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Dubaistockmarket

Get Ready For The RideAfter a massive run Dubai Stock Market Index is not taking some rest, so can we expect a bull run again? yes most likely we will see 3200 very soon as thats the next resistance area. Immediate support is at 3125 and 3100 respectively. Since the market is moving backed by fundamentals i am expecting more news coming out slowly which will push the market volumes and index as well...Market is surely bullish any dip is a buying opportunity. Hit like & follow guys ;)
DFM:DFMGILong
by stalkstock
What did just happen?Aramex was up by 15% directly at the opening!!!! did you buy? did you get a chance? well the reason behind this is a institution bought huge chunk of shares at 4.77 per share so obviously its undervalued. People were grabbing this share like crazy and price was very nicely holding, good volumes and high number of trades. So more upside expected from here? yes as the bought price was at 4.77 so there is a space remaining to go up but market never forgets the gap. There is a huge gap created which has to be filled and this would be scary when ever it does. For now enjoy the bull run!! Hit like & follow ;)
DFM:ARMXLong
by stalkstock
2
Bulls Are Back?What a performance in wednesdays sessions by Dubai Stock Market with good volumes. Market is surely climbing up but at the same time there are chances of a bearish chart pattern that is head & shoulder. If market does not cross the immediate resistance around 2870 zone then we can see a right shoulder forming and once it break the neckline we can see bloodbath in the market. Another scenario is market may zoom past the resistance and cross the recent swing high that was around 2920 and make a new high targeting 3000 levels. For now market is back in action and stocks are looking good. Hit like & follow guys to support ;)
DFM:DFMGILong
by stalkstock