Shuaa Capital , Insight into the company's shares!We closely monitor the stock's movements that suggest close moves . It is expected to be positive by 51%, and the confirmation of the negative trend change is Exceeding the levels of 40 and stability above it.
Target : from 48 to 55 in the medium term.
Billateral Pattern Identifiedits forming a pattern of
Assending triangle
also
Rising Wedge
Which indicates the movement can happen both ways
If it drops below 5.90 then it will be a confirmation of a bearish reversal
If it goes above 6.50 then it will be continuation of the bullish move
Make entries after 6.50 to ride the bull trend
What Next?After the big announcement of dividends we saw a breakout as i had mentioned earlier but looks like it was a fake breakout!! it could not sustain the gains and todays closing is negative. Next support area is around 3.75 lets see how it performs coming week. On the other side I think it will soon give us buying opportunity so lets "stalk" this stock.
Hit like & follow guys ;)
Watchout!!I was but disappointed with the closing today, but being a weekend this is what usually happens investors dont like to hold their positions over the weekend as anything can happen and scenario can change. Over all still positive if it opens with a gap up there are good chances it will go higher. If if opens with a gap down or flat opening it can go down to retest the support zone.
Hit like & follow guys ;)
Make or BreakThere are good chances of reversal from this level, Emaar is been on a down trend for a while and tomorrow we can expect to see some bull power to reverse this trend. But again Friday is usually slow as its weekend so be careful only buy in small quantities so you can keep the position open over the weekend.
Hit like & follow guys ;)
Continuation of fallIts been under pressure since it hit the peak of 6.00 and since then its been falling down. There is a hope of bottom formation at current levels but for now i think it will go down further to retest the support level and make a reversal from there. Till the time its below the downward trendline there is no hope of it turning into bullish!!
Hit like & follow guys ;)
SALIK: Current Market Status and Future ProspectsThe current share price of SALIK stands at 2.90, reflecting the overall market sentiment towards the company. With a market value of 5,329,289.81, SALIK has managed to garner significant interest from investors, as evident from the trading volume of 1,845,923 shares. This substantial volume indicates that the company's shares are actively being traded, showcasing a high degree of liquidity and an optimistic outlook from the market participants.
Key Trading Metrics for SALIK
To further analyze SALIK's recent performance in the market, we will examine some key trading metrics. These metrics provide additional context to the company's current market position and investor sentiment.
Previous Close: 2.84
The previous close is the price at which the last trade occurred before the market closed. For SALIK, the previous close was 2.84, which serves as a reference point for the current trading session.
Opening Price: 2.82
The opening price is the first traded price of a financial instrument in a given trading session. SALIK opened at 2.82, which is slightly below the previous close, indicating a cautious start to the trading session.
Last Trade: 2.90
The last trade refers to the most recent transaction that took place for a financial instrument. For SALIK, the last trade occurred at a price of 2.90, which is higher than both the previous close and the opening price, suggesting increased investor confidence.
Price Change: 0.06
The price change represents the difference between the current price and the previous close. In the case of SALIK, the price change is 0.06, indicating an upward movement in the share price.
Price Change (%): 2.11
The percentage price change is the relative price change expressed as a percentage. For SALIK, the percentage price change is 2.11%, which further emphasizes the positive price movement.
Best Bid: 2.83
The best bid is the highest price that a buyer is willing to pay for a financial instrument. In the case of SALIK, the best bid is 2.83, which indicates strong demand from buyers at this price level.
Best Ask: 2.90
The best ask is the lowest price at which a seller is willing to sell a financial instrument. For SALIK, the best ask is 2.90, which suggests that sellers are looking for a higher price to offload their shares.
These key trading metrics, along with the bid and ask orders and the overall market position, provide a comprehensive overview of SALIK's recent performance in the market. Investors should take these factors into account when making decisions about their investments in SALIK.