Aramco
The analyse of AramcoAramco was in a down trend, then a massive candle with an importante volume broke this down trend, then it return to the down trend line for testing as we see in the chart (first pull back) then he retested the trend line (second pull back) then it's resumming the up trend.
All of that indicate to buy Aramco or to keep it in portfolio.
TESLA, I do not recommend buyingTESLA, I do not recommend purchasing at this point, but keep it in your portfolio,
but when the market breaks out the support level I mean the trading range 880$ level, we will have a huge probability.
the stock probably will visit 785$ or 547$ this is the worst scenario,
but when the market breaks out the resistance with the force which is volume, probably we will see a new price 1444$ or more
Accumulation ZONE on Saudi Aramco StockAccumulation ZONE on Saudi Aramco Stock.
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ARAMCOARAMCO is forming an Ascending Triangle started in early Nov. 2020. Priced reversed from the downward trendline and the resistance area at 36.00 bushing ARAMCO to test the bullish support line of the triangle pattern. This declining is confirmed by indicators such as the RSI and OBV, hence breaking below the support line will forced ARAMCO to continue its downtrend. On the other hand, breaking over the bearish trendline then the resistance area at 36.00 will be the beginning of the bull market.
Tadawul All Share Index - Weekly - Saudi Stock Market IndexTadawul All Share Weekly Index - SAUDI ARABIA
11th April, 2021
As shown the Index is in multi year
correction from historical all time
high around 20000 mark.
Possible wave count suggests
one more leg down to as low as
6000 area may seen. The forthcoming
down move may coincide with
lower oil price and lower US,
Europe and other world stock markets.
Sustain trading above 11000 negates the downtrend scenario.
PREPARE YOUR TRIGGER TO SELL YOUR SHARES AT THE REQUERED LEVELthe buyers are still in control but we can't guarantee if the market will continue up after reaching the level of 90, this level should be your target level where you should be out of the market and sell your shares for a better and safe investment