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Union Properties PJSC (UPRO)

Dubai
Currency in AED
Disclaimer
0.420
-0.004(-0.94%)
Closed

UPRO Price Commentary

Have tested 50 SMA on daily charts and 200 SMA on hourly charts. shouls bounce back from this 0.30 to 0.40 in a months time.
Market psychology is expected to turn positive next week following dip to 0.29 leaves potential for double bottom at break of 0.37 for 0.44 pattern objective
Short term trend following oscillator calls for recovery to 0.44 and break of which signal 0.66 and I think better to wait as dfmgi is set to climb toward 3200
I bought it at 0.71, would you advise me to wait and keep it?
Bear cycle since Jan 2017 has met pattern objective at 0.35 with final (C) leg labeling 1.05 - 0.66 as A then up to 0.74 as B & 0.74 to 0.35 equality target. Look for recover towards 0.66
want to see 3.85 tomorrow
strong resistance at 0.40, next resistance is 0.42, 0.44 and then 0.54
fallen from 0.70 to 0.40. expect pull up to 0.56 means around 35% return in 1 month
expect 35% return for a ST target of 0.56 in this pull up
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