Emaar has been opening with small gap downs but its still surviving and closing positive. Its right at strong support and ready ready to fly higher from here. Catch this train!
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Emaar is now in bullish mode, buyer are active. 6.00 is strong support area for now. We can expected it to touch 6.50 slowly and steadily.
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For now its not looking very good as there are chances it can go further down. For now at a support level but it can hit the resistance as a bounce. Should be considered bullish ONLY when it closes above 6.00
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The Fundamentals are easy stocks are going down on nervousness related interest rate movements.
The Technicals suggest a bearish divergence in formation that would yield a movement downward.
So confluence can take EMAAR til 4.98 or 4.1
hello freinds
this chart we shows that this market will know an uptrend on next days when i recommend buying with a fort probability
if you have any questions you can write it in commentaire below and i will answer them
and please don't forget to support this ideas with your like and comment thank you
cordialy
Emaar Just zoomed today in early session but could not sustain the gains and closed red. Strong resistance at 6.40 for now. I think it would be better if it spends some time near the resistance and gather a new momentum for a breakout that should sustain. Overall still bullish!!
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After the news Emaar have jumped but its not able to sustain the gains, it can make a violent move to the downside with a gap down expected tomorrow. If you have entered at lower levels its good time to book profit. Else wait for a bullish price action at support level. Over all trend is still intact to the upside.
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Its been under pressure even after positive financial results, I think it will come down to retest the support level again. Do not rush to buy this one and get trapped. Wait for a confirmation of bullish price action. For now its in a NO trading zone.
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Analyzing the change in trend and the volume profile in conjunction with a fibonacci retracement, this stock looks like a hold for the ones who entred on the 55 Weekly EMA
Over all very bullish and even after the dividends it didnt adjust too much it means big boys and institutions are holding this stock for long term. Any dip is buying opportunity.
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We are seeing rejection candles a 6.40 level which have become a resistance for now. If tomorrow it cross 6.25 it means we can expect more downside and it can come down to retest 6.14 zone. Over all its very bullish & dividends date is approaching too. Any dip from here is a buying opportunity.
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I had mentioned in my last update as well Emaar is very bullish any dip is a buying opportunity. I think Emaar will soon cross 7.00
Go for it highly Reco0mmended!!
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Over all Emaar is very bullish but since Dewa have joined the party Emaar is shying away most of the traders are now shifted to DEWA but Emaar is very strong and its getting ready for the break out. I think it will soon touch 7.00 but before that a small hurdle at 6.40 also dividends are coming up so many investors will like to add more position to their...
