The general index of the Dubai Financial Market closed well at 3503 points
We believe that the market is approaching the level of resistance between 3517 - 3537 points while the market support is at 3450 - 3405 points and we look positively to the market and any possible decline is to take a natural profit and rebuild the centers
A technical look at some stocks
Bank of Ajman
The Bank of Ajman is witnessing a near test of the major downtrend line, a breach of 1.20 at high liquidity means a breach of this trend and resistance to the 50-week average. What distinguishes the chart currently is the horizontal direction currently taken by the stock with a clear narrowing in the Bollinger Bands as well as a positive break on the number Of the important indicators such as MCD and RSI, which assumes the hypothesis of aggregation on the stock so it is recommended to pool in the stock with the activation of stop loss in case of break 1.09
Goals: 1.17 penetration targeting 1.20 points The trend line breached targets 1.30-1.40
