BANK ALJAZIRALong
1020 : JAZIRA BANK (a successful trade)
Updated
We love to show one of our successful trades that have :
1- Performed to targets
2- Within the time frame
3- Tight stop loss (Risk-to-Reward > 10)
4- Confirm our hypothesis about TASI and the major macro trend pull
5- Confirm our approach to trading based on volatility funnels developed by Francis Hunt.
Here is the story,
The chart have been spotted first by one of ours when broke to the 15 SAR in March of 2021 showing high potential for the underlying micro trend to perform.
After we made our analysis, both price targets and time limits have been set on the chart and we entered the trade. The price shot 20 SAR in matter of weeks. But after it took 6 months at around 18 SAR from May to Dec of 2021.
During this time we added more positions and although it was painful to set and wait, the chart never made our stop loss or go beyond the time limit. So we waited .. and waited.
In January of 2022 the price started to move upward and to meet our intermediate target at 27 SAR. We took some profit making us (+44%) for the positioned we added during that long accumulation. But the move is not over yet.
We still have two months to go based on our time analysis and we expect to reach 30 SAR before resting for extended period of time. Hopefully another accumulation that will send the price soaring at 60 SAR. But this is early to say.
We in sharing this, want to spread optimism about TASI : TADAWUL and the Saudi Stock Market. Because we believe if you can find these kind of trades that make you double your money in the span of a year why do you have to trade abroad??
Best,
FBH
1- Performed to targets
2- Within the time frame
3- Tight stop loss (Risk-to-Reward > 10)
4- Confirm our hypothesis about TASI and the major macro trend pull
5- Confirm our approach to trading based on volatility funnels developed by Francis Hunt.
Here is the story,
The chart have been spotted first by one of ours when broke to the 15 SAR in March of 2021 showing high potential for the underlying micro trend to perform.
After we made our analysis, both price targets and time limits have been set on the chart and we entered the trade. The price shot 20 SAR in matter of weeks. But after it took 6 months at around 18 SAR from May to Dec of 2021.
During this time we added more positions and although it was painful to set and wait, the chart never made our stop loss or go beyond the time limit. So we waited .. and waited.
In January of 2022 the price started to move upward and to meet our intermediate target at 27 SAR. We took some profit making us (+44%) for the positioned we added during that long accumulation. But the move is not over yet.
We still have two months to go based on our time analysis and we expect to reach 30 SAR before resting for extended period of time. Hopefully another accumulation that will send the price soaring at 60 SAR. But this is early to say.
We in sharing this, want to spread optimism about TASI : TADAWUL and the Saudi Stock Market. Because we believe if you can find these kind of trades that make you double your money in the span of a year why do you have to trade abroad??
Best,
FBH
Trade closed: target reached
2nd Target reached at 30.40 SAR.
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