Dubai Financial Market - INDEX

Apr 12, 2020

The index was powerful today with most of the stocks in green, it gave a nice and deceive breakout candle i see a small resistance at 1994 area. This is a important high as of today as this is the first high after hitting to the lowest point this month. Hopefully we see more positivity and the index pushes higher. Index is about the test 50 ema soon also RSI is just about to touch 50 which is important level to cross for short term up trend. Happy Trading

Apr 13, 2020

Note

Index is testing 50 level of rsi to be more bullish, it made a red candle today a sign of rejection and weakness. Small retracment and thn up again? lets see tomorrows closing for confirmation.

Apr 14, 2020

Note

Wow nice performance today by index i was kinda surprised with this move. Nice session today with many good opportunities to trade more money in the market. A solid green candle closing for the day and just at 50 (rsi) i see more upside tomoro with little profit taking.

Apr 15, 2020

Note

Market was not confident today, early ours it started flat and could not push higher. Overall the sentiments were not so positive, oil prices were pushing down and it reflected the markets. Tadawul also was negative and dfm followed the same. Lets see how the market performs tomorrow. To be bullish in short term RSI have to go above 50 levels