stalkstock

Emaar Properties where did the bulls go?

DFM:EMAAR   EMAAR PROPERTIES
Big sell off in thursdays session, it opened at the resistance zone and could not go higher. Heavy selling pressure at the resistance area pushed the prices low and closed in solid red candle also forming a engulfing pattern which is a bearish pattern. I think it will retest 2.43 to 2.46 zone which will fill the gap and thn go up to continue its short term up trend. Lets see how the closing of this stock to decide on the direction. Happy Trading :)

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