RejectionClearly we can see a rejection candle right at the resistance line, meaning still buyers are not ready to take the price any higher. It can come down to retest the support area most likely from here. Or once the resistance is broken we can see some good momentum to the upside. For now its in a NO trading zone.
Hit like & follow guys ;)
Will it holdIt have broken the resistance zone successfully but now it have come down to retest the the previous resistance area. If it can hold here then we can expect more upside moment from here. This stock should be in your Stalking mode.
Hit like & follow guys;)
Still TryingDFM is been slow lately, I was expecting DFM would be the best performer because the market got many IPOs and DFM will directly benefit from it. But to my surprise it still below 2.0 I guess its under performing. This stock should de above 5 after so many new listings in the market, also the turnover & volume of the market have significantly increased which is positive for DFM.
Hit Like & follow guys ;)
DFM is holding up well above moving averagesDFM:DFM despite being a choppy stock recently, the stock is holding up well above 50 and 200 SMA and a golden cross is about to happen, it also about to break out above a downtrend which is holding the stock since august 2022. Long now with stop loss daily close below 1.45 AED or to be on the safe side long the break out of 1.55 AED level with the same stop. Anticipated price is shown on the chart.
This is only my own view and not a financial advice, do your own analysis before buying or selling, Happy Trading!