Aramco Buy or Sell?Interesting scenario here, i was expecting the price to retest 32 level but its stopped on 32,20 so what do we do now? oil prices going up which is a good sign of recovery in prices also economy is opening up which is positive again.
I see 2 scenarios from here either the price come little down retest 31.95 zone and bounce from here giving us a buy signal or the price and move up from here aggressively without retracing any further. so what the game plan? in both the scenario i think its better to wait till it gives us a buy signal and indicating that the retracement is completed. Lets wait and watch and not to rush and take the trade. Sure i am looking to buy this stock so i am bullish on this one. Happy Trading
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2222
Saudi Aramco Chart ( 2222 ) Large IPO 2019My chart for TADAWUL:2222 a major 2019 IPO late in the year
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I am not trading this, just observing the fallout in the kingdom and middle east in general as a 2t valuation begins to sink over time.... The channel is downward; even if we make it back to the top I would likely expect heavy selling when we get there.
Manage your own risk
GL HF
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