Its TrendingDewa is one of the heavy weighted stocks in Dubai Financial Market, it also pays out very good dividends. From here any dip will be a buying opportunity. Over all very bullish!!
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Dewadfm
Range BreakoutThis stock is very strong fundamentally i dont know why its still stuck with in the range. It also gives out handsome dividends, i think soon it will break the resistance and go past 2.60
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Finally Bulls are here ;)Its been trying very hard to sustain about the IPO price and todays closing is bullish, more upside momentum is expected. I think slowly and steadily market will touch 2.75 zone. But due to the global scenarios I am always recommending to everyone to book your profits early and take your money home as markets are very volatile.
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Down Trend Still IntactIt could not pick up from the time of its listing. Its in a prominent down trend, today it tried to cross the resistance bot got rejected badly. For now stay away from this stock till a up trend is stablished.
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Positive SignsWe are seeing some signs of bulls here but still no confirmation yet. Lets wait for the break and close above 2.86 to confirm the uptrend have started. For now its in a NO Trading zone.
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26000+ Trades DoneFor the first time I am seeing 26000+ trade done in 1 stock in Dubai Stock Market this is huge!! buying momentum have started from today and most likely it will continue a small retracement can happen which will be a buying or adding opportunity. I think 2.84 level can be retested before going higher. However if the market sentiments are very strong and positive it may continue without any correction. This stock without saying is very good to be in our portfolios. Highly Recommended!!
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