LETS GO BABYEmaar Properties has released a positive news with the real estate booming in the UAE property prices are climbing up in other words fundamentally Emaar is getting strong day by day. We will surely see its reflection in the stock price too. With the last Green candle we are seeing buyers garbing this stocks I am expecting a continuation to the upside.
Watchout for a strong resistance around 7.45-7.50 zone. I think this stock will very soon be above 10dhs. For now its under due to geopolitical situation but over all this is a strong stock and highly recommended to be in portfolios.
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Emaardfm
Strong Bulls Trending
No doubt that emaar properties is in a strong uptrend, people are just buying at what ever price they can. There was also a news that emaar will pay higher dividends.
Fundamentals
Real estate market is booking in Dubai and with prices going up companies revenue is also leaping many folds.
Retest
Those who have missed this beautiful rally to the upside now they are waiting for a correction including me to buy this stock. With the strong bulls around i think it can retest 38% FIB and resume its uptrend.
I think overall this stock will be very soon above 10.00 very good for long term holding too.
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Watch out for a drop!!After the news Emaar have jumped but its not able to sustain the gains, it can make a violent move to the downside with a gap down expected tomorrow. If you have entered at lower levels its good time to book profit. Else wait for a bullish price action at support level. Over all trend is still intact to the upside.
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Get ReadOver all Emaar is very bullish but since Dewa have joined the party Emaar is shying away most of the traders are now shifted to DEWA but Emaar is very strong and its getting ready for the break out. I think it will soon touch 7.00 but before that a small hurdle at 6.40 also dividends are coming up so many investors will like to add more position to their portfolio. Over all in a uptrend!!
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