As far as Ektitab Holding going south, we can not expect Almadina to climb.
Finally we have Ektitab climbing, with very high volumes, so Almadina.
The same happened in Kuwait also.
Will we see limit up?
I had position bought at 0.9 then I sold it yesterday at 0.92, but was lucky and fast enough to buy back it at 0.94 when I saw big orders coming through.And I sold it 0.99 today.
Probably a safer place since Kuwait is rebounding.
ALMADINA hit 69 fils in Kuwait before rebounding to 76 fils. It might find resistance above 76 fils in Kuwait to keep it bearish again but breaking 85 fils is a bullish sign. ALMADINA made a good base in Dubai with lows of 0.90, 0.90, 0.90 and 0.89. _________________ Take your own decision; and you decide your destiny
The stock is turning profitable in the lattest quarter but it's still falling in Kuwait.
It hit 62 fils in Kuwait today which might be an equalent below 0.80 in Dubai.
Kuwait index might be nearing a bottom and ALMADINA could bottom out in Dubai in the range 0.71 to 0.76. A huge rebound on the stock upon a positive Q4 result has to be.
Investors should hold on till Q4 results rather than throw away at current price. _________________ Take your own decision; and you decide your destiny
Hello everyone
A good time to enter in a stock,s like Al madina,ektikab etc, when you see voloumes almost dryed up in kuwait bourse atleast for couple of weeks.
Be safe!
In fact Almadina in Kuwait has made a bullish doji and i see it is buttoming out.
Also in addition as they are not exposed to this Dubai World crisis then it is not fair to see market behavior was same.
I expect a fast recovery for this share.
In fact Almadina in Kuwait has made a bullish doji and i see it is buttoming out....
I thought buying it at limit down will be a profitable trade and it rose from limit down (0.82) to 0.89 and closed at 0.88 but since then it hit almost 3 limit downs in Kuwait before bouncing from 62 fils to close at 67 fils at the end.
With the type of price movement with a double top at 1.06, it might dip upto 0.76 in Dubai, yet I woun't mind buying it at 0.80 on Sunday. My chemistry with the stock is excellant with all wins including a miraculous profitable exit at 1.03.
Give a helping hand at limit down. _________________ Take your own decision; and you decide your destiny
Al madina has a bright chance to go limit up on sunday !, even there after you may find up trend because, looking at other dfm stock, al madina price has fell more then 90% within 2months! therefore i find looking at scenario this stock has potential to go up
All kind of prediction of share price is gone in vain now, there is no bottom, if you have money you can accumulate now, it is possible if everyday market falls, i may wont surprise market might reach 52 week low! in fact al madina price is cheaper than kuwait price.
1kd is 12.75 dhs. you caluculate your self!
in fact al madina price is cheaper than kuwait price.
I will read it as UAE market is oversold currently. On an oversold market they can always do a little more than the prediction, say a couple of %. _________________ Take your own decision; and you decide your destiny
ALMADINA touched limit down yesterday and made new low today, however it did not rise as much as expected .
Experts (esp Taj) how do u see this stock, could it go limit up next week or should I shift to another?
Thanks in advance.
ALMADINA touched limit down yesterday and made new low today, however it did not rise as much as expected ...
It's currently oversold in Dubai.
Unless the severe bearish mood in Dubai, ALMADINA's low should have been around 0.78 for a comparative low of 62 fils in Kuwait.
The stock might break above 68 fils in Kuwait to be bullish again. It looks like the stock is having a support below 62 fils in Kuwait.
There is a bullish sign on the stock by yesterday's close and hope might not fall below 0.75 if DFMGI continues to be bullish.
I think this stock has reached its bottom in Dubai and there are more upside than downside on from here provided the support around 62 fils in Kuwait prevails.
Aed 0.71 = 56 fils in Kuwait, perhaps tell you how bearish and oversold was Dubai.
That's stock market, blind at panic. _________________ Take your own decision; and you decide your destiny
As I mentioned before Almadina as big holder of Ekttitab is very linked to its movement, Today both share limit up in Kuwait and also here.
There are buyers in Kuwait waiting to buy it right now, so I would say tomorrow this two shares will follow market behavior, If majority are limit up then this two will be.
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