QATAR stock market QE index. Bullish rising wedge?Following on my previous bullish outlooks on the United Arab Emirates and Saudi index's
I figured why not examine what's going on in other parts of the region.
And lo behold Qatar also appears to be a major bullish stance.
You can see the positive market structure
and also a potential rising w
QE Index, LONG Harmonic Pattern AB=CDAB=CD Harmonic pattern is formed
Targets are as shown on the chart
GNRIComleted Harmonic Pattern ((Deep Crab))
((For long term)) We are expecting bounce which could reached to the targets shown on the chart.
GNRI- Qatar Draw a prediction chart for the Qatari stock market index until June 30th, and predict the market movement on an Daily time frame."
Good luck
M.zaid
GNRI Long term analysis As you can see from the chart the historical trenline from the year 2000, recently the trendline have been tested when the index dropped to 9600.
I'm observing the following :
1- Alot of people calling for 8000 (2020 bottom).
2- Monthly RSI in oversold territory.
3- Alot of Qatari stocks is trad
BUY GNRIDear Qatari traders, as you can see on the GNRI 30min chart, the price pulled back numerous times before managing to make a fake breakout to come up and follow the VWAP on its way up.
TP and SL set them at your own risk!
GNRI - QE INDEXMonthly chart of QE Index
9482 is a strong support.
Still a down trend channel!
Needs to break the channel with a strong volume.
QE General Index Rebound sweet zoneCup & Handle breaking while bullish bat showing decent chance to make a higher bottom than July one
making sense that we're drawing a triangle >> boring period ahead
See all ideas
Frequently Asked Questions
The QE Index is comprised of 20 instruments including QSE:QNBK, QSE:IQCD, QSE:QIBK and others. See the full list of QE Index components to find more opportunities.
The champion of QE Index is QSE:GISS - it's gained 36.14% over the year.
The weakest component of QE Index is QSE:CBQK - it's lost 27.38% over the year.
The current value of QE Index is 9637.59 QAR — it has fallen by 0.29% in the past 24 hours.
QE Index value has decreased by 2.19% in the past week, since last month it has shown a 4.51% decrease, and over the year it's decreased by 3.15%.
QE Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy QE Index futures or funds or invest in its components.
The lowest ever quote of QE Index is 1147.46 QAR. It was reached on Apr 26, 2000.
QE Index reached its highest quote on Apr 11, 2022 — 14931.08 QAR.