Emaar Stock Is On A Run
One of the favorite stock in Dubai Stock Market – Emaar Properties is trending higher. With a big bounce in the real estate sector Dubai’s property market is again booming and yes its a very good time to invest in properties.
Emaar Stock Price To Go More Higher?
Looking at the fundamentals and with the huge success of Dubai Expo 2020 I personally thing there will be a huge demand of properties in Dubai as its one of the safest place in the world to live in. Millions of people visited the Dubai Expo and many have already relocated to Dubai and thousands are yet to come after looking at the infrastructure, economy, safety, luxury and many many more positive factors which leaves no chance to think twice about Dubai. More people coming into Dubai means more housing, more residential & commercial units will be needed to full fill the demand.
Lets Talk Technical
As I keep saying in my article & also in my Youtube Videos Emaar Stock Price will keep increasing any dip is a buying opportunity as of now.
Emaar recently broke a strong resistance zone 5.18 to 5.23 after the break out Emaar come back to retest the same level again and right into the support zone (Previous Resistance) we are seeing good buying pressure with good volumes indicating “Big Boys” are buying Emaar Stock.
As I just mentioned fundamentals are looking very positive at the same time technicals are also aligning with it which is a healthy sign. My near term target is 5.50 for Emaar Stock Price.
- Support Zones are 5.26, 5.20 & 5.18 respectively.
- Resistance at 5.50 zone
Its very good time to invest in properties & UAE Stock Market.
DEWA IPO EFFECT
Many of you have sent me messages asking about the DEWA IPO and its effect on the market, well its quite simple DEWA is a MEGA IPO and everyone will try to subscribe to get a small piece of the pie. I can surely say that it will be over subscribed by many folds.
We will see liquidity coming out of the market as traders & investors will try to square up their positions in the market to subscribe this IPO. So we may see many stocks taking a dip and then once the listing is done market will adjust the price through supply & demand.
This article is for educational purpose only please do your own research before investing.
All The Best!!