DFM Index
Long

Dubai Financial Market - Bulls in control?

55
Started the with a green day for the week, it took nice support at FIB levels and pushed it up indication correction is done and there is now a potential to go more upside, first target should be 1940 and then the recent swing high which is 2040. Market was good today but dint witness big volumes to close above the previous high of 1920. Bulls should show more power to push the market upwards and take full control. RSI still below 50 which is another indication that market is still in range and not yet confirmed for the up trend. I am bullish on this market

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