UAE stocks are positive July 28th (Re-post)

The important stocks, and you should know what they are if you read this blog, look very strong, whether they lost some or gained more today.

Abu Dhabi’s stocks gained some more relative to Dubai’s, and that is just the ADX DFM General Index Ratio readjusting the ratio after the extreme moves of the past several trading sessions.

Even if stocks lose a few more percentage points in this last week of July, the bounce has been powerful for most liquid stocks. The great thing for traders who use charts is that the dramatic early to middle July plunge helped explore where important support levels lie. Some stocks revealed dangerous weakness, like Emaar Properties, and Al Dar and Sorouh. Other stocks reaffirmed their strength and their leadership, like ARMX, ARTC and AABAR. AABAR is probably the weakest of the three as seen in the recent panic attack.