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Dubai Market Index






12/28/2014 9:30:38 AM

Dubai Financial Market General Index extends its gains – Technical Analysis



The Index success to breach 3950.00 level and holding with a daily close above it opens the way for extended positive targets that reach 4500.00 areas.

The bullish trend scenario still continued, and we expect more gains in the upcoming period, might be preceded by some temporary fluctuation affected by the overbought signal that appears on stochastic, besides the exponential moving average 50 negativity.

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Target
Risk


Support
Resistance


Trend Bullish

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