Saudiarabia
SABIC AGRI-NUTRIENTS CO To SELLDear investors, my analyses concluded that the price of Sabic agri-nutrients stocks is still going to decline, so my advice is to get rid of any long position because of the high probability it showing to decline more and keep your portfolio safe.
if you have any concerns contact me for more details.
Tadawul: 2030 Al Masafi Long PositionBackground
TADAWUL:2030 in bearish market since 18th of Jan 2022 (156 d) with a loss of 46.99% (69.98)
Current Situation
The recent oil price hike observed a series of trend reversal candle stick patterns consisting of Morning Star, and Tweezer Bottom Pattern in succession during the past 8 days (since 20th June 2022)
Trading Strategy
Entry Point = 92.10
Stop Loss = 88.70 (30 points less than Low of 1st candle of bottom tweezer t avoid stop loss hunting)
1st Target or T/P = 95.5
Portfolio Size = 1000
Risk = 2%
Risk/Reward Ratio (R/RR) = 1.0
Qty = 5
Total Investment in Trade = 460.5
Maximum Possible Loss @ Stop Loss = 460.5 - 443.5 = 17
GOLD : Despite the interest rate hike, gold is destined to flyOANDA:XAUUSD
Gold is ready to fly to 1910-2000. This is a first flight and the next flights are coming, despite raising the interest rate of the Federal Reserve to 75 basis points and clarifying that there is an increase in interest rates in the upcoming meetings, which gives us evidence that the market is saturated with the impact of this news, so technical analysis and geopolitical supports She is the decision maker.
The press conference of the US Central Bank was weak in response to solve the inflation crisis, and even confirmed that inflation may stabilize at 2.2% in the year 2024 after two years, and this depends in parentheses depends that the upcoming US data must be positive, and today it was negative such as unemployment and housing data
And the next worse for the US dollar .
The best purchasing area is: 1835-1832
As a correction after going up to 1845 book your entry and stop loss below 1822
and goals:
1855
1865
1875
And the last is 1885