2
Do or DieTrend Multiply is at a very crucial support zone for now that is 3.95-4.00 if this support zone is broken then we can witness more selling pressure and it can retest 3.80 area. Over all trend is still uptrend. Bulls have to flex up and show some power. Targets Strong resistance at around 4.10 zone but since multiply has spend so much of time near this zone if we see buying pressure again then there is high probability that it will cross 4.20 with ease. Hit like & follow guys ;)
ADX:MULTIPLYLong
by stalkstock
Very Tricky Be CarefuulTrend Overall the trend is still positive but now its been consolidating at the top for so many days I hope its not a distribution phase of this trend. We are seeing some weakness from the bulls but still there is no confirmation yet. Chart Patterns Well we can see a consolidation happening within a tight range and at the same time we can see price is testing higher resistance levels that is also indicating a triangle chart patter. My worry is if it breaks to the down side it will make a very big impact, panic selling will create more selling pressure and price can go lower from here. Incase if it breaks up then we are all smiling obviously. For now its looking weaker on daily and weekly chart I think it will break to the downside and create a mess...huh! Hit like & follow guys ;)
QShort
by stalkstock
ReadyyaahhTrend Multiply is on a strong uptrend and I think it will take a small break before breaking the next hurdle. Either it can come down to retest the immediate support or it will continue to go up from current level. Weekly closing is very bullish and i am expecting a continuation of this trend to the upside. Targets I think next resistance area is around 4.10-4.15 zone lets be prepared to book some profits in that zone and wait for a price action to plan new entries. Hit like & follow guys ;)
ADX:MULTIPLYLong
by stalkstock
Make Or Brake!Abu Dhabi Securities Exchange is at crucial support area, it have broken the trend line which is a sign of weakness but still the up trend is intact. We need more bulls to get activated at current levels to push the market index higher. Scenario One Either market can retrace 50% of Fib level to see a rejection and come down to make lower low, this will effect the trend we can see a reversal unfortunately. This will be the beginning of a fresh down trend hopefully we don't see this as sentiments are really positive in the market as of now. Scenario Two Market may push up till 50% Fib level and then take a pause around that zone, then there are good chances it will break the resistance of 9900 and we may see fresh rally which may break the solid resistance of 10000 points creating a higher high. Conclusion Market should hold at current levels to maintain the trend, bulls need to bounce back!!
ADX:FADGILong
by stalkstock