Arabtec - DFMArtc is on a nice run thought its on a down trend, i took this tread on 15 mins chart at 0.591 was but aggressive to buy this as price did retrace back and could have got a better price. Its on a run and more up side expected in coming days. As a intraday trader i look for a profit to close the position will not hold it for long as its a down trend stock. Happy trading
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Union Properties - DFMIt has performed well and is in short term bull trend. I can see possibly 2 scenarios from here.
1) It test 200 ema and retraces back at 200 ema level and resume the rally.
2) It Test 200 ema and retraces back to its first near term zone that is 0.250 - 0.255 and resume to rally
UPP is at a important test levels which will decide its future moves. I will not take any position on this till the move is confirmed.
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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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Dubai Financial Market - IndexI see index is under pressure it could not resume its rally due to the macro factors one of which is pressured oil prices and second is due to the virus situation. It has to show some strength tomorrow to resume its really. Near term support level is at 1835-1840 zone.
To confirm this rally we need a solid close above the recent high of 1942.95 or i can see market side ways till a major news comes out.
Lets wait till tomorrow to know the direction.Happy trading!
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Damac - DFMWhat a performance by Damac, slow and steady wins the game!! it was a silent kill!! i missed this trade today. All the indicators pointing upwards and show signs to go more up i shall wait to see it closes above the cloud on daily chart and thn look for a buy with big volume. Excellent stock pick for today but misses the opportunity.Those who traded this were really smart or the big boys.
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Amanat Holdings - DFMThis stock is on fire lately, it have started a fresh bull trend and is above 100 ema and have broken the near term resistance check the lines. Its a good stock to ride on though it has a low volume but it does the work. I will look for a buy chance on this stock.
Union Properties - DfmFinally today it gave a nice and decisive breakout on daily chart with a good volume. It broke the resistance of 0.250 in the last trading hour. It have successfully tested 50,75,100 ema and how it faces a real challenge of passing 200 ema to have a confirmed near mid term uptrend. I am in the trade at 0.249 and holding it till my next target 0.275 as a intraday trader i might close to position before the target it reached cuz of uncertainty in the markets. Happy Trading!!
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Aramex - DFMAramex has got the momentum and is ready to go more upside, I shall buy this tomorrow if the market is positive, i look for intra day trade and exit quickly once i make some profit on it. See the chart for entry and exit points. Short term bullish on this stock. Happy trading
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Dubai Financial Market - INDEXThe index was powerful today with most of the stocks in green, it gave a nice and deceive breakout candle i see a small resistance at 1994 area. This is a important high as of today as this is the first high after hitting to the lowest point this month. Hopefully we see more positivity and the index pushes higher. Index is about the test 50 ema soon also RSI is just about to touch 50 which is important level to cross for short term up trend. Happy Trading
Union Proerties - DFMUPP is on a short term uptrend though still below 200 ema, its making higher highs trying to break the 0.250 which is a strong resistance as of now. The price can retrace a bit and break the 0.250 resistance to go higher a good and positive news can help achieve the target. My view on short term basis is bullish. Happy trading!
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Emaar - DFMEmaar is in a short term rally making higher lows but we need to see higher highs to confirm the trend. Also its in a serious down trend as its below all the EMAs. My suggestion would be to take small position and to close it with small targets till a proper and mid term trend is established. On the fundamental side a good news on oil deal will push the prices breaking the near resistance. Happy Trading
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Deyaar - DfmBought Deyaar at 0.235 the reason for buy was the price was making higher highs and in short term up trend. On ichimoku indicator all the lines were on my side and trade was looking positive. The price have retraced and closed at 0.233 target is the recent highs 0.242 to make profits. I see a green bar on 1 hour chart hopefully the price we go up from here as the retracement is done as its bouncing of at tenkan sen, We see price action tomorrow to book the profit or cut the losses. Happy trading
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Air Arabia - DFMWhat a beautiful run by air arabia today!! it broke the resistance level and is up more thn 10% on the day. I didnt take this trade i was waiting for the break out. I shall wait for the retest and buy for the next target. Lets wait patiently for the next opportunity. Happy Trading
Dubai Financial Market - DFMThis stock is also on short term up trend as you can see the price is above the lip jaw and teeth of the alligator, Intraday trading opportunity if the market opens positive i will look to buy immediately as its crossed the fractal level and target to last gap to fill.
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Dubai financial Market Index - dfmgiWe can say a short term up trend have started, small steps at a time. Lets set small targets and see how the market reacts. We wait for the Opec oil deal hopefully should be positive which will further boost the stock market and push it to higher levels. In my opinion prices of most the stocks are attractive and good for long term investments. Happy trading!
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Dubai Investments Co - DFMI see a good opportunity in DIC intraday trade, i intend to buy at 1.13 exactly and to be out 1.20 at the first resistance or as and when i see some green bars. Market is choppy these days cant see a good trend better to be in and out quickly. If you following my trades and like it hit the like button and follow me for more. HAPPY TRADING!
GFH - DFMIntraday trading on GFH, i was bit late for the entry but i managed to enter at 0.551. Price action is good at these levels we can target 0.558 as our first TP and 0.620 as second TP hopefully this should work out. Will keep you posted on this,. Happy trading!
Intra day opportunity for DXBEGood opportunity for intra day traders,DXBE is attracting strong buyers pushing the stock upwards. Buying area between 1.20 to 1.25 and immediate target is 1.40
Emaar Properties - Intra Day As a intraday trader i see a good opportunity to buy emaar shares, currently at 2.30 and is showing good price action on 1 hour time frame i will look for a good entry in 15 mins time frame and execute the trade with first target at 2.476. Stop loss at 2.237, good RR ratio to be in the trade. Lets see how the trade folds out. Watch out this space for more updates
Dubai Financial Market IndexThe index is heavly over sold and in a serious down trend since beginning of Jan 2020 almost 41% down from the Jan peak! i see a pin bar on a weekly chart. Have we reached bottom? may be we can see a solid green candle to say that short term uptrend or a retracement is in progress....i wish to see the index to resume uptrend very soon ...very soon above 200 ema. Lets keep a watch, i you have any ideas on this please do share with me. Happy trading !
Secrets of why XAUUSD(Gold) will still be bullishGold spot remain bullish for days....lets anticipate long trades.
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DIB TO 4.6 - 4.3 Expecting a fall in Dubai Islamic Bank share to go near 4.6-4.3 initially , we can also possibly see more decline in price coming year 2020
