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DEYAAR

Deyaar under pressureThis was in a nice uptrend stock as you can see the trend line was broken 18th june and retested & rejected on 19th june. Its now in a down trend and on thursday it opened with a gap down indicating buyers are still not interested to buy at this level. If in tomorrows session if it can open with a gap up and close above atleast .280 or higher a pattern can be confirmed. In candle stick patterns its called abandon baby and if the pattern is confirmed new uptrend can start and stock can trend upwards. As of now its not tradable as it can still go down side so lets wait till in breaks the trend line and confirms that uptrend is resumed. This analysis was done at the request of a trade @mkhaggag Hit like & follow
DFM:DEYAAR
by stalkstock
Deyaar after news effectQuarterly performance was announced today the results were not as good as expected but still the stock managed to rise and close above the previous candles high. Interesting part is it opened lower today but managed to attract buyers and pushed it higher to make it a green solid candle indicating buyers are here and very much interested at this price. Todays candle have completely engulfed the previous days red candle it is a bullish pattern. I missed to notice that it broke the trendline (uptrend) and didnt not get a chance to sell it. I am still holding this stock and will keep an eye how it performs this week. More upside coming in my opinion :) Hit LIke & Follow
DFM:DEYAARLong
by stalkstock