wait wait wait the next up or down change will decide the next step
wait and watch for the rise
tomorrow if the market closes up then be ready for a green week after the long weekend
Market Gives a Hint!!After the delisting of emaar malls today many of the traders got swap shares and many booked the profit. If we read the candles yesterday was first indication that market may sell off. This is the power of technical analysis. Support zones are marked in white lines watch out for a good chart pattern to enter the trade. Wait & watch game for now.
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More Down Side Another most effected was DFM heavy sell of was seen today along with other stocks. Wait for it to react at support zone. For now in a no trading zone.
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The Most EffectedIt was one of the most effected stock in todays sell off, support is still bit far i guess selling pressure will continue for now till support zone is established. Its in a no trading zone do not try to catch a falling knife as i keep saying.
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Gap Filled?Armex can surprise us, a very good bounce from support zone is seen and more upside is expected from here.
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Morning Star?If it opens with a gap up tomorrow we can expect a morning star kind of pattern that is bullish and we can expect more upside, this stock is very powerful and very strong fundamentally as well. Good for long term holding. Over all bullish ;)
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More UpWe can see similar pattern previously after every red candle market pushes up, thursdays candle is positive and buying have again started. I think more upside is expected on this, lets wait for a break of this trend line to sell till thn its good for holding. very bullish after the financial results.
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Another Limit UP?Its holding at the support level for now also we can see a inside day candle - bullish, second gap is already filled a gap before that is not yet filled. If the market is positive and if it goes above 5.38 expect a limit up again. Else we can see some weakness and it come come down to fill up the gap it will but a opportunity - buy the dip!!!
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Buy or WaitWe also want to buy at support and sell at resistance, this is the stock right at the support but to confirm buyers are holding this zone we want to see bullish candle and thn enter the trade. Looks very bullish over all.
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South or North?If we see the bigger picture on a weekly chart, we can see a breakout of a pole and a flag pattern. Yes we can see the breakout already and if the next candle or the last weeks candle can be taken as a retest candle which is a "success" for now then we can expect this stock to move slowly the the next target around 1.45-1.50 level. For now its a breakout, we should see a gap up opening or a flat opening it order for bulls to get activated. A gap down will discourage the buyers and will show weakness. Over all bullish!!
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Will it Fill Up The Gap?Its been performing very well, after a gap up its been in a range. There are chances it might come down to fill the gap. For now its at a very strong resistance that is around 1.57-1.60. We can already see a rejection candle on a weekly chart right at 1.57 for now its in a no trading zone. Over all in a uptrend.
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Wait for a breakoutVery strong stock also heavy weighted stock. Its at a resistance which is weak and its ready for breakout. If you buying this watch out the target levels on the chart. Sure Bullish!!
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Breakout?Its at a very right place, breakout traders are watching this very carefully. If this breaks the resistance of 0.800 with above average volumes expect a big move. Bullish for now !
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Massive PatternIf we look at the bigger picture on a weekly chart we can see a massive pole and flag pattern breakout, i see a huge potential to upside coming up...surely i am holding this one !!! very bullish!1
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SHUAA draws the way to 1 dirham levels .Buying after exceeding 83 levels.
first target : 94
second target : 1
third target : 1.2-1.3
stoploss : closing below 74 with huge volume
Waiting....Its at a good support, a big green candle will confirm the buyer are still here and would be a buy signal. Lets see if the support is holding or breaks. Over all in a uptrend.
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Wait for a confirmationIts at a strong resistance we can see its opening with a gap down on daily basis its a indication of weakness. This resistance area is been tested again and again but with intervals, for now wait for a breakout above the resistance around 1.18 and then enter the trade. Yes the trend is still to the upside.
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Free FallWith all the negative news around UPP this is surely in a no trading zone, avoid this stock till there is clarity about the company.
Crazy BullsNo doubt with all the fundamentals in place DFM is the one getting the most out of it. More upside is expected every time a positive news comes out. VERY Bullish
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Fill The Gap?Will it come down to fill up the gap? or will the pennant break to the upside, i see its bit weaker with todays closing. It can come down to fill up the gap. Over all very strong with good fundamentals. A entry above 1.14 is recommended as of now in a NO trading zone.
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What About The Merger?With solid financial results i think emaar will break the resistance and close above 5.00 most likely also we have to keep in mind the swap share agreement for emaar malls as tomorrow is the last day to get the entitlement. I am very bullish on Emaar.
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Bulls Are BackWith positive sentiments in the market and real estate boom i think it will easily break the resistance, also with emaar's positive financial results real estate sector should outperform!! very bullish
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I like that candleWell we want to buy at support and sell at resistance here is a stock that is right at the support and have given us first bullish signal at the support zone, if in sundays session it can cross 0.818 i think more buyers will catch the attention and start buying this stock. For now it have started a fresh bullish trend after a range and a down trend.
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