May 012012
 

It has been a while since we looked at the Elliott Wave Analysis of Emar, an important component of the Dubai stock index. As always, there are more comments on the chart than here. Enjoy.
PS The stock is still looking positive and could test the top of wave 1 seen earlier.

May 122010
 

Abu Dhabi Commercial Bank is an important player in the emirate of Abu Dhabi. Elliott wave analysis of its stock shows we could potentially have seen a medium term low and so long as we don’t break below the recent lows, we could well have a multibagger in our hands. Buy dips with stop below that low seen earlier this year.

May 122010
 

Elliott Wave Analysis of EMAR Dubai is more challenging than some other stocks because Emar has been moving  sideways for a while. This bellwether stock of the UAE still looks a bit soft to me and think we could get a dip as part of a B wave before the next rally can materialize. So plan your trades accordingly. It is never easy to trade in the middle of a complex correction, but once the current wave ‘c’ of the B wave is finished, we will get a strong recovery towards 5 AED.