AIR ARABIA STOCK WEEKLY ANALYSISAIR ARABIA showing strong bullish breakout
Not only to keep but to buy more.
Its FlyingAfter the financial results its been flying high in the clouds, next resistance is at 1.69 zone. There are good chances it take some rest right above the resistance area and then move to the upside. Over all very bullish and in a strong up momentum.
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Very BullishIts been flying high non stop, next resistance is at 6.20. After the breakout of bullish pattern it have already hit the target and now trying to go more higher. A solid green candle indicating buyers are in full control! very very bullish, join the wagon.
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Which Side?Its in a bullish chart pattern, been waiting for a breakout in Fridays session but bulls were not very aggressive. If in Mondays session DIC opens with a gap up there are good chances it will breakout to the upside. Even a flat opening would be good to make a move to the upside. We dont want to see a gap down opening which will indicate weakness in bulls. All the best for the coming week, DIC is very bullish!!
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What Next?I have been mentioning about Emaar its bullish, next resistance zone is at 5.33 to 5.40 over all Emaar is very bullish.
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BullishDfm is also good for a positional trade, right at the support we are seeing good buying pressure indicating bulls are activated. Over all bullish!!
Getting Ready...FIRE!!!A big move in Deyaar is pending market have been hovering around the support zone for more than a month now. A big move is pending hopefully to the upside. Support zone have become weaker as not many buyers are active in this zone. A closing above 0.490 would be confirmation to buy. For now if you are a aggressive trading this is very good entry with a small stop loss and a big target.
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Bulls Are ComingGFH is looking very nice for a swing trade, once it crosses 1.25 it will be considered very bullish!! as of now its trying hard to cross the resistance of 1.23 (minor) on weekly chart we can clearly see early signs of bulls gaining the power. Stalk this stock very closely as it can make violent move to the upside most likely.
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Air arabia's price action is bullishDFM:AIRARABIA broke out of the ascending triangle formation and is holding up above the break-out level. Anticipated price action and targets are shown on the chart, stop loss daily close below 1.32 AED.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
To The Moon?Emaar have released their financial results, as we know its in a bullish chart pattern for now there are good chances for it to break to the upside, good for a swing trade. At the same time looking at geo tensions market can even react negative and the chart pattern can break to the down side. Tomorrow if it opens with a gap down wait for a bullish price action, if it opens flat it will be good buying opportunity, if it opens with a big gap up then wait for a retracement and buy at a bullish candle.
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Good MoveIts now approaching a strong resistance level that is 2.40 - 2.42 level. This can be a bull trap too so lets wait for it to cross the resistance with a proper candle close. Still the price is below 20 day moving average which is acting as resistance zone. Most of the stocks are now recovering from last 3 to 4 weeks selling pressure just a small bounce should not be considered as reversals as most of the time they act as a bull trap.
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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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TabreedExpected to have some rebound once the trend line is crossed with high volume
The rebound expected to last for short time as the volume on this share is not considered high
Overall good stock for long investment
Emaar Emaar is in declining phase (short term trend) until March
This could be wrong if it break the short trend line
Important indicator
AO in red zone
GFH, Educational idea :-)This is just my idea. Odds might be wrong. but the chart is mysterious. Note- I did not take a reasonable position yet. But the projection are totally possible. GFH is a solid company with good fundamentals from what i know. Correct me if im wrong,
DFM Looks fun!The last earnings report lead to a rally reaching >2.5X.
July21 to Sept21 the total trade value in DFM was ~10B. And between Oct21 to Dec21, the total traded stock value was 33.6B as per DFM.
Can we expect another 3x on FS release?
Emaar, Educational Idea!Patterns speak loud. This is what I think.
Feel feel free to correct me.
I have a minimal position here. after booking the Covid profits!!
Amanat, my takelets just hope this for now. Amanat has been a stock that made reasonable value creation by capital gains and dividends. The chart looks promising atleast for me. Fingures crossed.
NIH Potential for Buy as Daily is on oversoldNIH is on oversold and potentially climb up. My analysis is based on daily and monthly chart with RSI and MACD indicator for spotting good stocks.
Up Again?Nice momentum right from the support zone, yes it can be a positive breakout. Looks good for a trade :)
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Always GoodIts always good to have DIB in our portfolios, its in a healthy uptrend and also reported positive financial results. It would be a bit late to enter as of now as stop loss is way too far. However it can now be good for a positional trade. Looking Bullish!!
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