DFM:SALIK - Continuation (Flag & Pole) PatternSALIK is expected to continue upward trend. Position may be taken as per the below trade plan and risk:
Buy @ 5.91
Take Profit @ 7.11
Take Profit @ 8.31
Stop Loss @ 4.73
SALIK trade ideas
SALIK (DFM) Wave 5 in playSALIK has undergone a significant correction of 18%, marking the conclusion of wave 4. There is now potential for wave 5 to commence, following a bounce from the Daily Demand Zone (DZ).
The 1.68 Fibonacci level indicates a target price of approximately 7.8, suggesting a potential increase of around 60%.
This could be a good opportunity to enter the market or add to your position
Salik Wave 5 on the way .. Hello Traders,
#Salik #DFM finishing Wave C from ABC Correction of Wave 3
4.70 - 4.80 Potential Reverse zone , wishing you all a good luck
Buy opportunityAction: Buy
Instrument: SALIK
Entry Price: 4.96 AED
Support Zone: 4.88 to 4.75 AED (Strong demand zone)
Resistance Zone: 5.60 to 5.88 AED (Key resistance levels)
Target Price: 5.60 AED (Immediate target)
Stop-Loss: 4.75 AED (Below the support zone)
Risk/Reward Ratio: 1:3
Key Points:
Demand Zone: The current price area (around 4.96 AED) lies within a strong demand zone (4.88 to 4.77 AED), indicating potential buying pressure.
Resistance: The price faces resistance at 5.60-5.88 AED. If the stock breaks through this range, there is potential for further upside.
Morgan Stanley News: Morgan Stanley lowered its rating on Salik to “Equal Weight” but raised its price target to 5.70 AED from 5.50 AED. This adjustment could provide some positive momentum towards the target price of 5.60 AED.
Risk/Reward Analysis:
Risk: 0.21 AED (4.96 - 4.75 AED)
Reward: 0.64 AED (5.60 - 4.96 AED)
Risk/Reward Ratio: 1:3 (Risking 0.21 AED to potentially gain 0.64 AED)
SALIK Dubai Financial Market Forecasting SALIK show more likely positive with Low high trend up.
As the ABC correction and Fib analysis hits the A and B trend on Day frame. its give hope for moving forward up trend to hit C.
note: be sure to watch and wait the changes for correction to hit BC so you take entry for LONG to hit the next target C to take profit.
SALIK IS BULISHBased on the upcoming movement, Salik's stock promises more growth. From a technical point of view, if it returns to the price of 3.30, it is possible to buy a transaction with low risk.
SALIK: Sell ideaOn SALIK as you see on the chart we have a squeeze so it's mean that we will have a hight probability to have a downtrend.Thanks!
Be CalmLets not rush to buy this stock, resistance is very near at 3.20 Salik will soon release its financials and I am expecting it to be good. Good chances it can open with gap up and then we may see a continuation to the upside. For now taking any entries at current levels will be risky as it can again hit the resistance to get rejected and come lower. So lets be patient, once resistance is taken out its time to HIT IT.
Hit like & follow guys ;)
Its still trendingSalik is still positive and I think very soon it will make another big move, right from the support area we are witnessing some buying pressure which is a good indication that bulls are around and charged. Very soon it will visit 3.50 zone.
Hit like & follow guys ;)
SALIK at the channel bottomIt is a good entry point if it bounces from the channel bottom
If it breaks the channel then we can expect some bearish run as the market overall is running a bear trend
All time High!!It was going so strong, but last week due to the IPO that was announced (ADNOC L& S ) people started to liquidate their positions to grab this IPO most of the positive stocks also suffered along with it. Anyhow its still looking positive to me it will rebound at support zones.
Hit like & follow guys ;)
SALIK bullish till earningsSALIK earnings on 31 May
It will make a run in bullish direction until the earnings come
Ride the bull run but if the channel is broken then there is a chance it might drop and only can run again on positive Earnings on may 31 , mark your calendar
More is comingSalik is been trending higher and its still holding at current levels. Overall this is one of the bullish stocks in DFM and more upside is expected from here. Any dip from here is buying/adding opportunity, go for it !!
Hit like & follow guys ;)
SALIK: Current Market Status and Future ProspectsThe current share price of SALIK stands at 2.90, reflecting the overall market sentiment towards the company. With a market value of 5,329,289.81, SALIK has managed to garner significant interest from investors, as evident from the trading volume of 1,845,923 shares. This substantial volume indicates that the company's shares are actively being traded, showcasing a high degree of liquidity and an optimistic outlook from the market participants.
Key Trading Metrics for SALIK
To further analyze SALIK's recent performance in the market, we will examine some key trading metrics. These metrics provide additional context to the company's current market position and investor sentiment.
Previous Close: 2.84
The previous close is the price at which the last trade occurred before the market closed. For SALIK, the previous close was 2.84, which serves as a reference point for the current trading session.
Opening Price: 2.82
The opening price is the first traded price of a financial instrument in a given trading session. SALIK opened at 2.82, which is slightly below the previous close, indicating a cautious start to the trading session.
Last Trade: 2.90
The last trade refers to the most recent transaction that took place for a financial instrument. For SALIK, the last trade occurred at a price of 2.90, which is higher than both the previous close and the opening price, suggesting increased investor confidence.
Price Change: 0.06
The price change represents the difference between the current price and the previous close. In the case of SALIK, the price change is 0.06, indicating an upward movement in the share price.
Price Change (%): 2.11
The percentage price change is the relative price change expressed as a percentage. For SALIK, the percentage price change is 2.11%, which further emphasizes the positive price movement.
Best Bid: 2.83
The best bid is the highest price that a buyer is willing to pay for a financial instrument. In the case of SALIK, the best bid is 2.83, which indicates strong demand from buyers at this price level.
Best Ask: 2.90
The best ask is the lowest price at which a seller is willing to sell a financial instrument. For SALIK, the best ask is 2.90, which suggests that sellers are looking for a higher price to offload their shares.
These key trading metrics, along with the bid and ask orders and the overall market position, provide a comprehensive overview of SALIK's recent performance in the market. Investors should take these factors into account when making decisions about their investments in SALIK.
SALIK fair value is AED 3.53Over the past year, the earnings growth (24.2%) of Salik has exceeded that of the Infrastructure industry. Its current net profit margins (83.6%) are higher than last year (80.6%). SALIK has more cash than its total debt. SALIK's debt is well covered by operating cash flow (36.2%).
SALIK is trading at AED2.26 which is below estimated fair value (AED3.53).
GO Salik !Resistance of 2.26 was broken earlier this was a early sign that bulls are coming. Todays closing is very positive and more upside is coming. Bullish!!
Hit like & follow guys;)
Bull ModeSalik have finally broken the resistance of 2.26 and now its ready for its bull journey from here. Tomorrow i think we should see a continuation from the current levels. It may open with a small gap down but i think this will be a buying opportunity.
Hit like & follow guys ;)
Salik Ready to GO?Its at a very good support area, infact its been holding the zone for so many days. Todays closing is positive if it opens flat or with small gap up this can go higher. Early bird entry should be planned once it crosses 2.8 to catch the trend.
Hit like & follow ;)
Go Salik !!If we compare the last 3 IPOs that is Dewa, Tecom, Union Coop. Salik is performing very well infact it started to recover in just 3 days after the listing. Its at a support level now and if tomorrow market is positive and if it opens flat or with a small gap up I think we will see buying momentum but incase if it opens with a gap down stay out of it till we see another buying signal.
Hit like & follow guys ;)
Dubai's Salik begins debut trading on DFM at $0.65 The public offering of Dubai's Salik, which raised 3.735 billion UAE dirhams ($1.017 billion), started today at 2.40 UAE dirhams ($0.65) per share. It is up 20% from its IPO price.
The company's IPO was over-subscribed by 49 times. It also announced that it would allocate a minimum of 1,000 shares to its subscribers in the first and second batches.
In the first five minutes of trading, Salik's volumes exceeded 85 million shares. This was due to the heavy buying by retail investors, who were able to surpass their subscriptions. After five minutes, the stock was trading at around 2.27, up 13 percent. On the other hand, the other DFM counters, such as DEWA, were almost flat.
Salik volumes easily crossed 100 million by 10:10AM Dubai time, it's believed that it could easily reach 200 million shares.
Now, the total traded value of Salik's shares is around Dh414 million. Based on the current volume, it is believed that the company is poised to become the biggest traded IPO of the year on a listing day.
If the market's expectations are met, it will be a remarkable achievement for the Dubai government, which has been aggressively pursuing its efforts to monetise its assets. The strong debut of Salik shows that the country's financial assets are still regarded as top-notch.
