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This is a discussion on Trading In UAE Stock markets, (Abu Dhabi and Dubai) within the Stocks forums, part of the Markets category;
Well for those of the investor's out there who trade in the UAE markets, got the technical analysis for today's ...
Well for those of the investor's out there who trade in the UAE markets, got the technical analysis for today's ...
4 comments
The Index in Dubai erased it's gains from early in the session and the index closed flat, like i talked about we're in a bearish mood and should see an end to the sell off at 1500 that's where a small bounce should take place.
The index in Abu Dhabi went from the lows beautifully to a small rally that was purely based on technicals, you guys should watch the analysis to learn more it's amazing how the technicals play in stocks. Still bearish in the medium term and we should find a bottom in the next few sessions
Dubai financial market came off the lows of the day with a pierce of the 1500 level, looks to me like a slightly positive signal.
Abu Dhabi Index continues to slide :S, our potential support of 2640 was breached but i feel it's mainly due to etisalat's ex-dividend so the index need's toadjust a little bit.
Should be something to look forward to if we see the debt bill passed by the senate. The house gave it the approval, now another last hurdle by the senate who need a little convincing hopefully that could be done over the weekend then we expect obama to sign the bill.
Ksa market rebound 1% because of declined on wensday by more than 2% because king entered the hospital and after confirming king is ok the market rebound but did not erase the lose.
Dfm market was green on wensday because of support of institutions because they were buyers the days before and to make good year end for the market which will reflect on their year performance. But I doubt they will still support as we are near to break 55$ for Brent very soon, Brent already touched 55.45$ which will cause panic to all markets and heavy sell
don't get so excited ... when it comes to stock goes up.. set a limit and sale at 20% 25% but don't get greedy .... ... buy low sale high...