The Dubai Financial Market (DFM) opened in 2018 at a high of 3400 points
Technical Analysis of the General Index
The index of the Dubai Classic market is in a positive bearish wedge 3384 targeting 3410 - 3460 - 3520 and the last level represents the target of the model, as the index stands above the level of the channel line up, which we observed respect for the market in last week's trading and the market bounce from the level of 3325 points
On the other hand, a negative movement supports 3316-3325, an important breach which targets 3265.15 targets of Harmonk AB = CD
Staging is recommended in phases with a stop loss at 3200 zones. Because of the positive divergence on technical indicators such as MACD, RSI
