Emaar - DFM

Emaar is in a short term rally making higher lows but we need to see higher highs to confirm the trend. Also its in a serious down trend as its below all the EMAs. My suggestion would be to take small position and to close it with small targets till a proper and mid term trend is established. On the fundamental side a good news on oil deal will push the prices breaking the near resistance. Happy Trading

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lets keep a watch on this if can break the next resistance.