Again Disappointment ?We have seen Deyaar has got a habit of surprising the market. Whenever we see its in a “bullish” mode and ready to go higher very same day it will be dumped and closed in RED!!
At times when Deyaar is not expected to make any move it will suddenly close with a solid green candle. Lately its been under pressure and moving side ways most of the time. It was in a bullish chart patter but unfortunately it broke to the down side and now recovering. Deyaar is a “yellow flagged” stock in Dubai Stock M
Bullish MomentumGood price action is seen, weekly closing is bullish but a strong resistance is at 2.40 previously it attempted to cross at least 3 times but was not successful. With positive market sentiments in the market I think there are good chances of it crossing and retesting the upper resistance of 2.70
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Bullish Divergence Bullish divergence us seen on daily chart its trying to cross the resistance of 0.450 but its getting rejected as seller are aggressive in that zone. After the breakout down of the descending triangle pattern it found support at 0.430 and its holding it. I think big move will come very quickly in Deyaar as this stock makes big moves on either side. Closing above 0.460 will be bullish as of now its very tricky.
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It will Hit AgainA very heavy weighted stock in Dubai Stock Market, after the dividends its very normal for the price to drop. But the most important thing after the drop is to sustain and bounce back again showing the strength in that company & stock. We are seeing similar kind of reaction from the market its trying to bounce back I think we should wait for a breakout of the sloping trend line and then trigger the trades. Over all its bullish!!
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Trying AgainIts trying again to cross the resistance of 2.40 over all its still in a uptrend all the moving averages are below the price which is bullish. If it cross the resistance of 2.40 then next target which is a solid technical resistance 2.50. Over all market is bet slow with low volumes due to the Dewa IPO as people are liquidating their position to subscribe the IPO.
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Get ReadyMajor resistance is at 4.50 and that was the target i had indicated earlier. I think Emaar had a good run after a small accumulation right at the top. I have been recommending this stock since long its very bullish even after the resistance more upside is expected.
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Where Will It GO??Its very confusing GFH is been on side ways for more than 2 months now. Big meeting is about to happen this month end hopefully if the out come is positive and everything is approved i think this stock will fly very fast. At the same time they are about to distribute dividends so naturally we will see a drop. The main thing is recovery after the drop, it should not remain flat for many days. If it recovers quickly we can see some signs that institution buying have started again. As of now its ve
Wait for a CatchA very good stock for long term with very strong fundamentals also with interest rates going up banks will benefit a lot. After the dividends its gapped down and it didnt fill up the gap yet slowly i think it will fill up the gap. As of now important support zones are 5.80 and 5.60 respectively. If it comes at 5.60 I think it will be a very good buy.
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Last ChanceIts a very good stock with good fundamentals but for the last 2 to 3 months its just in a NO trend and its ranging. Also there were so many good news about it but the market didnt react very positively this is a indication of a reversal fundamentally. If this is a distribution phase we can expect it to do more down. At the same time its still above 100day ema so we should still give it a chance. As of now in a NO trading zone.
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Again In a Boring RangeWhen a bullish stocks gets stuck in a range its get so boring. For now its in a no trading zone 100 day ema is holding but with thin volumes. We will see some good momentum once the range is broken to the upside that is 2.40 till then just keep it in your STALKING LIST.
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RejectionBag holders today got the chance to offload something at the top. If you have seen the video, detailed analysis on Air Arabia I had mentioned strong resistance is at 1.70-1.75 zone and we should expect a reaction in this zone. Over all in a uptrend I think have have to drop some "altitude" before it fly higher again.
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I Hope NOTIts been on a bullish runs for months now and the resistance is at 2.40 it have tried 2 times already and got reject if it tries quickly again for the third time there are good chances that it will break the resistance as its continuesly trying for a breakout and sellers are getting weaker now in the zone. As long as its respecting the trend line and also the 20 day EMA its safe. Over all bullish!!
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Back To PavilionIf you have seen my previous analysis on EmiratesNBD I had mentioned its stuck within a range for months, 14.25 was the resistance/upper range. It have come back to retest but we can see a huge Red candle with much of selling pressure this looks bit scary although I think buyers will tomorrow try to protect this level so that it does not go back into the RANGE which will be painful.
At the same time Banks will not increase the interest rates which will benefit banks so I think banking sector c
GO UP!!Still in a strong uptrend I have been recommending Emaar for a while as we can see its very bullish, above all the moving averages which is a bonus!! I think very soon it will touch 5.50 as real estate sector is booming also if we look at the fundamentals I think more money will come into real estate properties from Russia & Ukraine which will boost the prices and revenues of the company. Over all very busllish stock!
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Very slow and negativeIt was once looking very positive and bullish although Emaar properties is going higher but Deyaar is still stuck in a range and infact it have broken the support zone again which is very weak as of now. I think it will drop down further to retest 100 Day Ema.
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Last Chance?GFH is not performing for so many weeks although we are seeing company is buying back it shares slowly. Its at a important support level that have been tested multiple times with in a short period of time so its weaker now. Yes there are chances it may go down further. If this level is to be protected buyers have to jump in.
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