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ADNOC GAS (ADX), to target 3.82 after crossing resistanceDaily chart, the stock ADNOC GAS is trading between support and resistance lines since mid June 2023. A Triangle chart pattern is being formed - After the price clearly crosses the resistance line (BLUE), around 3.15 - 3.16, then the target will be 3.82, passing through some resistance levels as shown on the chart. ENTRY #1 : BUY at touching the support line (RED) around 3.02 - 3.03 and rebounding. Stop Loss below 3.00 ENTRY #2 : BUY after clear crossing of resistance line (closing 2 days above / or one day and high volume) Stop loss after breaking down resistance line.
ADX:ADNOCGASLong
by snour
3
RAK is setting up technically for two swing trades (≈40% total)ADX:RAKPROP RAK Properties is setting up technically for a couple of swing trades. The first swing is about 11% profit target and the second one is about 29%. You can sell partially at the 11% Profit target or sell completely and re-enter where indicated on the chart for the second price swing. Please note, the price levels are what is critical here. The timing of the swings (in days) may vary but it is the price levels that I expect to be solid. This is where one buys and sells anyway using limit orders. Those are based on support and resistance confluence per Fibonacci levels. This is where I will trade RAK Properties for a quick profit. Good luck.
ADX:RAKPROPLong
by ConvictionTrades
Deyaar Development has a potential of 40% upside!Deyaar is one of the largest developers in Dubai. Its real estate ventures include major growth corridors and prime locations, including Business Bay, Dubai Marina, Al Barsha, DIFC, Jumeirah Lake Towers, Dubai Production City, Dubai Silicon Oasis, Al Barsha South and Al Barsha Heights. The stock of this company had a breakout from an important horizontal level of AED 0.65 on Monday's trading session. Speaking of the Elliot wave structure of the stock, the company looks to be going into a major bull run as the the latest leg to the upside is supposedly just the wave iii of III of 3(ignore the marking and labeling if you don't follow Elliot waves, just know that the stock can turn into a multi-bagger in future with those kinds of waves unfolding and yet to unfold.) To talk about the target for the ongoing wave alone, AED 0.95 is the projected target zone for the stock(40% upside from current levels). As mentioned AED 0.65 was a crucial level for the stock and now the same level should be considered as a strong support for it. Note*- This post is for educational purpose only. Please do your own analysis/research before taking ang trading/investing decisions.
DFM:DEYAARLong
by neeraj_2_sharma
ICAP Holding TightNew entry in Abu Dhabi Securities Exchange is Investcorp Captial. It opened at 2.30 and its been hanging around the same price level which is good looks like its just establishing support for now. Good chances it can break higher from current levels. But at the same time lets not forget Dubai Taxi Company IPO will be starting from tomorrow and its a huge IPO so we may see liquidity crunch in the market for some days. For now i think icap can make slow and steady moves to the upside. Hit like & follow guys ;)
ADX:ICAPLong
by stalkstock