Target Achieved If you are following my trade ideas this was a very good trade target got achieved at 0.888 as of now its again at the same resistance level if it gives a breakout there is good chance that it will touch 0.901 with a strong move. Keep this in your watch list. Over all bullish.
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DFM trade ideas
Like to trade the Range?I mentioned the trade idea on my social media pages, if you like trading in the range this is a good setup up. It bounced rights from the support level and made a perfect doji type candle very next day that is today we can see a positive candle meaning buyers want the price to go up!! next target is 0.850 looks bullish for now.
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DFM - Stock - swing tradeA bullish divergence found on DFM sector -
Share is trading on the all time low area and it shows that the Stop Loss is completed.
Buying opportunties are there and it is better tohold for 1 years to 5 year for good great profit
The March has made it all time low - giving signs that it might test this level again in future
but that time is not coming before it crosses the major upper channel
Target 1 - 1.29517
Target 2 - 1.79058
Target 3 - 3.20321
Target 4 - 4.26592
Back at the levelAfter the breakout to the upside as i had indicated in my previous analysis it touch the resistance and now back the at the support level also we can see its at 200 day ema which will act as dynamic support. If it takes bounce from here we can again trade the range. Keep stalking this one it may give a good trade setup.
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Gap UP!!Doji and gap up means buyers are more aggresive and in control of the market. Will it cross the resistance ? we have to wait and stalk it as its in a down trend as of now so it will be very risky to take the trade. Keep stalking yes a good bounce is seen from the support level. If you are aggresive trader this is good time to enter. Keep Stalking :)
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DFM - Buy the rumour & sell the factsIt hit limit up circuit of 15% daily up limit. Rumour's in the market say that abu dhabi and dubai stocks market are in talks of merging no confirmation yet!! Lets wait and watch if it can sustain this upside near immediate resistance is 200 ema. I would love to be in this trade but once its test the 200 ema else i would be stopped out.
Patience pays a lot in this business. Lets wait for a nice entry.
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Dubai Financial Market - DFMThis stock have tested the resent support level and have bounced off from there.we can see in the lower time frame to confirm. It can fill up the previous gaps that would be the immediate targets. I would like to buy this if the market is positive tomorrow and not under pressure to see it resuming the rally.
Watch it closely before taking the trade. Happy Trading
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DFMIt didnt perform well as per the over all market, it have made a doji candle right at the tinkan sen acting as a resistance i am in the trade at 0.654 with a target of 0.727 to fill in the previous gap that can be a resistance. Lets see how the trade folds i am still holding it for the coming days if the Opec deal is done might hold it for longer time and book the profits. Keep you posted. Happy Trading!