As I mentioned in my previous post about what was the time for buying Shares in UAE Stock Market. Today I would like to inform you that Shares on the UAE Stock curve will be dropping for the first successive trading day as investors to cash in on gains (profit taking).
This will occur as a result of an event that triggers a rise in the stock before the announcement of the financial results of companies. It is following strong gains and awaited the release of more economic data I would like to say it is a matter because, selling off shares, however, causes the price of a stock to fall.
Generally, though, profit taking is seen when there is an upward trend in the overall market. From my perspective, the profit taking will be continuous today in Dubai and Abu Dhabi Stocks Market, based on that I would strongly say it is better to leave the market at least in this time 10 - 14 days in May to some profit-taking, and then start buying from the bottom.
Good Luck
http://www.youtube.com/watch?v=2To2OpHHfyg
This will occur as a result of an event that triggers a rise in the stock before the announcement of the financial results of companies. It is following strong gains and awaited the release of more economic data I would like to say it is a matter because, selling off shares, however, causes the price of a stock to fall.
Generally, though, profit taking is seen when there is an upward trend in the overall market. From my perspective, the profit taking will be continuous today in Dubai and Abu Dhabi Stocks Market, based on that I would strongly say it is better to leave the market at least in this time 10 - 14 days in May to some profit-taking, and then start buying from the bottom.
Good Luck
http://www.youtube.com/watch?v=2To2OpHHfyg
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