In the short term, Emaar's stock has shown a consistent bullish trend throughout the current year.
1-There's a likelihood that Emaar's shares will continue to rise over the next month, but there's also a chance of a significant drop to 8.21 in the near future.
2-However, if the stock doesn't drop to 8.21 , it's probable that it will continue to rise until...
Long-term outlook for Emaar stock
It's probable that Emaar stock will experience ongoing bullish trends over the next one to two years, particularly if it surpasses the 11.75 AED mark.
Conversely, failure to breach the 11.75AED threshold could signal a reversal, potentially leading to a decline in stock value to 3.97AED.
This expectation is based on...
Based 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.
The price will fluctuate between the two price areas of 7.60 to 5.40. But due to increasing pressure from sellers, we expect the price to continue to fall, however, we can create a sell deal with a target of 5.80 and a loss limit of 7.70.
Daily chart, Borogue stock is trading in a critical zone (YELLOW circle)
MACD is negative, RSI is descending, but -positively- near over-sold level.
Falling below support line (RED) will push the price towards 2.24, then 1.96
Above resistance line (BLUE) will target 2.60, 2.70, 2.84
ADX:ADNOCDIST is approaching a breakout level at 3.74 AED which is neckline of the a double bottom and above the 200 MA. Either long the break out with stop daily close below the 50 MA or enter at 3.65~3.66 AED if the stock rejects from 200 MA with a tight stop daily close below 50 MA.
Not financial advice, my view only
ADX:FERTIGLB price action shows it is ready for some price recovery. Long the breakout at 2.79 AED to target 3.05 AED. I would place the stop daily close below 10 MA.
Not financial advice, only my view
Title:
FADGI Index: Sideways Movement After Downfall
Greetings, Fellow Traders!
🌟 Hello everyone,
The FADGI Index is currently experiencing a phase of sideways movement following a recent downfall, signaling a potential shift in market dynamics.
ADX:FADGI
Key Observations:
- The FADGI Index has entered a period of consolidation after a downward...
Heading:
DFM General Index (DFMGI) Signals Long Bullish Trend 🚀
Hey Traders!
🌟 Greetings to all traders out there,
The DFM General Index (DFMGI) is currently showing promising signs of a long bullish trend, potentially opening up lucrative opportunities for traders like you.
DFM:DFMGI
Key Insights:
- DFMGI is indicating a strong inclination...
ADX:ADNOCDRILL price action is positive especially given the overall performance of the Abu Dhabi market. Long to target AED 4.05, strict stop daily close below 50 MA. The stock needs to clear the red zone to target AED 4.3.
Not financial advice, only my views
In the last wave of rise to a point of 0.468 in the middle of 2023
At that time, the point of 0.468 was considered to be the peak of the third minor of the third major, which targets the point of 0.588.
But now, after its sharp decline to 0.27 levels, it became clear that 0.468 was the first sub-peak.
This means that the target of the third sub-point is 0.695
The...
ADX:ALDAR is consolidating and getting ready to post some modest gain. As the risk to reward ratio is not attractive, I prefer to enter now with a strict stop daily close below 5.1 AED and target 5.4 AED.
The stocks need to clear the red zone to start changing its downward trend.
P.S. Not a financial advice, just my own views
Adnoc distribution is holding up well right at the support zone and I think its ready for a new leg to the upside. It has established its base at 3.70 and now its gearing up for the move. Overall this stock is still in a downtrend BUT its trying hard for the reversal. If at all we can see a closing above 3.90 then we can say that now price is in bulls territory....
