It could not survive or recover completely although its financial results were very promising. Good chances it can come down to retest 1.33 zone and then may be we can see a bounce. Very small volumes for now it this stock. Need market maker who can provide liquidity for this particular stock. Hit like & follow guys ;)
The share of Dubai Financial Markets(DFM) went up in an impulse in March 2023 and then from July - oct end retraced 78% of the impulse. The share now completed a simple zig zag correction(ABC) and is all set to move towards AED 1.86 mark in coming few moths. Note*- this post is for educational purpose only
DFM is been slow lately, I was expecting DFM would be the best performer because the market got many IPOs and DFM will directly benefit from it. But to my surprise it still below 2.0 I guess its under performing. This stock should de above 5 after so many new listings in the market, also the turnover & volume of the market have significantly increased which is...
DFM:DFM despite being a choppy stock recently, the stock is holding up well above 50 and 200 SMA and a golden cross is about to happen, it also about to break out above a downtrend which is holding the stock since august 2022. Long now with stop loss daily close below 1.45 AED or to be on the safe side long the break out of 1.55 AED level with the same stop....
DFM has been in a bear trend since April 2022 Currently if we assume that the bottom was 1.12 levels then according to fib golden pocket it will not be a Bullish reversal confirmation until it hits back 2.11 levels At the moment this bearish channel drawn also needs to be broken to make an assumption that yes now its making new Highs to come out of the bear...
going to test levels of 1.22 / 1.18 if it breaks then lower to 1.05 too many new companies listed and cash flow is being lost in action and too many companies with high prices and withdrawing cash to them salik / dewa/ unioncoop and the upcoming listing will casue more cash shortage for the short term awaiting for the 3rd quarter results
Dfm my though its will return to 1.75 and then bullish up
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if you want invest on this stock .... i think this point for entry
DFM seems to be developing a cup and handle, more visible in higher time frame., or what. Hope this bounces upward. hope that the war/Covid/int rates won't let the bears win.
its been under pressure for the last 4 days after making a big move to the upside. Its now at a important support level we want to see buying pressure to confirm the support level with good volumes. If this happens and we see a candle close above 2.75 W pattern will be activated and most likely this time it will cross 3. For now its in a no trading zone lets wait...
DFM have shown us solid buying pressure right near the support zone, this is what we have been waiting for since the correction started. Todays gap up was first indication that it can fly although i was not expecting this big move but yes i was expecting some positive reaction into the support zone. More IPOs are coming up DFM will benefit the most so its a very...
Most likely we can see another rally to the upside its at a good support level a good buying pressure will add another confirmation to our trade idea. For now 20 day moving average is acting as support also golden ration of FIb level is giving us a go ahead. Time to STALK this STOCK very closely. Hit like & follow guys ;)
DBM - Dubai Financial markets are going to go to the moon again
Good price action is seen, weekly closing is bullish but a strong resistance is at 2.40 previously it attempted to cross at least 3 times but was not successful. With positive market sentiments in the market I think there are good chances of it crossing and retesting the upper resistance of 2.70 Hit like & follow guys ;)
When a bullish stocks gets stuck in a range its get so boring. For now its in a no trading zone 100 day ema is holding but with thin volumes. We will see some good momentum once the range is broken to the upside that is 2.40 till then just keep it in your STALKING LIST. Hit like & follow guys ;)
Hello Trader This is our analysis for DFM if u have any question, drop me message. Thank you