SAUDI BASIC INDUSTRIES STOCK.WEEKLY ANALYSIS.Hello ladies and gentleman,according my analysis To SAUDI BASIC INDUSTRIES STOCK .there is agreat probability long to 96 SAR.
2010
SABIC (2010) will target 102 after crossing resistanceDaily chart, SABIC (2010) stock is trading in an ascending channel for a year.
Now, it is showing positive signals for upwards movement to test the resistance line (BLUE). After crossing (around 86.3), the target will be 96, then 102
Positively, the technical indicator MACD crossed the zero line up.
saoudi basic industries holders be awarehello
first as you see on my chart resepects its evolution according to the figure so:
- if it breaks the suuport line around 65.8 it will reach 59.4 then maye be pulback toward its broken support then continue its free fall until 38.6 or more.
- otherwise it will rebond on its support and buyers can hold their stocks wishing higher levels
Remember that this support is a critical level so pay attention
NB:the horizontal blue line presents a historical level that retraces history of this stock
Keep in mind that i am not having a cristal ball predicting future but i try to be more efficient and rationnal
it is on its way to the target 2010we must keep entry with stop loss
entry is a good opportunity dont miss
but keep in head the stoop around the area
SABIC TO A NEW HIGH HERE is the new target for SABIC also for the market and the other companies
my wishes only to rise slowly not sharply, coz sharp rise means sharp fall.
2010: SABIC (Golden Pocket Retracement, HL Formation)Watch for 2010, Formation of HH (HL formation in progress)
Support from trendline (Falling Wedge Top)
Support from Golden Pocket
First Green candle on Heikin Ashi (HL formation in progress)
Expected rebounce from fib retracements (91.3, 90.1)
AB=CD Target
2010: SABIC (Dow Theory)Classical Dow theory in picture
AB=CD pattern in formation
Wait for breakout of B which will be new HH
Short Trade Setup
1- Entry at Current Price 94.6 or 94.2
tight SL 93.4
TP 96.8
Long Trade Setup
2- New Entry 98.2 (on green candle closing)
TP 101.2
SL 97.2 (or previous candle bottom)
SABIC 2010 (Breakout and Retest)Moving within Falling Wedge
Breakout and Retest is observed
Formation of HH, HL
Support from MA 50,100 (Cross) -->1H TF
Trade with Stop Loss
Ride the trend with trailing stop loss
2010: SABIC (Falling Wedge Breakout)Falling Wedge Breakout Observed
Short term and long term Bullish setup is available
HH, HL formation
Wait for HL formation for Entry or at current level
Stop Loss is specified
Same setup for new entry if reach SL
Fib/Horizontal support Levels are specified for TPs
Ride the trend and Trail your stop loss
Manage your risk properly
2010: SABIC (Falling Wedge Breakout)Falling Wedge Breakout in play
Entry at current price (Aggressive)
Wait for HL formation/Retest of trendline (Conservative Entry)
Dow Bullish trend in continuation
Above 50 EMA
Strong Horizontal supports (Weekly) are specified; Watchout levels as S/R
Fib Levels are specified for TPs
Trade with proper stop loss
Ride the trend with trailing stop loss
Do proper risk management
Saudi basic industries in trading rangeAccording to what we can see in the chart 2010 is in trading rangeand we are now in the middle so we can sell short and take profit at the bottom and then wait for reversal signal and buy
Not Yet ReadyIt tried to cross a important gold ratio of FIB but could not and now its dropping down, no need to catch a falling knife lets wait for a proper up trend. For now stay away from this !!
Hit like & follow guys ;)
SABIC 2010Bearish Indicators
1- Bearish trend is confirmed after LL
2- three black crows at top trend reversal
Bullish Indicators
1- Current price @fib 38% level of complete trend
2- Next Support @fib 50% (99.32)
Trade Plan A
Long @current price with SL @106.24
Trade Plan B
Short @106.24 if 38% fib level is broken
SL @113
TP1 99
TP2 84
2010 (TADAWUL) - Bullish TrendHumbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market.
If you have any questions, do not be hesitant to send us message (inbox). Again, We have also provide signal recommendation with detail instruction
2010 (TADAWUL) - Bullish Trend
2010 - TADAWUL - Bullish PredictionHumbled, we would like to thanks for your support who has already liked, commented and followed us.
Your support, strengthens us, to help in analyzing the market.
Do not be hesitant to send us message, if u have question, or any request for stock analysis.
2010 (Saudi Basic Industries) - TADAWUL - Bullish Prediction
Bearish engulfing SPY /weeklyIn the chart, you can see all the bearish engulfing signals on the $SPX from 2018.
They have all resulted in corrections over the next 3 trading weeks, or a much stronger pullback during 1 week.
For a deeper dive on a daily chart view analysis, go to the related ideas below (Market Internals in Trouble) .
Positive Note:
If we can rally and close on a weekly basis above the high of the bearish engulfing candle; that could would negate the down-trend signal.
Is SABIC about to change its direction?SABIC currently is moving between two support and resistance lines that are about to meet soon.
So in that time, I think that a new decision will be made by either buyers or sellers to change the previous direction.
SAUDI BASIC INDUSTRIES , BUY SETUPTADAWUL:2010
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GOOD LUCK!2
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