For now its just goin side ways, very thin volumes traded in this stock. Usually we see big volumes when there is at news that is effecting this stock. For now nothing interesting, if it breaks the current support area that is 19.75-80 area then it can come down for a retest. Other scenario for it to be bullish it will have to break 20.35 and close above it to...
Trend
For now its still looking safe and in a uptrend, but i hope its not forming a head & shoulder pattern. If the pattern is confirmed then be ready for a selling scenario till about 3.30 zone
New High
On the other side, if it manages to close above 3.60 this will be a good sign that its ready to go higher and bearish pattern will be invalidated. Over all i...
Trend
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...
Fantastic performance by Rak Properties last week, over all bulls are very aggressive and without any mercy. Bears are not seeing till the end of the ocean for now. We saw huge volumes in this stock and it was top traded stock in Fridays session. I think this rally is here to stay and dip is buying opportunity for now.
Real Estate Boom
With the real estate...
Last week was for qholding, big announcements made this stock fly high into the skies obviously for now its correcting itself. Good news is that it have shown us some signal that correction have stopped fresh buyers are jumping it. If it breaks 2.93 get ready for another ride to the upsdie. And by any chance if it breaks down 2.75 it can go south for deeper...
This one can be avoided as nothing interesting for now, yes we may get some chances once it breaks the trendline. For now its in a NO trading zone.
Hit like & follow guys ;)
Its at a very good level, Fertiglobe is going through a reversal and its at a crucial support area. I think its ready for fly from here. catch this trend my friend!!!
hit like & follow guys ;)
