Emaar have made a perfect setup that i like to trade, it breaks the resistance comes back to retest and bounce back upside. Let us not forget that emaar have made a lower high and a lower low too but it recovered and started to trade above the swing low. Today it retested the support line and closed above yesterdays close. We can make 2 scenarios here, first is either it touches trend line and trade low or it breaks the trend line becoming more powerful and be very very bullish. For intra day trading yes this can be a good stock for tomorrow as the trend line is still bit far and profits can be made.
Hit like & follow
Hit like & follow
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.