Emiratesnbdshareprice
It will Hit AgainA very heavy weighted stock in Dubai Stock Market, after the dividends its very normal for the price to drop. But the most important thing after the drop is to sustain and bounce back again showing the strength in that company & stock. We are seeing similar kind of reaction from the market its trying to bounce back I think we should wait for a breakout of the sloping trend line and then trigger the trades. Over all its bullish!!
Hit like & follow guys :)
Back To PavilionIf you have seen my previous analysis on EmiratesNBD I had mentioned its stuck within a range for months, 14.25 was the resistance/upper range. It have come back to retest but we can see a huge Red candle with much of selling pressure this looks bit scary although I think buyers will tomorrow try to protect this level so that it does not go back into the RANGE which will be painful.
At the same time Banks will not increase the interest rates which will benefit banks so I think banking sector can be a good target for now for a new bull run.
Hit like & follow guys ;)
