Interesting closing today and finally a green candle on a daily chart. So is this starting of a up trend again? is the downside over? In my opinion NO!! As mentioned in my previous idea it did find the support at the ichimoku base line (tenkan sen) and we have seen a bounce today from the same levels. But we did not see a confirmation yet for the upside we still...
Out of all the shares on DFM i think Damac gave a good signal to buy, looks like a good time to buy and it may go more higher as it have tested the support area. Also RSI is showing bullish sign indicating more upwards momentum Check out the chart for the entry, exit & stop loss. If you like it, hit and follow :)
Clearly it could not hold above 1900 levels and selling pressure was witnessed in early hour of trading. Interesting part is it bounced right at the 26 days tenkan sen (base line in red) which is ichimoku's important indicator and a medium term trend line. Also 1850 is a 50% fib level from the current rally. Good chances that market can bounce off from here to the...
If we take a very closer look that is the very recent rally that is 1800 to 2040 we can see from the FIB levels that it have retraced 61.8% which is a important level and it have managed to close above 61.8%. If this is to be correct, we have to see the confirmation candle again which have to be above 1923 to confirm that the correction is done and uptrend should...
Aramex is on a nice bull run with good corrections, It have made good base at 2.90 area and i think it should go more up from here. Next small resistance is at 3.08 and thn it can fly to 3. 50 zone. I am surely bullish on this stock.
If you had check my earlier idea on this there was heavy buying just before the market closed indicating institutional buying. Since thn this stock is on a bull run. Thursday it gave a nice big green candle but it was immediately rejected by 200 ema acting as a dynamic resistance. Currently the price is in a channel and lets wait for it to break and close above...
The market witnessed selling pressure till 12 noon and it bottomed out for the day at 1867 zone. We can clearly say that it have visited this level last week and its a important FIB level of 38.2% however the market managed to close above 1900. Now the question is are we still in uptrend ? In my opinion we are still in short term uptrend at the same time we are...
Its on a dynamic support of 200 ema and the price is stuck in a range. If it breaks out of the box and closes out of the box it will be a good buy opportunity to go long for the next target mentioned.
Very nice up run by this stock last week even though the over all market was trending down. Currently its taking support at 200 ema and holding as it broke 200 ema and have retested it on thursday. In my opinion its a very good buy for the next target which is not very hard to achieve. Happy Trading :) Hit like & Follow
The index is in short term up trend but stuck in a range for the last 1 week. As we can see the rally started from the low of 1680 area and made a high of 2039.64, if we closely count the period its taking to make new highs and retracements it gives me a cycle of 7 days up and 5 days correction. IF we go with this cycle it can potentially give a breakout on sunday...
The market sell off yesterday with most of the stocks making a daily limit down of 5 % with fears of current virus conditions on the economy more pressure came as saudi markets opened in red and sold off. With todays closing in DFM it have found support at fib level of 38.2% retracemnt from the recent highs. The current short term trend of the index is up trend...
Going with the flow its making higher highs and trending upwards its a good chance to long and ride this trend. I joined the party at 0.352 ideally 0.345 would be a nice entry but i was waiting for confirmations. I aim at the target at around 0.370 - 0.380 area as thats the next resistance zone. I dont like to keep the positions open over the weekend under such...
It have made a higher high again on daily candle but could not close above .320, i am long on this one at 0.317 my intraday target is 0.330. This stock is in uptrend and can bounce higher. Entry 0.317 Stop loss 0.306 Target 0.330 Happy Trading :)
what a spike upwards yesterday i missed it thought but i planned to enter today, i entered at 0.551 i expect it to retrace a bit as its just crossed 200 ema surely there was some profit booking today on this i got a chance to exit as well but will keep this position to exit later this week. My first target is 0.570 will offload some quantity here and next will be 0.600
I was long on this one i exited this trade with decent profit yesterday, i see it is holding nice at 200 ema and can go higher. I may look for buying this again tomorrow. Also this is on my watchlist as its a uptrend stock as of now and traded on good volumes. Happy Trading :) Hit LIke & Follow
Nice start of the week with solid green candle saying it wants to go more up, RSI confirming the short term up trend as it has entered the BULL area now after retracing 50% from the last low. However it will be soon tested with 50 EMA. Check out the chart for the immediate resistance. My Stock Picks for the week DFM ARAMEX DAMAC AIR ARABIA DEYAAR HAPPY TRADING ;)
Nice closing with solid green candle, i see more upside coming tomorrow and can give a good opportunity for intraday trade. Buy zone is around 0.554 to 0.558 to have a nice and early entry stop loss 0.536 RSI saying it wants to go more up.Early in and out of the game as markets are not stable this days we try to book the profit same day. Happy Trading Did you hit...
This stock is in near uptrend, it gave a nice and solid closing in a market that was seriously trending low with all the stocks going down.It found resistance and 0.267 - 0.270 area trying to fill up the previous gaps but gave a nice closing candle. I think it has got more upside tomorrow again testing the lower level which is around 0.260 to 0.265. I will long...