Tadawul
Ranging For NowIts been in a range for so many weeks now, interesting part is its consolidating right near the resistance area that is around 150.00 if this rectangle breaks to the upside this would be a good buy chance. For now its in a no trading zone lets wait for the breakout candle.
Hit like & follow guys ;)
(1020) ALJAZIRA BANK Promising TADAWUL:1020 has just entered a decisive area (green area) .
I recommend to wait for a break of that area , that would be a high probability buy signal targeting the 1st target area .
There is a good potential to reach the second target area too if we do close above the 1st target area .
Right now the bullish momentum is slowing down a little so it is possible price returns to around the (22.8) level before breaking above the green area .
If price fails to break above the green area , then a return to the black area would be possible , and would represent a potential buy area.
Get Ready For the PartyOne of the heavily traded stock in TASI, I like the setup!! I think very soon it will make a very big move. After touching the resistance zone that is around 42.00 it touched 29.50 and bulls are in control for now. It have taken a bounce from the immediate support zone and now its ready to fill up the gap that it had created while coming down. The same GAP will now act as a resistance which should also be a first target. Over all looking in control, for a safe entry wait for a closing above resistance that is 34.30
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Correction TimeThere is no doubt that TASI is in a strong bull trend but we also know that market cannot just keep moving in 1 direction there is always a correction phase. Market as of now is over heated and need some healthy correction I think it will respect the support which coincides with the long term trendline. Overall surely TASI is a bullish market!!
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RIYAD BANK,take profit and wait probably, it is time to take profit, maybe we will see a downtrend this week and after this week,so I advise to take profit right now even the market is uptrend but we can not risk what we gain, trust me just take profit and wait for what is next.
professional trader advising you,
More UpIts a nice stock and in a up trend, its again trying to break the resistance there are good chances this time it will be sucessful. Once it crosses all time high that is 47.90 more buyers will join and it will take the stock more higher. Either it will come down at the support and go up or it can directly start going up. Very Bullish for now.
Hit like & follow guys;)
Bearish DivergenceIts been going higher and higher but now its time for some rest, a retest of support zone is expected soon and that will be buying opportunity. Also we can see a bearish divergence on the daily chart. So dont make a mistake of have a FOMO at this time. Market will give you a chance just be patient.
Hit like & follow guys;)
SABIC 2010Bearish Indicators
1- Bearish trend is confirmed after LL
2- three black crows at top trend reversal
Bullish Indicators
1- Current price @fib 38% level of complete trend
2- Next Support @fib 50% (99.32)
Trade Plan A
Long @current price with SL @106.24
Trade Plan B
Short @106.24 if 38% fib level is broken
SL @113
TP1 99
TP2 84