#DFM #DTC๐ข Dubai Taxi Company Dividend & Price Update
Dubai Taxi Company (DTC) will distribute a dividend of 6.43 fils per share to all shareholders who hold the stock by market close on August 5th.
To qualify, make sure the shares are in your portfolio before trading ends on August 5, 2025.
๐ฐ Strong H2 2025 Performance
The company reported strong revenue for H2 2025, which fueled a breakout above the long-standing downtrend line โ a bullish signal for investors.
๐ Price Action & Resistance Levels
Current price: 2.70 AED
First resistance: 2.70 AED (currently testing)
Next resistance target: 2.80 AED
๐ก Strategy Insight
Holding the stock to receive the dividend appears to be a solid strategy.
We will review market conditions and decide on August 6th whether to hold or exit the position.
DTC trade ideas
DUBAI TAXI COMPANY (DTC) Riding The Ascending ChannelDTCโs bouncing clean off the old resistance, now strong demand. Classic flip. Riding within an ascending channel, eyeing 2.75+ โ just needs volume to push through
### ๐ข **Support Turned Demand Zone**
* The **previous resistance zone** around **2.33 โ 2.42** has flipped into a **strong support/demand zone**.
* Price dipped into this zone and sharply bounced, confirming **buy-side absorption** at that level.
* Classic **S/R Flip** behavior โ ideal for long setups.
* **Ascending channel** is developing โ price respecting both upper and lower trendlines.
* Higher highs and higher lows = bullish structure in play.
* Channel is guiding price towards **next resistance/supply levels**.
### ๐ก **Supply Zones**
* **2.75 โ 2.85**: Marked supply zone with heavy volume profile clusters โ likely profit-taking or institutional selling pressure.
* Expect some turbulence or partial TP in that area.
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### ๐ **RSI Perspective**
* The bounce from demand zone came with **low RSI** โ signaling **bullish divergence** or **oversold** conditions
* Another bullish technical confirmation for current long bias
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## ๐ฏ **Trading Plan**
| **Entry** | 2.54 โ 2.56 (channel support retest) |
| **Stop Loss** | Below 2.42 (under demand zone) |
| **Take Profit ** | 2.85 (major supply zone) |
| **R/R Ratio** | Approx **1:2.8** |
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> *โEvery resistance broken becomes a soldier in the support army.โ*
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### โ ๏ธ **Disclaimer**
> This analysis is for educational purposes only and not financial advice. Always do your own research and use stop losses.
Dubai Taxi Company (DTC) - Possible Bullish BreakoutDubai Taxi Company (DTC) - Possible Bullish Breakout Setup ๐
๐ Chart Pattern:
Symmetrical Triangle + Flag Formation
๐ข Revenue Estimate:$626M vs $507M** (๐ฅ +23% QoQ Growth)
Strong earnings growth supports the bullish breakout scenario.
RSI Divergence: bullish RSI divergence supporting an upside breakout.
Flag Pattern: A bullish flag suggests a continuation toward new highs.
Trade Setup:
๐ข **Entry:** **$2.73 - $2.75** (On breakout with volume confirmation)
๐ฏ **Take Profit:** **$3.15** (measured move target)
โ A **break below $2.65** invalidates the setup.
*"Markets are never wrong, only opinions are."* โ Jesse Livermore
โ ๏ธ **Disclaimer:**
This is **not financial advice.** Always conduct your own research and manage risk accordingly. Trade at your own discretion.