Money Flows Into UAE (Archive)
Money flows into where relative strength is building in price and volume footprints.
This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.
Elevator Pitch
- Money can transcend borders and go to work for us wherever the opportunities are best.
- My technical analysis framework based on Trend Flow, Support/Resistance Location and False Breakout Traps suggests that the UAE stock market is poised to outperform the US S&P500, especially on a relative basis as it is showing strong relative strength.
- Key fundamental drivers of the UAE ETF include expansion of 5G adoption and international markets growth in Emirates Telecom, and expansion of credit growth for First Abu Dhabi Bank.
- I plan to scale in on the iShares UAE ETF over the next couple of weeks. After a brief 6.6% fall from current prices, I see 31.5% upside potential based on my technical analysis read.
Read the full article here.
Disclosures and Disclaimers
Past performance ≠ future results. Not investment advice. See full Disclaimer.
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