Saudistocks
PREPARE YOUR TRIGGER TO SELL YOUR SHARES AT THE REQUERED LEVELthe buyers are still in control but we can't guarantee if the market will continue up after reaching the level of 90, this level should be your target level where you should be out of the market and sell your shares for a better and safe investment
PREPARE TO SELL YOU SHARE THE MARKET MIGH GO TO 74.54We have a strong indications that the market will go down :
1.The 3 recent candles are all in gravestone profile, the market can't break the VWAP indicator, the VWAP act as a strong resistance,
2.The Fibonacci give us the level of 75% as a strong resistance too,
3.The respect of the red trend line and the market need to go back to the channel,
Summary:
The market needs to go back the the level of 61§ of the Fibonacci retracement, and then we may have a good buy configuration, with all the past indications it's very hard to tell that the market will go up furthermore,
Saudi IndexTasi today gave a nice closing confirming more upside or rather resuming upside after the current small retracement from the recent highs. It also corresponds with FIb retracement levels. Market is ready to move upside and to test the 200 ema very soon. I can predict a J hook pattern which can be very strong up side move. I am bullish on this one. Happy Trading :)
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