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Dubaifinancialmarket

Good News, Good PushDeyaar usually dont make big moves, after the news we can see nice push to the upside but its still not in a uptrend its just a push or a bounce. No need to rush and enter as the big boys who just bought it will book their profits soon and the price will come down. Wait for a breakout of the resistance that is around 0.275 - 0.277 let it close above this and come back for a retest. Once you see a green candle again buy in big quantities for the next target at 0.298 Hit like & follow guys :)
DFM:DEYAARLong
by stalkstock
Potential Bearish Head & Shoulder PatternDubai Stock Market is at a very crucial support level, if this level breaks to the down side market will slide down to 2300 Levels this will be plan B. If the market holds at this important support level and moves to the upside there are good chances that we may see 2800 levels again. So far the market is very bearish and on a free fall!! We should stay away from the market till we see a confirmed trend to the upside. Hit line & follow guys :)
DFM:DFMGIShort
by stalkstock
Where will it bounce?We can see after making a new high recently its now on a retracement, the question is where will it take a bounce or a U turn from??? Important support levels for the market are 2550 to 2570 and 2440 to 2470. It can take a bounce and resume the uptrend. Now the most important technical support is 2440 if the market closes below this level it will be a begining of a downtrend and it will damage the chart. So in order to stay bullish market should keep trading above 2440 levels. So far its in a uptrend!! Hit like & follow ;)
DFM:DFMGILong
by stalkstock