Tag Archives: dic

A look at strength of some UAE stocks

ALDAR

6.53 on 15OCT2009 the highest WEEKLY close,

the highest seen in at least the past 15 months.

The stock closed two weeks above 6.19

a major 2008-9 CRASH FIBO 38.2% WEEKLY CLOSING

Watch 4.56 (also a WC CRASH FIBO) on a weekly closing basis to determine general direction of the stock.

EMAAR

16OCT2009 the stock touched 5.01 intraday

but has not been able to close once above the 2008-9 WC CRASH FIBO 23.6% around 4.97

2008-9 range recap

15.50 06JAN2008 close

1.77 03FEB2009 close

DIC

closed a few times above 1.40, the first WC CRASH FIBO 23.6% but failed to break out above 1.52

ARTC

Failed to reach 4.24, WC CRASH FIBO 38.2%, now struggling again with 2.90-1

UNB

Struggled to stay above 4.06, the WC CRASH FIBO 38.2% for more than a month, must now try so stay above 3.00 site of the lower related FIBO

ETISALAT

Blocked by the 50% WC CRASH FIBO at 12.58 but did well to get there

ARMX
touched 1.94, the WC CRASH FIBO 61.8%

must try to hold 1.49, the 38.2% lower level

AABAR

broke 2.60 WC CRASH FIBO 38.2% and stayed above it for a good quarter last year.

FGB

almost touched 19.88 WC CRASH FIBO 61.8%

in a similar situation as ARMX

NBAD

touched 14.40 WC CRASH FIBO 61.8 on a few weeks, in a similar situation as ARMX and FGB

ADCB

closed just one week above 2.52

a WC MAJOR FIBO of 2007-10 range

STRONG stocks: ARMX , FGB, NBAD

MEDIUM STRENGTH stocks: ETISALAT

WEAK stocks:  AABAR, ALDAR, ARTC, UNB,

VERY WEAK stocks: ADCB, DIC, EMAAR

Special Mention

UPP, almost dead


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