Archive for November 2012

  • As expected, it broke the line…

    On November 21, we highlighted the anticipated fall in Abu Dhabi Commercial Bank (ADCB) following its bounce to the 3.20-3.30 zone. Our advice was [...]

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    What’s the play?

    After a sharp sell-off that pushed the price from a high of 47.5 back to 44.5, Samba (1090) appears…there is a high probability that we witness [...]

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    Is it a game changer?

    For those who say Macro events and news do not matter much for pure chartists, Emaar’s reaction on the back of yesterday’s announcement of the Mega Mall [...]

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    What’s the trade?

    In Abu Dhabi, we have seen Methaq trade within a very well-defined range of 1.02-1.14 in the past three months. The latest sell-off in the market has [...]

  • Dubai: sell the rebound

    On November 20, we said that the Dubai index (DFMGI) confirmed the indecisive November 7 break below the channel line and that the market was [...]

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    The entry is in the…

    Following a long period of underperformance, Saudi Kayan (2350) seems to have shifted to a neutral stance as evidenced by the [...]

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    We say it again…

    Since then, we saw the stock bounce off the prior low at 3.55 to retest the former high at 3.68. Therefore, it is important that we reiterate our view and [...]

  • Attained our target, now what?

    On November 19, we highlighted the break below 2.40 in Arabtec (ARTC) and we made the case for a fall to 2.25. Indeed, the stock [...]

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    The quick play

    The September-November correction in Barwa Real Estate (BRES) has pushed the stock to an important medium-term up trendline. As shown on the chart, that line [...]

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    Is it time?

    Our expectations played out and the stock witnessed a sharp fall to hit a low of 1.22. With the next area of key support lying in between [...]