Today it penetrated into the bubble making body, 4.39 - 4.55. It covered and traded exactly 75% of the body without falling below the body in the last minute pressure. There was a tussle at 4.47 which is the PIVOT of that body and mid-day range (4.43 - 4.51) PIVOT.
Closing sentiment was slightly bearish as the stock closed below PIVOT (4.44) but it still produced a bubble (3.36 -3.39).
Earlier in the day stock hit the HIGH at 4.51, which incidently is 50% retracement of 0.99 when it traded 4.02 from 5.01.
Bulls are very carefull to build the momentum slowly, slow and steady approach.
Are the bulls mobilising resouces to burst resistances at 4.65, 4.92 and 5?
How will bears counter the move?
It's the beginning of the end game. _________________ Take your own decision; and you decide your destiny
1.Emaar made a doji today which looks very bearish.(- point)
2.over 74% of today trades were above today closing, what do you think? if WW market reverse today, it will not be good.
3.There is another bubble 4.55-4.67, considering today closing It looks far away to be broken again.
Yesterday biggest accumulation was between 4.32-4.33, considering support and resistance levels: S1 (4.37) S2 (4.32) S3 (4.25) , so 4.32 seems safe enough.
However as always have a look at WW markets for any unpredicted crash.
OT is at 4.32 tomorrow, so you better position at 4.33 to cover the short position.
Well, 4.33 is the tale end of the 4.55 - 4.33 day, which looks to have some relevence in this week's trade. So 4.33 was in my mind very close to OT. _________________ Take your own decision; and you decide your destiny
EMAAR closed (4.43) below open(4.45) and PIVOT (4.44) with a black spinning top after a bubbled open.
This is a typical EMAAR reversal sign in the past.
In mid June it opened a big gap up at 4.15 and peaked at 4.21 before closing at 4.18 with over 7% gain. The next day it opened big gap down at 4.00 and almost a month long fall upto 2.27 followed.
Also note 49/50 fils is a cycle for EMAAR. It fell to 4.51 from 5.01 which is 50 fils. From 4.51 bottom to 4.02 bottom is 49 fils. Now from 4.02 bottom to yesterday's high (4.51) is 49 fils.
It will be very hard for bulls to try and break 4.51 this week. Evenif they go past that mark, what's behind it is a big bubble (4.55-4.64).
In short DFMGI will find hard to move ahead. The cues aren't very supportive as well, as TASI went down and US closed flat and failed to break above morning high even in the late second half push forward. _________________ Take your own decision; and you decide your destiny
It has reached 4.57 finally ...what do you think? whre it will take us?...hope global market will be up tomorrow else EMAAR will open GAP down..
I am still holding the stock..as there is not much movement in other stocks. even Arabtec is not moving much? any guess why that?
It has reached 4.57 finally ...what do you think? whre it will take us?...
Yes, if it goes past 4.57 tomorrow, that will be very good and a burst off will happen next week to give you good value for your holdings.
Actually index moved up quickly when EMAAR broke above 4.55 that means some other stocks also moved up.
Regional markets aren't performing like Dubai, so it could be a tribute to great Sheikh Mohammed. _________________ Take your own decision; and you decide your destiny
So, what figure we should expect Emaar to reach in near feature? ...
EMAAR bulls have been adapting a slow and steady approach to rise from 4.02 to 4.57.
If they break the bubble the immediate major target will be to break 4.92 resistance.
If the bears are planning a trap inside the bubble, bulls might pull back and book profit in the the range 4.39-4.57. Towards the close that was felt as the bear strategy. Opening interest today will be decisive of the current trend.
Below 4.39 could be a stop loss for traders. _________________ Take your own decision; and you decide your destiny
bulls might pull back and book profit in the the range 4.39-4.57.
Bulls are not giving up yet and will look for oppertunities to trade above 4.50 again, as they stayed and close inside 4.39.
Yet, bears won today forcing bulls to draw a double top (4.57) on the door steps of the bubble and that could be a sign of ... _________________ Take your own decision; and you decide your destiny
The resistance above 4.57 could be detrimental. One more failure to break above 4.57 could encourage bears to force the prices down to as low as 3.00 in phases.
We might have a range bound trade to begin the week but towards the end a clear trend to emerge.
By allowing the prices to stay inside 4.39, bears are encouraging bulls to have another try to break 4.57.
On the other hand bulls may pretend a false retreat allowing prices to fall below 4.39 to come forth with an unexpected attack.
TASI performance today will be a decisive factor in the bull/bear strategy after oil took some beating during the week end. _________________ Take your own decision; and you decide your destiny
Bulls are not willing to give up though failed an attempt.
They should rather retreat below 4.36 and mobilise resources to have another go at 4.57. _________________ Take your own decision; and you decide your destiny
This is the bubble we have been talking about for the past couple of weeks.
Bulls are trying to break this and losing resources.
If they break this holders may target a price of 4.90 this month.
Failure to break the bubble will have severe consequences when global stock rally stalls. _________________ Take your own decision; and you decide your destiny
A failure tomorrow could pave way for a bearish reversal.
I do completely agree with you and quite confidence that this gap up will be seen above 4.64.
In fact must probably again this bubble of strengh will not be filled.
US market felt for profit booking in the last hour and that's spreading to Asian markets.
It will be suicidal to try for a bubbled gap up.
This is reminding me of a bubble of strength in ARMX (1.22-130) that was created after it began a rebound from 1.02. After hitting a peak around 1.54, ARMX came upto 1.28 and traded around that for a few sessions before moving up in phases to 1.78 and 1.95. ARMX still holds that bubble. It will be interesting to study that trade pattern though reciprocal.
Market is always right. _________________ Take your own decision; and you decide your destiny
Thaj was right.
Emaar did not open with a gap up, thanks to Asian markets
And even three times attempt to break 4.58 failed.
So now we should expect lower prices , as per support levels 4.50,4.45 and 4.42 are expected.
All times are GMT + 4 Hours Goto page 1, 2, 3 ... 9, 10, 11Next
Page 1 of 11
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
Disclaimer: Investing in stocks is risky, you can lose some or all of your money and/or other assets. Anything you read on this site should be regarded as the opinion of the author only and is not to be taken as advice to buy, sell, or hold stocks and/or any other investments. Seek professional advice and do your due diligence before making investment decisions. In particular, do not assume anything you read on this site is correct or accurate. You should accept that only you can be responsible for any investing decisions you make.
2008 FY
FAQ
Search
Print-friendly
Profile
Private messages
Register
Log in
