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KSA

Did LIV Tour Mark the top in KSAKSA (Saudi Arabia) has broken beneath the channel from the 2020 low. The underside of the channel has acted as resistance the last few days. If you're unaware, the Saudis are the financial backing for the new LIV golf tour. Exorbitant amounts of money are being offered in order to attract players to the new tour. It stands to reason that the Saudis wouldn't be doing this unless they were flush with cash...which is a result of high asset values (oil in this case). They also wouldn't be doing this unless they were extremely optimistic and market tops are marked by extreme optimism. This is just a thought but the chart is interesting regardless. -Jamie Saettele
AMEX:KSA
by jsaettele
9512 (RIYADH CEMENT CO.) ANALYSISTADAWUL:9512 is in a really interesting area right now . In fact there is a BEARISH MARKET SENTIMENT at the moment , but the price needs to close below the red box (35.7 - 35.2 area) for a BEARISH CONFIRMATION .Actually ,If it succeeds to close below the red box (35.7 - 35.2) area ,It is very likely to continue the bearish evolution towards the 33-33.5 area . On the contrary ,If price doesn't close below the red box , and later succeeds to close above the red line (36,5) then it is likely to remain stuck in the (36.5 - 37.8 )area ( between the red line and green line ) .At that time It would be just as interesting to watch the market ,and wait for a potential BULLISH CONFIRMATION : In fact , if price succeeds to close above the green line (37,8) ,it is very likely to reach the ( 40 .5 - 41 )area .
9
by StockAnalystPro
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:2222
by MohammedEl-Sherbiny
EURUSD | SWING - 8. Sep. 2020Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** The euro bounces back at support and did not break it, so it will rise to the aforementioned resistance, according to the volume profile indicated. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. *** The information given is not a Financial Advice. BTCUSD Apple GBPUSD EURUSD XAUUSD
Long
by Saeed966
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