2281: TANMIAH (Watch for Channel Breakout)Price is moving in parallel channel for a while (accumulation)
Bulls need to breakout for Long setup
Rising Wedge formation is in picture
HH, HL formation continues in higher timeframe
Entry after breakout of channel can be taken for a Good Risk Reward Ratio
Trail Stop Loss
Dowtheorybullish
1120: Al Rajhi (Bullish setup)Falling Wedge Pattern
Watchout for Breakout
Retracement from Golden Pocket considering Rally from Covid-19 and retracement
HH, HL formation until top of falling wedge Resistance
Bulls need to take control for further ride and breakout
Entry at current level (Aggressive) or Watch for Breakout
Stop Loss is specified
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 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
2310: SAHARA INTL. (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
Fib/Horizontal support Levels are specified for TPs
Ride the trend and Trail your stop loss
Manage your risk properly
TASI (Macro View)TASI on monthly/weekly time frame shows a huge potential
Ranging in Triangle with Breakout in Early 2021, price is about to retest for further upward movement
Confluencing with fundamental potentials of Vision 2030.
Government focus on Vision 2030 generates a wide range of economic reforms, creating new business opportunities, driving economic growth and diversification.
Private investment plays an essential role in realizing Vision 2030. Saudi Arabia aims to achieve
40% to 65% increase in private sector contribution to GDP
0.7% to 5.7% increase in FDI’s contribution to GDP by 2030
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
4210 (SRMG): (Watch for Triangle Breakout)Price reaching top of Triangle (Falling Resistance) after taking support from confluence zone:
Horizontal Support
Trendline Support (Bottom of Triangle)
Formation of HH, HL
Wait for breakout (Aggressive Entry)
Wait for retest/formatin of HL (Conservative Entry)
Trade with stop loss
TP levels are specified
Ride the trend with trailing stop loss
Do Proper Risk management
4013: Dr Sulaiman Al-Habib (Bullish Setup)Historical Formations of triangle patterns and target completion
Price is ranging within another Triangle formation recently
Watch for breakout for entry (Aggressive)
Wait for Retest/HL formation (Conservative)
Stop loss at trendline support
Trail stop loss until specified target levels
Manage your trades and risk
PfizerFalling Wedge Pattern Breakout; Retest in progress (wait for HL formation)
Formation of HH and HL (Dow Theory; Bullish trend)
Support from 61% fib retracement
Entry after formation of HL (50.5)
Trade with specified Stop Loss
TP levels are specified
Ride the trend with trailing stop Loss
Manage your risk accordingly