Amanat is ready to move higherDFM:AMANAT is holding the current level very and building a good base to move higher. Long now or wait for break above 1.03 AED to target 1.14 AED, stop loss daily close below 0.99 AED.
NMDC, ADC, accumulating to target 36NMDC , ADX, Abu Dhabi
On the daily chart, the stock is building a support in the zone 18 - 21
Once the 21 level is crossed with high volume, the uptrend will be targeting 36, passing through some resistance levels as shown on the chart.
The technical indicators RSI and MACD are positive to start buying gradually while monitoring the breakout of 21.
Stop loss at 18 - 17 to be considered.
EAND, ADX, to test support line at 20.8 and rebound to 23.3EAND , AbuDhabi,
On the daily chart, the stock is moving down towards the bottom channel support line, at 20.9 - 20.8
The buying power should appear at this level, to rebound to 23.3, build support, then target 25.4
Above 25.4 with large volume will push the stock to target 29.6
Note: STOP loss at the bottom support red line with 2-3% buffer or high volume.
Good OpportunityPresight is also one of the positive stock in Abu Dhabi Stock Market, with todays volume and candle we can say that bulls have got activated. Now we want to see continuation from here. I think it will make a good move this week.
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Get ReadyBayanat is now looking very bullish, support is confirmed today with good volumes. I want to see tomorrow a small gap up opening and its ready to fly. Overall its a bullish stock now go for it.
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Make or Break?Invictus is in a strong established downtrend, for now i am seeing some signs of bull joining in at current levels but still its too early to conclude. It should break the immediate resistance first and then the long term trendline that is acting as a resistance.
Once the above is done we can say invictus is now in bulls territory, for now put this stock in "Stalking" mode and pull the trigger at the right time.
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AGHTHIA price action is promisingADX:AGTHIA is maintaining its uptrend and seems to be ready for another leg up. Todays close above 5 AED was positive although the break happened in the auction period only. If the stocks holds above 5 AED, long to target levels shown on the chart. Stop loss daily close below 4.8 AED.
Avoid thisThis one can be avoided as nothing interesting for now, yes we may get some chances once it breaks the trendline. For now its in a NO trading zone.
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Slow & SteadyThis stock is not traded with big volumes, it make little moves. Anyhow its going up but for now we can see it got rejected at resistance and now approaching the support area. Many be we will see some buying opportunity at the support zone for a quick trade.
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BreakoutTaqa was trading in the chart pattern for more than 5 months and thankfully finally we are seeing a positive breakout with good volumes. Support is tested already we can see more upside move in coming days. Any dip will be a buying opportunity.
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Waiting...Once we see a candle close above 3.10 it will be in bulls territory. So this is the time you put this stock in STALKING mode and wait for the breakout.
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Lets WaitAdnoc gas is stuck with the rectangle lets wait for the breakout to confirm the trend, this will be a wait and watch game as let it decide the trend, let the big boys buy this stock and then we will make the entry.
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Nothing interesting For now adnoc drilling is not looking good to buy. For it to turn bullish it has to cross 2 resistance areas to be in bulls territory. For now we can ignore this.
RejectionClearly we can see a rejection candle right at the resistance line, meaning still buyers are not ready to take the price any higher. It can come down to retest the support area most likely from here. Or once the resistance is broken we can see some good momentum to the upside. For now its in a NO trading zone.
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Not interestingInvictus is in a strong downtrend it does not make any sense to catch a falling knife. It keeps making lower lows so stay out of it till we spot a reversal.
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Bulls are here!!No doubt americana is in a strong uptrend, those who bought at the bottom area or at the support zone watch out the resistance zone as we might see some profit booking soon.
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Will it holdIt have broken the resistance zone successfully but now it have come down to retest the the previous resistance area. If it can hold here then we can expect more upside moment from here. This stock should be in your Stalking mode.
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BIg MoveAfter the capital adjustment this stock is just flying high and there is no question of turning back. Stongly bullish any dip is a buying opportunity also i think very soon it will touch 6.50
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Still TryingDFM 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 positive for DFM.
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Get ReadyGFH is getting ready for another big move, Support is very near and there are very good chances it will break the resistance coming days. Looking bullish for now.
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Positive MoveAir Arabia is trending up, however its at a resistance area it it survives here then the next target is around 2.80 over all air arabia is positive.
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Going UpFundamentally UPP is very weak but now its improving, but technically its in a uptrend and I think it will go higher from here slowly.
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Still PositiveDeyaar is still looking positive and its one of the stock in Dubai Stock Market that is traded with big volumes, I think it will some make a big move to the upside. Over all its in a strong uptrend.
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