4220 Emmar 12% profit 4220 Emmar 12% profit with low cost.
The company has a huge projects that are working on and 6.5 is undervalued.
It has a gap to be filled with 12% profit from 6.5 and stop line is under 6.3
Emaar, The Economic City
No trades
Market insights
2360 - EMAAR THE ECONOMIC CITYEMAAR THE ECONOMIC CITY
Potential Harmonic Pattern.
Targets are shown on the chart.
Buy ideaAs you see on the chart we have a good candle with a long wick and small body so it's mean that we will have a good uptrend! Thanks!
4220 Setup for Long4220 setup for long
1- trend is bearish but reversal is expected
2- next support is at 8 which was not broken since Aug 2020
3- Volume is high
4- Next resistance is at 8.7
5- Entry Zones
-Zone1: 8.2 when bearish trend line is broken and price have retested it.
-Zone2: 8.1 when price reaches to the support
Analysis: Big probability of an uptrend : Bearish ChannelHere we are in a downtrend as you see on the chart. But we will have a big probability of an uptrend if we have the breakout with force the vwap indicator and the breakout with force the resistance line by a big green candle with a large green volume.Thanks.
EMAAR ANALYSIS FOR A SHORT TERM VIEW ( SHORT )The market need to do a pull back at the resistance level which will work as a great magnet/support, and after this recent candle we can expect a down within the level of 10.17,
HOLD ON! DUE TO THE GREEN VOLUME, WE NEEED TO WAIT TO SELLPlease share with me your thoughts, Regards
Buy 4220you can buy this share at this price and less with stop loss and take profit as of attached chat.
