Category Archives: Stocks

Elliott Wave Analysis of BP (Energy Giant)

Just over 3 weeks back  the Wall Street Journal reported in its Market Watch that analysts were saying BP’s tumble on oil spill was overdone. It quoted analysts’ target of 730 pence for the share from its current level of … Continue reading

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Posted in UK Stocks | Tagged | 1 Comment

Elliott Wave Analysis of SABIC (Saudi Arabia)

There are few other approaches to the financial markets that serve us better than Elliott Wave Analysis. As I have said so often, an extended 5th wave can make us rich. Take SABIC for example. Just as recently as 12th … Continue reading

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Posted in Saudi Stocks Outlook | Tagged | 2 Comments

Elliott Wave Analysis of DLF, India

I am bearish for DLF (a much followed Indian Stock)  and expect it to reach at least 215. However, the better level to sell will be near 290.00 Take a look at the chart where I have given detailed elliott … Continue reading

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Elliott Wave Analysis of Tallat Moustafa, Egypt

This is the first time I looked at a stock from Egypt. I was asked to do Elliott wave analysis of Talaat Moustafa, and I’d like to share this with you today.  To put it briefly, this stock has legs … Continue reading

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Elliott Wave Analysis of Al Rajhi Bank Saudi Arabia

Here I present you with elliott wave analysis of Al Rajhi Bank, Saudi Arabia. As you can see, this stock too has behaved quite technically in the past, and elliott wave analysis suggests that we will eventually get a move … Continue reading

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Elliott Wave Analysis of ADCB Abu Dhabi

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 … Continue reading

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Posted in Dubai Stocks Outlook | Tagged | 1 Comment

Elliott Wave Analysis of EMAR Dubai

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 … Continue reading

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Posted in Dubai Stocks Outlook | Tagged | 5 Comments

Elliott Wave Analysis of Sabic (Saudi Arabia)

Here is the Elliott Wave Analysis of Saudi Basic Industries Corporation, or SABIC. Actually there are two charts that I would like you to see. The first is a monthly chart that shows the huge 5-wave rally to 252.61 has … Continue reading

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Posted in Saudi Stocks Outlook | Tagged | 6 Comments