Its ready to flyIts been trading in the lower range for so many weeks now, today was a good day with higher volumes for Manazel. Its in a bullish chart pattern and hopefully if market is positive tomorrow most likely it will breakout to the upside. Today it failed to hold the gains but still looks positive. It should not open with a big gap down else it will turn into negative. Overall this is a bullish stock and ready to fly higher.
Hit like & follow guys ;)
Potential Chart FormationAldar is at a good support level, I am expecting a bounce from current level. Its forming inverted head and shoulder pattern potentially which is bullish. Its very important that aldar holds at current level else it will be a pattern failure and turn bearish.
Hit like & follow guys ;)
it looks bearish going to test levels of 1.22 / 1.18 if it breaks then lower to 1.05
too many new companies listed and cash flow is being lost in action and too many companies with high prices and withdrawing cash to them
salik / dewa/ unioncoop and the upcoming listing will casue more cash shortage for the short term awaiting for the 3rd quarter results
Positive LookFor now Burjeel is looking positive and its in a chart pattern, lets wait for the breakout i am still very Bullish on Burjeel Holdings. Tomorrow if it opens flat or with a gap up most likely we should see it going north. Else if overall market is negative it may come down for a retest.
Hit like & follow guys ;)
SALIK fair value is AED 3.53Over the past year, the earnings growth (24.2%) of Salik has exceeded that of the Infrastructure industry. Its current net profit margins (83.6%) are higher than last year (80.6%). SALIK has more cash than its total debt. SALIK's debt is well covered by operating cash flow (36.2%).
SALIK is trading at AED2.26 which is below estimated fair value (AED3.53).