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ICAP Holding TightNew entry in Abu Dhabi Securities Exchange is Investcorp Captial. It opened at 2.30 and its been hanging around the same price level which is good looks like its just establishing support for now. Good chances it can break higher from current levels. But at the same time lets not forget Dubai Taxi Company IPO will be starting from tomorrow and its a huge IPO so we may see liquidity crunch in the market for some days. For now i think icap can make slow and steady moves to the upside. Hit like & follow guys ;)
ADX:ICAPLong
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Let it comeTrend Its still in a uptrend but for now its bit extended so a correction is due on this recent rally to the up side. For the last 3 days we are seeing Doji candles at the same place I think it will make a big move very soon. Support & Resistance For now next support is around 1.10 zone and resistance is at 1.15 area. I will wait for it to close above 20 day moving average to make a by decision. Tomorrow will be very interesting to see if it can manage to close above the resistance. Hit like & follow guys ;)
ADX:RAKPROPLong
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Get ReadyTrend Overall trend is still intact, qholding is still in a uptrend. But for now its looking very scary its been going side ways for so many days and I think this week it will breakdown (big Move) Since its been just ranging which obviously market does not like. Break out Which ever way it breaks out the move will be bigger, if it breaks down those holding their positions will panic sell which will further put pressure on the price. If it breaks to the upside people are waiting to catch this one and ride it. Support Area We can see on the chart 3.60-3.65 is holding tight so far but i think it will be broken very soon. Resistance is at 3.80 for now. Hit like & follow guys ;)
QShort
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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
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Need Bull PowerWe saw some crazy moves in qholding , for now its taking a pause right near the strong resistance area. Last closing is not very promising we can see some sellers coming out of the bush in some volumes. At this point of time we need angry bulls to jump in are defend the territory. Price is above 200 EMA giving us good indication its in a uptrend. But now the question is..is it time for correction? Strong support at 3.50 and it have testing successfully with strong buying pressure, if it does not now 3.70 are then there are good chances it may revisit 3.50 and come back to break 3.77-3.80 zone. News Effect With the positive news hitting the market about qholding the stock price rocketed and now we expect it to sustain the gains. If we look at the lower time frame 15 mins chart we can see side ways price action this is a good sign of relief that bulls are still active else bears would have taken control already as the price is just at the perfect place to short.
QLong
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Any one Hurt??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 market booking in the UAE, Rak is launching some amazing properties are attractive prices which is driving FDI crazy. Their revenues are jumping with the fundamentals so promising. China Effect With slow housings in China, many Chinese investors have flocked into RAK and bought properties for investments pushing the demand higher. This trend is to continue for now till we see Yuan stabilizes. Casino Effect RAK is also launching first casino in the UAE which will attract millions and millions of people into RAK, this will boost the economy and bring RAK into center of attraction. Conclusion Real Estate to continue its boom and enjoy the flow from different parts of the world. This will flourish the economy and boost revenues of real estate companies.
ADX:RAKPROPLong
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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
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