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Not Able To CrossIts been trying hard to cross the resistance of 0.500 but unsuccessful, its now in a correction mode of the strong upside move that started from 0.430 zone. Well if the support that is around 0.480-0.470 is broken then it will again get weak and come down which will be bearish. As of now it will be the best scenario that bulls jump in quickly and take control of the situation. As of now in a no trading zone if you have bought it at the lower level be safe and book the profits. Hit like & follow guys ')
DFM:DEYAARLong
by stalkstock
26000+ Trades DoneFor the first time I am seeing 26000+ trade done in 1 stock in Dubai Stock Market this is huge!! buying momentum have started from today and most likely it will continue a small retracement can happen which will be a buying or adding opportunity. I think 2.84 level can be retested before going higher. However if the market sentiments are very strong and positive it may continue without any correction. This stock without saying is very good to be in our portfolios. Highly Recommended!! Hit like & follow guys ;)
DFM:DEWALong
by stalkstock
Again Disappointment ?We have seen Deyaar has got a habit of surprising the market. Whenever we see its in a “bullish” mode and ready to go higher very same day it will be dumped and closed in RED!! At times when Deyaar is not expected to make any move it will suddenly close with a solid green candle. Lately its been under pressure and moving side ways most of the time. It was in a bullish chart patter but unfortunately it broke to the down side and now recovering. Deyaar is a “yellow flagged” stock in Dubai Stock Market which means its in a accumulated loss between 20% – 50% of issued capital. Deyaar is trying to breakout and move higher but facing tuff resistance as we can see on the chart resistance is strong as whenever it tried to cross it was a failure. A strong resistance is at 0.460 0 – 0.465 last weeks closing is at 0.463 I have seen it disappointing earlier so I dont trust this small breakout, volumes are increasing but I would like to see a closing above 0.480 to confirm its resuming its uptrend from here. Over all trend is still to the upside but it was going side ways for all these months. With Emaar Properties leading the real estate sector I thing Deyaar will also follow the suit. I had recommended right near the support after looking at the bullish price action to have a small stop loss and a good target of 1:4 RR still there is a good chance of it going higher if we take the first green candle as a break out and the next days red candle that is a DOJI meaning indecisive day and then a green candle with a gap down – retest of the breakout. If on Monday it opens with a gap up there are very good chances we can see a good big move to the upside if, it opens with a gap down I think it will remain around the same level. Both 20 & 50 day moving average are below the price and acting as a support for Deyaar. A close above 0.480 will attract more buyers and it can retest the swing high of 0.540 or if it again fails this time it can come down to retest 0.420 level. With market sentiments at all time high I hope Deyaar will not disappoint us this time. We want to see big volumes with big moves to the upside coming week.
DFM:DEYAARLong
by stalkstock
Where Will It GO??Its very confusing GFH is been on side ways for more than 2 months now. Big meeting is about to happen this month end hopefully if the out come is positive and everything is approved i think this stock will fly very fast. At the same time they are about to distribute dividends so naturally we will see a drop. The main thing is recovery after the drop, it should not remain flat for many days. If it recovers quickly we can see some signs that institution buying have started again. As of now its very confusing a strong resistance is at 1.23 but with a good news market can break all the major resistances. Hit like & follow guys ;)
DFM:GFHLong
by stalkstock