Breakout?Its been under pressure lately also their financials are due and i am positive the results will be good. For now we can see it have broken the trendline and it facing tremendous resistance 1.230 - 1.260 Once this resistance is broken i think GFH will cross 1.36 hopefully positive news will help cross this resistance.
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What a Support!!Today Deyaar bounced from the support zone in fact today was its last chance if the support was broken today it could have gone down till 0.420 levels. Thankfully it performed very well and the closing is very good it is surely good for a buy next strong resistance is at 0.520 and then 0.540 respectively. Looking very bullish now!!
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Ready AgainDIC is ready to fly again after making a fantastic move to the upside, if we can get a entry around 2.10 we can have a tight stop loss with good Risk Management. Also if I combine this setup with FIBO its giving us a good entry place at the golden ratio. Looking very bullish!!
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Lets GoIf emaar is positive tomorrow with emiratesnbd I think market will cross 3200 and it will be considered as a good closing for the week. Also emaar can lead other real estate stocks along with smallies. For now we can see 2 successful bounces from the support zone and its been climbing up for the last 3 days. I am positive it will give market a good push.
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Good PotentialAs a stock trader we always want to buy a stock at a support with a smallest possible stop loss. DFM is just looking picture perfect if the market is positive tomorrow and with the positive news about xCube Dubai I think it is good trade setup. Still the trend is positive this can be a range based trade.
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Tried Tried & TreidIt tried a lot to close above 1.30 recently but could not although the company is still buying back it shares but we are not seeing many people buy this stock. Only hope for now is the financial results which will be declared very soon sure the company is fundamentally very strong but need some mind blowing results to take this stock to the moon, I am still holding this :(
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I hope I am wrong :)Well if we talk about the over all trend its still safe to say we are in a uptrend, but on daily chart surely we are seeing weakness. Deyaar could not break the resistance of 0.500 and how its under pressure. After the inverted head and shoulder pattern it broke out and also hit the target but could not continue the run. Volumes are very thing on Deyaar, it have broken the support zone today. It have to open up with a gap up tomorrow and close positive to stay positive :)
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