• Home
  • Course
  • Chart
  • Free Tool
  • Blogs
  • About
  • Contact
    • Home
    • Course
    • Chart
    • Free Tool
    • Blogs
    • About
    • Contact
  • support@stalkstock.com
  • Dubai World Trade Center
Join Now
Technical Analysis Course In UAE
Technical Analysis Course In UAE
  • Home
  • Course
  • Chart
  • Free Tool
  • Blogs
  • About
  • Contact

ADX Market Watch

  • January 3, 2023
  • Stock Stalker
  • 0
Abu Dhabi Stock Market

ADX Market is still in a uptrend but for now its going through a correction phase. Lately most of the stocks are either going side ways or down. Heavy weighted stock on ADX Index IHC is not trending but its gearing up for a break out. As of now its trading at 409.60 still above 20 day moving average which is acting as dynamic support. Below is the daily chart for Abu Dhabi Securities Exchange, lets have a quick ADX Market Watch.

adx index

After hitting all time high of 10671 ADX Index is in a correction phase for now. Currently market index is at 10278 which is a technical resistance zone as you can see on the chart. Index is right at 20 & 50 day moving averages once it breaks past them we will see a strong rally to the upside most likely. For now support is at 10250 zone and its beautifully holding the it. Previously the index plunged till about 10000 points that was a psychological & technical support area, we saw a strong rally to the upside from there till all time high!

IHC is heavy weighted on the market index I think once IHC starts moving up the index will fly and ADX market will soon make a new all time high. 

ADX MARKET WATCH

ADX MARKET WATCH

Multiply Adx is performing very well, it bounced from the support zone at 4.57 and as of today its trading at 4.93 I had earlier mentioned about this stock and it have already hit the target of 5.00 more upside is expected from here. Watch my video on this here.

Taqa Adx finally today it broke the flag pattern that I had mentioned in my detailed analysis watch it here if you have missed it. As per my analysis it will touch 5.00 very soon.

Emsteel Adx we can see a strong bounce today from the previous swing low 1.60 zone that is near 100 day moving average. For now we can see a bullish chart pattern in formation that is W or double bottom. If it breaks 1.75 this will be confirmed as a bullish breakout.

Burjeel Adx was in a strong downtrend after hitting all time high of 2.68 however today we are seeing a breakout of resistance zone that is 2.28 I think very soon it will hit 2.50

Americana Adx is slow for now but I am very positive it will be trending soon. Resistance is at 3.00 once we see a close above it traders and investors will grab it. 

Fertiglobe Adx is still in a strong downtrend the price is below 200 day moving average that confirms the price action, so lets stay away from it for now till it chances the trend.

Adports Adx is bullish and I am very positive about it. This stock is very strong fundamentally and technically as well. I always suggest to keep this in your portfolio as its good for long term investment. 

Adnoc Distribution Adx is also a stock to keep in your portfolio. Its in a uptrend and I am expecting a big move very soon my target is around 5.00

Eshraq Adx is still in a downtrend but I can see some positive signs of reversal at current levels that is at 0.490 a closing above 0.510 will confirm a reversal and fresh trend may start from there. I had also posted a video on this watch it here.

Bayanat Adx is still correcting itself after hitting 6.20 for now its in a no trading zone, its following the resistance line I am waiting for a breakout to go long from here. 

If you want to see more update for FREE click here.

The above is for educational purpose please do your own research before investing. 

All the best!!

 

Tags: abu dhabi stock exchangeadx marketadx market watch

Stock Stalker

A Independent Stock Trader In U.A.E

  • Previous Dfm Market Watch – Weekly Report
  • Next DEWA Share Price UAE

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Dubai Parkin IPO
  • Mastering the Dubai and Abu Dhabi Stock Markets: Comprehensive Analysis and Exclusive Recommendations
  • PureHealth IPO 2023
  • Phoenix Group IPO
  • Dubai Taxi Company IPO

Recent Comments

  1. Stock on Learn for Free
  2. JOHN on Learn for Free
  3. Lucila Recht on Dfm Market Watch 2023
  4. windaddy on Adnoc Drilling In A Uptrend
  5. munggu bali leasehold land on Emaar Share Price

Archives

  • March 2024
  • February 2024
  • December 2023
  • November 2023
  • October 2023
  • July 2023
  • June 2023
  • April 2023
  • January 2023
  • October 2022
  • September 2022
  • August 2022
  • June 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • October 2021
  • September 2021

Categories

  • ADX
  • Bitcoin
  • Crude Oil
  • DFM
  • Dfm market watch
  • Education
  • Stocks
  • Uncategorized
  • سوق أبوظبي للأوراق المالية
  • سوق دبي للأوراق المالية

Popular Tags

abu dhabi securities exchange abu dhabi stock exchange abu dhabi stock market adx adx abu dhabi adx market adx market watch adx one deyaar dfm deyaar share price deyaar stock price dfm dfm dubai dfm index dfm market dfm market watch dfm market watch live dubai financial market dubai financial market index dubai parkin ipo dubai stock exchange dubai stock market dubai stock market index emaar properties emaar share price Emaar stock price gulf financial group invest in abu dhabi investindubai investinuae learn stock trading parkin ipo salik salikdubai salikipo stalk stock stock market stock market for beginners stock trading course stock trading in dubai technical analysis tecom ipo dubai tecom ipo review tecom share price trading in dubai
Technical Analysis Course In UAE

Subscribe to the Newsletter

Technical Analysis Course In UAE

Learn  | Trade | Profit

Trade With Confidence

Address

  • Dubai World Trade Center
  • +971 50 721 21 60
  • support@stalkstock.ae
  • Response time within 24 hours

Useful Links

www.dfm.ae

www.adx.ae

www.nasdaqdubai.com

Recent Posts

parkin ipo
Dubai Parkin IPO
  • March 6, 2024
Trade signals
Mastering the Dubai and Abu Dhabi Stock Markets: Comprehensive Analysis and Exclusive Recommendations
  • February 12, 2024

Copyright 2022 Stalk Stock. All Rights Reserved.

  • Disclaimer
  • Blogs
  • Contact
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT