Dubai Islamic Bank Short Selling OpportunityDFM:DIB
1) DIB is in consolidation for nearly couple years now. It's a clear Triple Three Complex Correction structure. Now it's final wave form of Triple Three Correction which is wave Z.
2) To complete the structure stock price should have to go below wave Y. I think stock will go below wave Y which is 5.10.
3) My target for wave Z is Lower trend line channel.
Trade only using Hedging Strategies or Arbitrage Strategies to minimize the risk.
Dubai
EAND or E& Short Term AnalysisADX:EAND
I think Emirates Telecom. Group Company (Etisalat Group) is near the end of it's bearish trend. It's in final phase. I will upload next long term analysis also.
I think to take position in this stock it's better to wait till price to go above 19.58 to enter.
Target: -
Short term target is 21.35.
Abu Dhabi Commercial Bank in complex correction.ADX:ADCB
I think Abu Dhabi Commercial Bank is near end of it's bearish trend. It's a triple three complex correction. which is wave WXYXZ form and I think it's in wave Z. Abu Dhabi Commercial Bank is near the end of bearish trend and soon stock will start moving up.
To complete the triple three complex correction in this stock price has to go below 7.63 which is bottom of wave Y.
Target: -
1) Below wave Y which is 7.63
2) Control line or middle line of parallel channel.
3) Orange Bottom Bearish trend line which I joined first point from wave W and second point wave Y.