Strong Bulls Trending
No doubt that emaar properties is in a strong uptrend, people are just buying at what ever price they can. There was also a news that emaar will pay higher dividends.
Fundamentals
Real estate market is booking in Dubai and with prices going up companies revenue is also leaping many folds.
Retest
Those who have missed this beautiful rally to the upside now they are waiting for a correction including me to buy this stock. With the strong bulls around i think it can retest 38% FIB and resume its uptrend.
I think overall this stock will be very soon above 10.00 very good for long term holding too.
Hit like & follow guy ;)
