Get ready for the partyRakproperties is looking promising it has retested the support zone twice that is 1.30 and now its gearing up for the next big move. In short to medium term i think this stock will touch 1.50 with new projects and casino coming up Ras Al Khaima property is very hot and investors are grabbing what ever comes on the way. We will surely see a pump in stock price too. Overall this stock is in a uptrend any dip should be considered buying opportunity.
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Stalkstockanalysis
Nice Break OUTIf we talk about the over all trend of Union Properties upp then its still in a downtrend thanks to the positive news they released in Thursdays session investor got excited about this news and bought this stock like crazy. It has hit the resistance zone that is at 0.330 we saw some selling coming it. If it can sustain above 0.310 and establish a base this will be healthy and it can make a powerful breakout soon.
Strong resistance at 0.330 area and then strong supply zone at 0.380 I personally think it will break the immediate resistance soon and climb up, mind you this is one of the cheapest stock in DFM and when people start to buy or sell this stock usually its with HUGE volumes.
Hit like & follow guys ;)
Its a PAINTrend
Its been just going side was for ages now, once it breaks 3.46 and closes above with good volumes thats when we can have a trend confirmation. With last weeks closing its looking weak.
Breakout
Once we see a confirmed breakout that's when we can plan out buys for now its in a no trading zone it can retest support 1 and support 2 area. Also the have announced bonds that got listed on ADX this stock is looking good.
Hit like & follow guys ;)