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...
If we talk about the over all trend of Union Properties upp then its still in a downtrend thanks to the positive news they released in Thursdays session investor got excited about this news and bought this stock like crazy. It has hit the resistance zone that is at 0.330 we saw some selling coming it. If it can sustain above 0.310 and establish a base this will be...
UPP is been under tremendous selling pressure, for now its just taking some support at crucial demand zone that is around 0.310 zone. Still this can be very risky it can break this support area to go lower to make a new lower low.
As most of the stocks in Dubai Financial Market are under selling pressure today we saw some buying coming in but this can be a short...
Trend
No doubt for now upp is under pressure and we are not seeing any buying pressure. People are waiting for the news to get a clear direction. If there is any positive news coming out from upp this stock will fly and it will go past 0.50 very quickly.
If you are holding this stock for now its in a chart pattern and at the support zone. If it breaks then it...
Trend
For now upp is still on a up trend but we are seeing its under selling pressure 12th July 2023. Support area is at 0.390 area and its been holding good so far. Its been retesting the same area again and again hopefully it will hold it and push the price up.
Negative Scenario
If the current level is not holding then most likely we will see it coming down...
Still bullish and there is a chance of quick entry and exit in UPP for now its just taking some pause. If deyaar makes some big moves UPP will follow too. This one is good for a quick entry and exit.
Hit like & follow guys ;)
Fundamentally UPP is very weak but now its improving, but technically its in a uptrend and I think it will go higher from here slowly.
Hit like & follow guys ;)
Dear Emarati traders, I saw some people on a group welling to buy the UNION PROPERTIES Index for long term investment and I said why not to make an analysis on it to share it with you, I figured out that it’s not the right moment to buy it.
As you can see on the chart, the price is consolidating in a channel for 3 years now and still haven’t break through it....
As we know fundamentally this company is not strong and is in a loss since long time, but technically this stock is at good level to go higher. I always recommend quick entry and exit in risky stocks!!
hit like & follow guys ;)
I personally have stopped trading UPP as I am not confident with the companies fundamentals. Any ways the setup is looking good for a trade. I would recommend a quick entry and exit in the stock.
Hit like & follow guys ;)
Well we all know fundamentally this stock is not very strong, but technically it have showed us a buy signal today. Looks good for intraday trade, a quick entry and exit is recommended.
Hit like & follow guys :)
The only way i can see is down, with company in scandle and negative news around it i dont trust this stock at all. Even if it breaks the resistance i would not prefer buying it till it comes out clean. Stay away!!!
Price is trapped in a box this is also a rectangle chart pattern, we have to wait for a breakout. For now it looks like it will break to the down side this is scary!!! stay away from UPP and keep STALKING!!
Hit Like & follow guys ;)
Its also in a no trading zone, even a good news last week could not hold this stock. Selling pressure is seen on all the stocks after the panic sell at the beginning of the week. As of now its in a no trading zone, let it break the resistance to enter the trade. As of now looking bearish, a good bounce from the support area around 0.285 is expected.
Hit like and...
