analysis of 1150 in saudi marketbearish down of the stock toward the area shown in the video
dont miss
1150
1150 (ALINMA BANK) [Potential Reversal]A potential reversal is expected after long bearish journey
Support Zone
Golden Pocket (fib levels)
Triangle Target Completion
High Volumes are observed
Good trade potential with tight SL for high Risk Reward
short term and long term levels are specified.
trail stop loss while price makes HH and HL (bullish dow formation)
1150 (ALINMA BANK)Price Moving within Symmetrical Triangle
Short trade:
Buy @current level ()
SL mentioned
TP @ top of trianlge
Watch for Breakout of Triangle
Aggressive Entry @Breakout Level
Conservative Entry after Retest, formation of HL
Long term TPs are mentioned
Ride the trend with trailing stop loss
Good To Fly AgainThis stock is in a very strong uptrend, right into the support zone we are seeing buying pressure and the candle is very bullish. If tomorrow it crosses 29.60 this will be a good buying opportunity. Over all very bullish we can target 31.00 for short term gains.
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