Aldar seem to be ready to post some price recoveryADX:ALDAR is consolidating and getting ready to post some modest gain. As the risk to reward ratio is not attractive, I prefer to enter now with a strict stop daily close below 5.1 AED and target 5.4 AED.
The stocks need to clear the red zone to start changing its downward trend.
P.S. Not a financial advice, just my own views
ALDAR trade ideas
New Launch in DubaiAldar properties is coming to Dubai, with its new project many investors are looking forward and i am sure it will be a huge hit in the real estate market. Dubai real estate market is booming for now i am sure once the financial results from the companies are out stock prices will rise.
Once this geopolitical mess is sorted markets will resume its uptrend, many stocks are currently under selling pressure but this is giving us opportunities to buy the stocks at cheaper prices.
Hit like & follow guys ;)
Sign Of ReliefWith todays candle close we are seeing some sign of relief, but still over all the trend is to the downside, this can be a short recovery. There are good chances it can hit the resistance to make a lower low. Over all this stock is very strong and also fundamentally the company is very powerful. Due to the geopolitical scenarios our stocks are taking a beating for now.
But i am very positive very soon we will come out of this mess and our markets will triumph !!
Hit like & follow guys ;)
Potential Chart FormationAldar is at a good support level, I am expecting a bounce from current level. Its forming inverted head and shoulder pattern potentially which is bullish. Its very important that aldar holds at current level else it will be a pattern failure and turn bearish.
Hit like & follow guys ;)
Range Based Its been in this range for so many days although it was looking very promise earlier i was expecting a breakout to the upside but for the last 3 to 4 days we are just seeing selling pressure. This is a good place for the buyers to protect this support area. Hopefully we should see buying momentum from here else we going south.
Hit like & follow guys ;)
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