Dear Saudi Traders and Investors, I'm sharing with you an analysis on one of my favorite stocks to trade, I've been leading Investors and Traders on it for a year and half now, now while waiting for a Trade to take on it, I said why not to share an analysis with you. Yoy can notice on the chart that the price was going in an uptrend for 4 months before it gives...
after stop sell side taken and the rejection of the block order ''OB'' and the change of market structure with a double bottom we will see a trend change towards supply zone
we can enter gain in the area of 70 riyal a big buyer appeared here inn this area before with high volume , AND he was able to stop the downward volume for some candlesticks. we think it will retest this area , the buyer will appear again and will shift the trend . we mus have a stop loss at 68 riyal perstock
after we see a downtrend we will see a return of an uptrend after the rejection of the price at the level of the demand zone
According to our analysis alinma Bank Shares are going up in the next months so we recommnde to byw more shares or hold if you have some