EMAAR trend analysis

[thajuddeen]

[ITSME]

[thajuddeen]

[thajuddeen]

[bandakok]

expect Emaar to recover tomorrow in a green day so is ARTC.
BD had many HP guest at the opening and HP investors.
With new potential projects in yemen expected very soon for both ( U.S say )

[sharewadi]

[Novice_investor]

[OnlineTrader]

[mohsent]

[OnlineTrader]

[sam111sam]

Over the years, Taj has been the most consistent here

Always polite and mostly correct

He must have invested 1000 hr of his time sharing his thoughts with all of us.

I just wish that he would invest few extra minutes explaining better what he means..I struggle sometime till I understand his point...May be it is my broken English

KEEP IT UP TAJ

[Suhail]

Technical analysis is basically a study of stock price and volume for forecasting the future direction of the prices. It includes the indicators as mentioned by Online Trader but not limited to it. Any formula or logical deduction which is based on price and/or volume and helps in forecasting the future direction of price is technical analysis.

Now if you throw in some random numbers (not even remotely linked with market data) and apply technical analysis indicators, you will find a pattern. The reason being, human natures involvement. As technical analysis is not a pure science, you can derive the result which ‘you want to’. I think, perhaps (its just my personal non-confirmed opinion) that to avoid that human nature’s interference, we have a set of well defined, recognized and widely accepted technical analysis indicators.

A widely used word / sentence in our forum is : I see a bubble forming at ‘this’ price. Now what is a bubble? A stock market bubble is a type of economic bubble taking place in stock markets when market participants drive stock prices above their value in relation to some system of stock valuation. Stock valuation is a fundamental figure which does not change on hourly or daily basis; and so is bubble which does not form on every hour or day.

Challenges – I neither challenge anybody nor accept challenge when it comes to stock market. Anyone who is in the market would vouch that however smart you are and flex your muscles at your fundamental analysis or technical analysis knowledge, market often humbles you to the core and brings you back to the floor. I am still in learning stage; however I can very well distinguish between analysis and ‘analysis’.

Coming back to ‘Emaar Trend Analysis’; I am attaching here the chart of Emaar for the last 90 days.



The only two opportunities traders had were from 3rd Nov to 11th Nov and the sharp recovery on 4 days post DW noise. In theory, we are often told that for some traders weekly or monthly is a long term chart and for some even 30 minutes chart is long-term. Having said and read all that, I wish, I could see the demat account of any smart trader with date and price data only who had cashed one of these two opportunities or even any opportunity in the last 90 days.

The non-holding of a certain stock and expressing unbiased opinion on it - I should be extraordinarly naive to assume that if I hold certain overpriced stock and posting bullish statement on DST would bail me out.

[Novice_investor]

[Rashid]

Emaar momentum, The Inauguration of Burj Dubai, has been bought with royal money and I can't say much, but I am extremely disappointed.

From now on, the stock has no many options, but move purely on technicals.

If it will make you feel any better, here is what Al Abbar said during the inauguration ceremony: “It will have a positive impact on the first, second and third quarters of this year”

[Rashid]

[Mpower]

I have made money out of Taj's opinions on Emaar, he's opinion matters to me a lot when it comes to Emaar.

If i were to buy Emaar , i would certainly base it on Taj's opinion anyday, his articulation on matter's of technical analysis have been pretty clear, you don't have to be a broker or someone with a technical background to understand what he is trying to say.

Taj hats off. Please do give your input on Emaar, it certainly helps my bank account.

[aerojack]

Thaj,

i agreed with suhail,first that you need to stay in this forum.

Secondly we all know its a discussion forum,we sometimes need to question,discuss and understand the logic behind someones opinion.
Positive arguements always lead to positive and innovative thinking.
Most of people here are anonymous,we just share our views and challenge our thought process.
Everybody has its own rationale and technical analysis theory,so lets stick to it and keep on challengin each other,so that one day we are able to beat this beast called stock market.

I feel nobody should think of leaving this forum,sharewadi has provided us a great platform,which wont have been otherwise possible and we would have all been lost in a young and immature share market of UAE.

[dxb]

Hello all,
Can smeone pls advise, is it right time to enter emaar at current price? And will it see one more dip or a rally is expected?
Thanks in advance...

[sharewadi]

[thajuddeen]

[OnlineTrader]

[OnlineTrader]

[thajuddeen]

Last week Wednesday was having lowest prices and before that couple of weeks Thursday had the the lowest prices on most of the stocks. So probably we might have had the best price of the week already.

But the picture is not very promising as my comparative study of prices with SMA10 shows fall might continue. EMAAR, DFM, ALDAR etc have traded below 90% of SMA10. Prices have also fallen below the bolinger.

Current prices are good for short covering and selling on the rise.

THE 5 FILS THEORY - The Minor Block?
It's interesting to watch a phenomenon in EMAAR stock, in particular, a check on <=5 fils rebound during a day is bad sign. 5 fils is a minor grid of say 50 fils block. Consider it a food for thought.

It failed to break above 5 fils from the following positions.

a) 3.84-3.89
b) 3.72-3.77

c) 3.65-3.70
d) 3.59-3.64

It was able to break that sequence from 3.48 when it atleast traded upto 3.57 before closing at 3.55.

So it might be the next couple of days most probably trading around today's range before deciding a move.

A sharp rebounding close for tomorrow as US stocks sport good gains as at now.
_________________
Take your own decision; and you decide your destiny

[thajuddeen]

[thajuddeen]

Market didn't do that rebound today but stayed above yesterday's low.

The trend is downward but it could do a good rebound still.

I will expect a trading day that may range between 10-15% in the coming week.
_________________
Take your own decision; and you decide your destiny