Pattern Failure!! I was very positive on DIC to breakout the pattern on the higher side but after the news about Russia & Ukraine broke out its getting weaker. It could not climb up to the resistance level and close. For now we are seeing it got rejected twice in a row. 2 scenarios from here, first it may take hold and start climbing from here to break the resistance and go higher, second it may come down to retest 1.20 zone and try again to breakout. Overall its still in a uptrend.
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Going to ADX / TadawulIf in general assembly its approved, GFH will be listed in both the stock markets. The meeting is supposed to take place on 27th March many agendas are to be discussed its a very big meeting for GFH this stock is good for long term. Also in a bullish chart pattern i am expecting upside move. Although for now its been in a range for more than 2 months. Good potential!!
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Its at a important support levelIts been very slow and not performing lately, for now its at a crucial support zone of bulls want to protect this level we want to see good buying pressure. Solid resistance at 1.25 zone its been trying hard to cross it but not able to close above it. For now its in a no trading zone.
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Fill The Gap?Last closing is good and at least its holding up, the gap that it created now will potentially act as resistance. Emaar is still bullish we can see 20 and 50 day moving averages are holding it. Over all emaar is bullish but major resistance at 5.10 level. Wait for market reaction tomorrow and then go for it.
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Gaining MomentumAfter disclosing their financial results Deyaar is deciding to clear their loses by adjusting the capital also there is some progress on Limitless issue. In last trading session if broke the resistance of 0.480 but could not hold the gains and closed at 0.470 with good volumes. If tomorrow market is positive and no more negative news about Russia - Ukraine then I think its ready to go up to retest the strong resistance that is around 0.520. At the same time we can see RSI is still below 60 so its trying to breakout and come into bullish territory. Early birds can surely take some advantage here..
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Which Side?Its in a bullish chart pattern, been waiting for a breakout in Fridays session but bulls were not very aggressive. If in Mondays session DIC opens with a gap up there are good chances it will breakout to the upside. Even a flat opening would be good to make a move to the upside. We dont want to see a gap down opening which will indicate weakness in bulls. All the best for the coming week, DIC is very bullish!!
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Getting Ready...FIRE!!!A big move in Deyaar is pending market have been hovering around the support zone for more than a month now. A big move is pending hopefully to the upside. Support zone have become weaker as not many buyers are active in this zone. A closing above 0.490 would be confirmation to buy. For now if you are a aggressive trading this is very good entry with a small stop loss and a big target.
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Bulls Are ComingGFH is looking very nice for a swing trade, once it crosses 1.25 it will be considered very bullish!! as of now its trying hard to cross the resistance of 1.23 (minor) on weekly chart we can clearly see early signs of bulls gaining the power. Stalk this stock very closely as it can make violent move to the upside most likely.
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Air arabia's price action is bullishDFM:AIRARABIA broke out of the ascending triangle formation and is holding up above the break-out level. Anticipated price action and targets are shown on the chart, stop loss daily close below 1.32 AED.
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This is only my own view and not financial advice, do your own analysis before buying or selling
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