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Emaar Properties is showing bullish price actionDFM:EMAAR broke out supported by a bullish cross over between the 200 SMA and 50 SMA. Any pullback towards 3.26 or if the pullback extends toward 3.06 is considered a buying opportunity. Short term targets with anticipated price action are shown on the chart. Hit the like button please if you find this useful :) This is only my own view and not a financial advice, do your own analysis before buying or selling Happy Trading!
DFM:EMAARLong
by Chartoholic
EMAAR - Dubai Financial Market *****Please follow, like, and support this idea, if it helped you in anyway***** ***This is not a financial advise*** Emaar is on its way to fly high - and not thinking of looking back, It has broken the channel two time and got the rejection. On the third time with the double bottom, it might break all the resistance coming on its way. Additionally, it has also started trading as derivatives on the DFM, so buy and sell game will start Stocks holder - keep an eye for long term and the target of AED 8 is easy to attain with in 5 years of time, short term, please stay away as it will jump and retrace quickly due to derivatives pressure initially Overall, This is the heavy weight share on DFM, Chart was prepared on request from Mr. Omar
DFM:EMAARLong
by FOLLOW_PIPS
6
DFM Resting NowAs expected it could not break the barrier of 200ema in one go , in my previous analysis i had mention the same and i still hold the same opinion that it will take some rest before it crosses 200ema as its strong and important resistance level. Lets take a note here that bulls are active from 2000 level and the market almost touched 2250 sure at any resistance bulls will exit their positions and book profit. Once the profit booking is done fresh buying will start and it may cross the 200 ema. Over all very buillsh around 30% of retracement in an uptrend is normal and healthy. Hit like & follow guys to show your support.
DFM:DFMGILong
by stalkstock
DFM Will It Cross?Tomorrow will be a interesting scenario in DFM as its right at 200ema which will act as a dynamic resistance level for the market, in my opinion it will not cross in one go and we may witness some profit booking tomorrow. We can back test in charts when ever there is any important support or resistance level market needs to breath before it takes a big jump again. As i say there is nothing guaranteed in the market it can also break in one go and trend higher. Any how after the resistance level is taken out next clean target is 2400 which will not be hard and will be achieved very soon once this resistance level is cleared. Over all its bullish for sure BULLS are totally in controlling the market :) Hit like & follow to show your support
DFM:DFMGILong
by stalkstock
DFM Finally Did It Breakout??Yes it have broken the trend line today after so many days and closed in 2078 area. It will be very interesting to see tomorrow if it is coming down to retest 2070/75 area and bounce off. This can be a bull trap too lets analize if this is a fake breakout just to trap the bulls it will come back again in the triangle and continue to range. If we go back few weeks on 15th august exactly it broke down the triangle range and got back into the triangle very next day it was a bear trap! If this breakout is confirmed tomorrow market will quickly move up and first target will be 2200 level and 2050 and thn 2400 respectively. So tomorrow is the D day lets stalk closely to take out trading decisions. I am bullish for sure. Hit like & follow
DFM:DFMGILong
by stalkstock
DFM Bounce BackGood starting of the week with positive closing, market have bounced back again ! bulls have show some power and the market have pushed upside the move is small but still its back in the positive side or the triangle as marked in the chart. The pattern still continues and is valid we can expect market to move up till the next resistance inside the triangle and it will give a breakout at the apex which is not coming closer, we can expect a break out by end of this month. Let wait and stalk to which side it gives a break out. Market is back in the safe zone which is bullish. I took a trade on Damac will post my trade too. Hit like & follow guys!
DFM:DFMGILong
by stalkstock
DFM On A Bigger PictureIf we shift our charts to weekly and have a bigger picture we can easily identify a uptrend, the market is making higher lows and higher highs that is a proper definition of a uptrend. As of now its at very critical support area if it breaks to down side the next support area is 1890 area and 1720 area respectively. If the market have to go up from here bulls have to act fast and this week, if the market goes below this level at the end of the week we can say shift in the trend is taking place and further selling pressure can be witnessed. As a day trader i am bearish on this one but for a long term trader it can still be bullish. Lets stalk this one for the coming week to have a idea about the trend. Hit like & follow if you like my analysis.
DFM:DFMGI
by stalkstock
Salama where to buy?Finally it gave a nice up side breakout and i closed my trade in profits FINALLY LOL, for those who missed this trade it will give you a second chance very soon just keep stalking this stalk as it has potential and smart money is buying this one. People are sending me msgs and asking me exact buying price! please there is no exact buying price or selling price i have marked the zone where price should give you a buy signal & sell signal thats where you have to buy once you get the signal. THERE IS NO EXACT FIGURE !!! Just stalk this one and wait for the price to come to your level and thn go for the kill, dont rust just be calm and patient.It will be a easy trade and will give you nice profits. Hit like & follow if you like my trade ideas.
DFM:SALAMALong
by stalkstock
DFM Weekend ReviewInteresting week again, thursday we closed in green so is the selling pressure finished? lets analyze in details. Market is trading in a range and have developed a triangle as marked in the chart. It is making lower highs and it made a new lower low on wednesday and closed with a hammer like candle. My analysis says market is very weak and thin it have almost broken the triangle pattern to the downside and in thursdays trading session we didnt witness any strong buys coming in to rescue the selling pressure through out the week. It did make a small green candle but that was just a up day in a down trend nothing significant yes it closed above 2050 but the chart damage is already done. Now from here it can also come back in the triangle and start to go higher but chances are slim as its becoming bearish day by day. It can go up to 2060 and retrace back or continue down from 2050 levels itself. For this to become bullish buyers have to make tremendous efforts to bring the market above 2100 level which will show a shift in the momentum and become bullish. There are few shares that are still bullish and in trend i will soon post them on my insta and keep you all updating. Its looking bearish for now. Hit like & support to show your support.
DFM:DFMGIShort
by stalkstock
FInally its done it!Interesting session today, it finally broke down today and tried to retrace back to close above 2050 level but it could not. As i mentioned yesterday the market is getting weaker and weaker as this support level of 2050 have been tested more thn 3 times and now its become weak. Today it went down till 2030 and bounced from there but its already done the damage. It has a chance to retrace a little more tomorrow but over all it have turned bearish and a reversal is taking place. Detailed analysis will be done over the weekend. Hit like & Follow to show your support.
DFM:DFMGIShort
by stalkstock
DFM playing Games?It almost broke the support level today of 2050 and bounced back, If it had closed below the support level it would turn bearish and a reversal would take place however it closed at 2050 and respected the support level by giving the correct reaction. This is the 5th time it have tested this level and successfully reacted in a positive way. Any support or resistance tested again and again becomes weaker.Today it went down to 2041 and bounced yes we can call this a fake breakout out to down side anyone who panicked & sold their stocks must be regretting so who was buying today? surely the "SMART MONEY" they bought the stocks today at the cheaper price to sell it at higher prices. Market is above 2050 level i am bullish. Hit like & follow
DFM:DFMGILong
by stalkstock
Dubai Financial Market - Weekend ReviewNot a very powerful week in terms on movement we only had 2 days of green candle and 3 days in red infact we closed in red too. Lets analyze, market took support at very important area of 2050 and bounced back and it made a high of 2100 it tried to break it but found resistance and it retraced back to 2072 and again it found support in this area which is marked in the chart and bounced from there made a closed at 2082 printing a hammer like doji candle indicating bull pressure and good support. Market is in side was as of now after breaking the upside trend line. The range as of now is 2050 to 2120 area. Market should resume its upside coming week crossing 2100 level soon. Lets wait and stalk how does the market perform this coming week sure many opportunities spotted last week and we will get more opportunities coming week too. I am bullish till its above 2050 levels. Happy weekend Hit like & follow if you like my analysis.
DFM:DFMGILong
by stalkstock
DFM bulls are tiredTodays session was just red red all over, it found support ar 2050 level and it took off from here but in todays session it made a red candle closing below yesterdays close there was heaving selling pressure and profit booking on pervious gains it means investors are booking profit early and are not confident. Profit booking normal and such small corrections after big moves are normal but we didnt have a very big move yet. It closed just at the near support level as marked in the chart, 2080 is support area now. So what next? i think market should resume upwards tomorrow or stay in this zone for another day before making a move upside. We stick with our scenario that trend line is broken and now the market is in the range that can potential make a W pattern. Tomorrow is last trading day of the week and i can expect more selling pressure as investor would not like to keep their positions open. As long as market is above 2050 i am bullish. ---Hit like & follow to show your support----
DFM:DFMGILong
by stalkstock
Salama Its becoming weak now, it go resistance strongly right at 200ema but at the same time found support at 0.500 level i was expecting it to close above the 200ema today so that it can continue going higher but it created a a big doji candle. Tomorrow is a decision day if it wants to go up or down i am still holding on to my trade. It can go either side but i think it might go up as it has accumulated twice at 0.500 area and it found support and it is now trying to break the resistance levels. Lets see i will keep a close watch and stalk it below 0.500 i will exit my trade and book a loss. Hit like & follow
DFM:SALAMALong
by stalkstock