Nice Bull RunIt made a nice bull run it was a good trade for me, its now bit extended and needs a correction already we can see some weakness at the top as it have created 2 dojis in a row may be it can hit the resistance and retrace down there are so many levels that can be retested after this big move as of now I would recommend to stay away from it till it comes back for a retest.
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DU Breakout Inbound!Seems like DFM:DU is forming a triangle and so we could be seeing some big moves coming from it soon enough.
We're currently waiting for the triangle to fill out and then can expect some movement in the market.
Looks bullish at the moment since it is testing the 50 RSI and the MACD is clearly bullish
We could be seeing highs of : 7.02
or lows of : 6.47
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(Not Financial Advice)
Huge volumes It had a fantastic run today with huge volume, well with the global trend of sell off since last week we can expect it to come down quickly for a retest or it may continue directly moving upwards. Plan you trades in both the scenarios, i would prefer it to come down and then make a move to the upside. Over all surely bullish.
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Emaar out of the descending channelAs we spoke before the weekly charts shows that EMAAR preparing to break up the descending channel and it did , so now we waiting to reach the resistance line on 4.21 which will give a chance to go the next target around 5.55.
we need high volum upper than 4.21
sometimes it happend that the price reverse to the support line which will be on the edge of the channel on 3.75
so no buy before 4.21
thats it !
Last Chance!!Its still in a up trend but for the last 2 days its been making bearish candles if it does not hold here on go up we can see it coming down at the support level for a retest. Else we can see a new high soon. Interesting point here is the volumes have declined in last week after it made a high. Does it mean weak hands exiting the trade? big boys still holding it?? Over all its still bullish!
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How Many More Times????Will it break this resistance area?? its a strong resistance area and have been rejected so many times. I hope it will break this time we can expect a bullish cup and handle pattern to form and hopefully this time it should break the strong resistance. Its very important for it to hold above 0.30 else it can again drop to 0.290 area. Need some strong bull power!!!
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Need Strong BullsIts been trying hard to break the resistance it have just crossed above 200ema making it bullish it can be a beginning of a new uptrend. I can see 2 scenarios from here either it breaks the resistance and go up to hit the target or come back for a retest at the support level. A close above 0.285 will confirm bulls are in control.
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When will it cross?Its getting rejected again and again from the same resistance area, it means resistance is getting weaker and weaker. For it to become bullish we want to see a good closing above the resistance area with good volumes. UPP and DEYAAR usually follow each other, UPP have made a breakout already we wait for deyaar now. It can also break to the down side, let hope the breakout is bullish!!
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