Bullish as usualSaudi Stock Market is very bullish and in a strong uptrend 12600 is a resistance zone and i think market will break that and make a new high. Next target is 12800 for now.
Saudiaramco
GOOD DAY TO BUY "SAUDI ARABIAN MINING"GOOD EVENING,
today there are very good indications that the SAUDI ARABIAN MINING's stock will go up in the next few days :
1)the SAUDI ARABIAN MINING's stock is over the VWAP so it's protected by it
2)it broke the VWAP so there is a very big strength of buyers today
3)it broke the last resistance to the up but not by strength
BUT
if it breaks down the VWAP and resistance which means if it rebounded on the resistance 80% there will be a downward trend
OPEN YOUR WALLETS IT'S A CHANCE
GOOD LUCK
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.
Tihama Update - Buy & Follow the Fibonacci Levels-For Tihama the good thing to do is to follow the Fibonacci extension to well measure the extension of the current bullish move, so normally we should close at the level 63,09 or 64,64 and you can see that it match up perfectly with the resistances, but what is more logical in my opinion is to close at 63,09? SO STAY IN YOUR POSITION
Watch out closely in the next week We are near a strong resistance level at the price 17, be aware of it because this level is much respected from the last year, but if we saw again a gap in the price with a break of the price 17, then the market will repeat the previous bullish channel ,with a high probability
WE NEED TO RESPECT THE PRICE ACTION MOVEMENT TO STAY PROFITABLE WE NEED TO RESPECT THE PRICE ACTION MOVEMENT TO STAY PROFITABLE IN THIS MARKET,
Zein Analysis For The Next WeekI think that we are in a good place to buy but all we need is that the price must be up to 13,31 and then we can enter and put at least the level 14,07 as a target and it may vary regarding the behavior of the market in the next week
AN EASY QUIZ FOR THE NEXT WEEK I think that we should prepare to buy at the price 7,80 and put the price of 8,38 as a target and that may vary regarding the behavior of the market in the next week for the SL we can put 7,24,
PS: after the butterfly we saw that the market give us a strong bearish wave and then again the market did a remarkable correction with the breakout within the level 50% of the Fibonacci
Saudi Ceramic Analysis & Forecast We need a good candle in term of Body/Volume to judge that the market will change the trend
This is what professional do That would be an easy profit,
PS: the target level it is just a primary and may vary regarding the next behavior of the market
WE ARE IN A SIDEWAY POSITION AND WE NEED TO GET OUT OF IT ASAPWe need to get out from this sideway position to get a clear view about the market, but as a first view,
the market will breaks the upper of this range with a high probability
BUY AFTER THE RESTEST AT THE LEVEL OF 78%Dear all,
I think that we have to spot a good entry point within the level of 78%
kind regards
WAIT UNTIL YOU SPOT A GOOD ENTRY POINTWe need to wait further more until the market reach the range of the oversold profile then we can spot a good buy entry and take a wise investment
WE SHOULD BE OUT OF THE MARKET FOR NOW For now, we can't take accurate decision to enter in a buy position because we are in the middle of the recent price change action, I suggest to wait until the test at the oversold situation ( the green support ) and then we can buy after the market confirms our view
AGAIN TREND IS YOUR FRIEND After analyzing this bullish move we can state that the market really want to continue the uptrend and we are will supported also with the volume
I think that we can enter in the market, we can expect that the market will go up until the test of the red resistance trend line
TABUK ANALYSIS WITH WAVES AND VOLUMES, STAY OUT FOR NOWAfter seeing this strong bearish wave, it seems that we have difficulties to define the next trend of the market and also we have a lack in the volumes but anyway, we draw now this sideway range to tell that the market need to break the up of it and then we can buy, but if the market breaks the down of it then maybe we will comeback to the normal price variations.
Tihama Update - Buy & Follow the Fibonacci LevelsWe are in a good buy opportunity here because we have a lot of indications that supports us like the volume and also the tag team of the level 61 of fibonacci and the major support level in green
