Aljazira Takaful (8012) – Bounce from Key Support, More Upside?
The stock bounced from a strong support around 14.30 after a steep decline.
Currently testing 14.90 as a key breakout level.
If it holds, targets are set at 15.60 and 16.20, with a stop loss below 14.30.
If it fails, next support lies around 13.70.
Short-term analysis on the 4H timeframe.
Currently testing 14.90 as a key breakout level.
If it holds, targets are set at 15.60 and 16.20, with a stop loss below 14.30.
If it fails, next support lies around 13.70.
Short-term analysis on the 4H timeframe.
Order cancelled
The breakout above 14.90 failed to hold. Price rejected right after entry and reversed hard — confirming it was a false breakout.Currently trading around 14.14, sitting just above the key 14.30–14.00 support zone again.
📉 This is why we wait for confirmation — the setup was clean, but the market said "not yet.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.