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EMAAR trade ideas

EMAAR - Dubai Financial Market *****Please follow, like, and support this idea, if it helped you in anyway***** ***This is not a financial advise*** Emaar is on its way to fly high - and not thinking of looking back, It has broken the channel two time and got the rejection. On the third time with the double bottom, it might break all the resistance coming on its way. Additionally, it has also started trading as derivatives on the DFM, so buy and sell game will start Stocks holder - keep an eye for long term and the target of AED 8 is easy to attain with in 5 years of time, short term, please stay away as it will jump and retrace quickly due to derivatives pressure initially Overall, This is the heavy weight share on DFM, Chart was prepared on request from Mr. Omar
DFM:EMAARLong
by FOLLOW_PIPS
6
Strong Support HoldsEmaar was at a very important and crucial support level which i mentioned in my previous analysis - 2.55 level. We can see some price action right at the support level. For the last 2 days its making nice big green candles infact today it opened with a gap up and came down for a small profit booking too but buyers again jumped in and pushed the price to the upside. Emaar has power to move the whole market it is big stock and it has got heavy weightage on market index. I will wait for a correction and then enter the trade. Looks very bullish for now this can be a begining of a new uptrend!! Hit like & follow guys ;)
DFM:EMAARLong
by stalkstock
Still StrugglingEmaar under pressure while aldar in abu dhabi is performing excellent. It made a breakout that was fake as it could not hold the gains and dropped back at the important support level of 2.60 if this level does not hold the next support is at 2.45 over all its looking very bearish. For it to become bullish it have to close and sustain above 2.70 no trades yes just stalking. Looks bearish for now at at a crucial support level. Hit like & follow guys to show your support;)
DFM:EMAARShort
by stalkstock
2
End of Pain??It have been falling down since important support level was broken at 2.85 we are seeing a nice hammer candle right at the support level. So is the down trend of emaar finished? not yet we want to see a confirmation, once it closes above 2.68 it will be bullish for now we keep stalking we dont need to enter the trade first let the market decide and give us a some bullish signal to take the trade. Once the resistance level of 2.86 is broken we can see a nice momentum to the upside. Hit like & follow guyes.
DFM:EMAAR
by stalkstock
2
Emaar!! Common take the market up!!This is powerful stock with heavy weightage on the index when this stock moves the market moves in the same direction. Its been under tremendous pressure these days. It broke the immediate support of 2.65 level and now its going further down, next support at 2.58 level then 2.55 as of now its in a down trend so we dont enter the trade thinking that it can change the direction. We wait for the confirmation that support is holding and thn we enter the trade. There is no point entering the trade in a downtrend and increasing or losses by holding the position. Just keep stalking this one. Hit like & follow ; )
DFM:EMAARLong
by stalkstock
4
Whos Buying it??Support level of 2.65 is holding as of now. Something to notice here is it was struggling to cross 2.65 during the trading hours but in trade at last that is last 5 mins it jumped and closed at 2.67 so who bought this ? Sure we can say that big boys found this price attractive and entered the market pushing the price to the upside. If we can see a close above 2.70 tomorrow we can confirm the shift in the momentum and it will be good chance to enter the trade. Why market changes is last 5 mins?? "MARKET IS OPENED BY AMATEURS AND CLOSED BY PROFESSIONALS " Hit like & follow guys to show your support ;)
DFM:EMAARLong
by stalkstock