• 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

For The First Time 26000+ Trades

  • April 15, 2022
  • Stock Stalker
  • 0
dewa

Did Dewa Make a Record!!!

I have been trading in Dubai Stock Market for more than 10 years now and I have not seen this kind of volume in a particular stock. Dewa went into frenzy today as people were just buying and selling the stock like there is no tomorrow. 

Lets Talk Technical

For the last 3 days consecutively we were seeing RED candles on daily chart, today it opened with a gap up and people started buying in big volumes. 

dewa dfm technical chart
Dewa

Opening price of DEWA Stock was at 2.98 immediately after opening it hit 3.05 and expected people started to book profits as this is what usually happens if the IPO is over subscribed by many folds. In DEWA we saw selling pressure for 3 days non stop and today being a weekend I was expecting more down side as usually people don’t prefer carrying forward their positions into the weekend. To my surprise it opened with a gap up, todays opening was at 2.80 that was yesterdays resistance zone market tried many times yesterday but could not cross successfully. When any stock opens with a gap up from a previous days selling pressure it should immediately ring the bell and we should be very vigilant to see if its holding the level or people are dumping the rise. Today we say it was nicely holding at 2.80 level and after about 1 hour of opening I bought DEWA at 2.81 I didnt sell it at the resistance as i am expecting it to move more higher coming week. 

Yesterday I had uploaded a short video about DEWA and it played out almost as per the trade plan. Watch out the video here. 

For now strong resistance is at 2.90 zone once market crosses it we will see a new high and 3.05 will be taken out. Learn stock trading and start a passive income. Its very important to educate yourself before you invest in the market click here for more information. 

Please do you own research before investing this article is for educational purpose.

All The Best!!

Tags: dewadfmdubai financial marketdubai stock market

Stock Stalker

A Independent Stock Trader In U.A.E

  • Previous Abu Dhabi Stock Exchange Index
  • Next Dana Gas – ADX

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