Get started
Union Properties (P.J.S.C)Union Properties (P.J.S.C)Union Properties (P.J.S.C)

Union Properties (P.J.S.C)

No trades
OverviewFinancialsNewsIdeasMindsTechnicalsForecastsSeasonalsETFs

Market insights

Union Properties (UPP) DFM 30-min Long UPP just completed a textbook **ABC corrective wave** following a sharp impulsive rally that ended in a clean 5-wave move (Elliott Wave cycle complete). The correction dipped into a **15 min demand zone** formed from a previous consolidation range and found support there. From the corrective low (C), price has printed a bullish impulsive structure suggesting the beginning of a new wave sequence (potentially wave (3) of a larger wave (5)). We've broken above a descending wedge, retested the upper bound, and now pushing off demand. Volume and RSI behavior suggest accumulation. Structure is bullish AF. ### 🟩 **Demand Zone** * **Key Zone**: 0.823–0.853 AED * Strong reaction at this zone; confirmed by bounce ### 🎯 **Trade Idea** * **Entry**: 0.862–0.870 AED (current price) * **Stop Loss**: 0.823 AED (below demand & invalidation of new impulse) * **Take Profit**: 1.01 AED (measured move of Wave (3), also previous high) * **Risk/Reward**: \~3.26R ### 💰 **Risk Management** * Max \ NGM:RISK : **1–3% of total capital** * Risk per trade should align with personal equity curve and win rate “Be fearful when others are greedy and greedy when others are fearful.” – Warren Buffett ### ⚠️ **Disclaimer** This analysis is for educational purposes only. Trading carries risk. Always conduct your own due diligence before making trading decisions.
DFM:UPPLong
by DubaiTradersHub
DFM:UPP Forming Symmetrical Triangle Pattern (Long)Trade Idea: DFM:UPP Symmetrical Triangle Pattern (Long) Overview: UPP is forming a symmetrical triangle, a consolidation pattern characterized by lower highs (LH) and higher lows (HL), converging toward an apex. These patterns are often continuation signals, with the breakout direction typically aligning with the prior trend. • Prior Trend: UPP has shown strong bullish momentum, increasing the likelihood of a bullish breakout. • Current Position: The price is nearing the apex of the triangle, signaling a potential breakout soon. ________________________________________ Key Levels: • Upper Trendline: Formed by connecting lower highs, acting as resistance. • Lower Trendline: Formed by connecting higher lows, acting as support. ________________________________________ Breakout Potential: • A bullish breakout is likely in line with the prior trend. • Confirmation Criteria: 1. Candle close above 0.412 (triangle resistance). 2. Volume spike to validate the breakout. ________________________________________ Price Targets: • By Measuring the height of the triangle (widest part) and project it from the breakout point. o Primary TP: 0.444 (previous high). o Secondary TP: 0.463 (~12% potential gain). ________________________________________ Trade Setup: 1. Entry Point: o Enter long after a confirmed breakout above 0.412. o Wait for a 15M or 30M candle close above the resistance with volume confirmation. 2. Stop Loss: o Place the stop loss below the last higher low, around 0.400, to protect against false breakouts. 3. Take Profit: o TP1: 0.444. o TP2: 0.463. 4. Risk-Reward Ratios: o TP1: ~2.6:1. o TP2: ~4.25:1. Notes: • Volume Confirmation: A breakout on low volume could signal a potential fake-out. Wait for a volume surge to validate the move. • Timing Considerations: Breakouts near the apex tend to have less momentum; aim for earlier breakouts closer to 70-80% of the triangle’s formation. • Market Sentiment: Trade with discipline and avoid premature entries. "The market is never wrong; opinions often are." – Jesse Livermore Trade Safe!! ________________________________________ Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and trade responsibly.
DFM:UPPLong
by DubaiTradersHub
2
Nice Break OUTIf we talk about the over all trend of Union Properties upp then its still in a downtrend thanks to the positive news they released in Thursdays session investor got excited about this news and bought this stock like crazy. It has hit the resistance zone that is at 0.330 we saw some selling coming it. If it can sustain above 0.310 and establish a base this will be healthy and it can make a powerful breakout soon. Strong resistance at 0.330 area and then strong supply zone at 0.380 I personally think it will break the immediate resistance soon and climb up, mind you this is one of the cheapest stock in DFM and when people start to buy or sell this stock usually its with HUGE volumes. Hit like & follow guys ;)
DFM:UPPLong
by stalkstock
1
Still very TrickyUPP is been under tremendous selling pressure, for now its just taking some support at crucial demand zone that is around 0.310 zone. Still this can be very risky it can break this support area to go lower to make a new lower low. As most of the stocks in Dubai Financial Market are under selling pressure today we saw some buying coming in but this can be a short recovery too. So I would suggest wait for a trend confirmation before taking any positions. Hit like & follow guys ;)
DFM:UPP
by stalkstock
1
Will it survive here?Trend For now upp is still on a up trend but we are seeing its under selling pressure 12th July 2023. Support area is at 0.390 area and its been holding good so far. Its been retesting the same area again and again hopefully it will hold it and push the price up. Negative Scenario If the current level is not holding then most likely we will see it coming down till about 0.370 and then 0.350. Need Bull Power Bulls need to come out in open and flex their muscles to defend the current zone. I will only take it bullish once it breaks 0.410 till then its in a no trading zone for me. Hit like & follow guys ;)
DFM:UPPLong
by stalkstock
Analysis on UNION PROPERTIES Dear Emarati traders, I saw some people on a group welling to buy the UNION PROPERTIES Index for long term investment and I said why not to make an analysis on it to share it with you, I figured out that it’s not the right moment to buy it. As you can see on the chart, the price is consolidating in a channel for 3 years now and still haven’t break through it. What you’ll be waiting for is the price to break the resistance with a high volume so you make sure that it’s not a fake breakout. Please let me know in the comment section what markets you want me to analyze for you.
DFM:UPPLong
by YassineAnalysis