Short Alrajhi BankThere is a high probability to short Al Rajhi Bank for the next days
Stop loss : 82.38
Target : 75.27
Alrajhibank
Al Rajhi Bank is going down According to our analysis Al rajhi Bank is going down so we think this is the best time to take profit
Alrajhi bank Alrajhi bank is on down trend and cup and handle is completed ..
Targets are 80 then 70 finally 67 ..
STOP above 86
AL RAJHI BANK: And the show goes on The 15th of February , TADAWUL:1120 has broken above a key level (153.2) with huge bullish momentum ,
which triggered a sudden spike to around the 170 .
After the quick spike ,price pulled back down to the 150.5-155.5 area which is an ideal buy zone with strong demand . Actually price is very likely to go up to the 179-180.5 area ,with the possibility to break above the 179-180.5 area and continue to the 195-200 area .
For position management it is recommended to apply Jesse Livermore's method to this trade :
Open 2 positions with the same Stop set in the red area .The first position's target is set at the 1st target area .The second position's target is set at the 2nd target area .When the first position reaches the 1st target area and closes , it is recommended to move the stop loss to the entry price for the second position targeting the 2nd target area .
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The analyse of Al Rajhi Bank The Rajhi bank in an up trend, and this up trend are strong as we see in the chart there are five pull backs for testing this trend line but there is any break of this trend at the moment, so this up trend are strong.
All of that indicate to keep Al Rajhi Bank in the portfolio.
Al-Radjhi Stock Perfect Time To LongOne of the best of my stock which I made tons of money is Al-Radjhi Stock. The price already started to bullish. It is a perfect time to purchase it this 2020 in the beginning of the year. This stock will rise up above SAR80. I am strongly believe this stock will go up in the future.
