False breakdown or trapdoor setup?
Saudi market bounces sharply off 200W MA + horizontal support. Classic Stage 3 to 2 retest in action?
•Massive bullish engulfing after shakeout
•Held key support zone near 11,100
•RSI rebounding from oversold territory
•Volume spike = institutional footprint
•Above 11,556? Stage 2 breakout confirmed
•Long-term target: 13,955+
Saudi bulls: Are you ready?
#TASI #Tadawul #SaudiStocks #TechnicalAnalysis #SwingTrading #MiddleEastMarkets #StockMarket
Saudi market bounces sharply off 200W MA + horizontal support. Classic Stage 3 to 2 retest in action?
•Massive bullish engulfing after shakeout
•Held key support zone near 11,100
•RSI rebounding from oversold territory
•Volume spike = institutional footprint
•Above 11,556? Stage 2 breakout confirmed
•Long-term target: 13,955+
Saudi bulls: Are you ready?
#TASI #Tadawul #SaudiStocks #TechnicalAnalysis #SwingTrading #MiddleEastMarkets #StockMarket
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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.