Long Idea 19022023 4300 Dar Al ArkanLong Call for Dar AlArkan, considering the upcoming results can pump apart from some good fundamental news, chart is looking pretty good and following and respecting critical levels. Making HL and HH after bouncing from bottom and consolidation phase.
EP: on breaking 13.94
SL: 12.25
TP1: 17.47
RRR: 1.78
TP2: 21.45
Tadawal
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
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
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.
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