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TASI

1020 : JAZIRA BANK (a successful trade)We love to show one of our successful trades that have : 1- Performed to targets 2- Within the time frame 3- Tight stop loss (Risk-to-Reward > 10) 4- Confirm our hypothesis about TASI and the major macro trend pull 5- Confirm our approach to trading based on volatility funnels developed by Francis Hunt. Here is the story, The chart have been spotted first by one of ours when broke to the 15 SAR in March of 2021 showing high potential for the underlying micro trend to perform. After we made our analysis, both price targets and time limits have been set on the chart and we entered the trade. The price shot 20 SAR in matter of weeks. But after it took 6 months at around 18 SAR from May to Dec of 2021. During this time we added more positions and although it was painful to set and wait, the chart never made our stop loss or go beyond the time limit. So we waited .. and waited. In January of 2022 the price started to move upward and to meet our intermediate target at 27 SAR. We took some profit making us (+44%) for the positioned we added during that long accumulation. But the move is not over yet. We still have two months to go based on our time analysis and we expect to reach 30 SAR before resting for extended period of time. Hopefully another accumulation that will send the price soaring at 60 SAR. But this is early to say. We in sharing this, want to spread optimism about TASI : TADAWUL and the Saudi Stock Market. Because we believe if you can find these kind of trades that make you double your money in the span of a year why do you have to trade abroad?? Best, FBH
TADAWUL:1020Long
by binhajifahd
2050 : SAVOLA (The trade is ready)SAVOLA Group is a major F&B producer and distributer in Saudi Arabia and Middle East. The stock has been trading in down trend over the last year while most other companies were making new all-time high. Why? The reason being there is a major macro trend taking place since 2006. Lower lows and Higher highs forming a triangle that is generally a sign of major pull after it breaks to the upside. For the time being, the chart seems to have bottomed at around 30 SAR and now is moving on the leg up to make a new high at the upper edge of the triangle lines. We have entered the trade at 32 SAR with our target at (+23%). Keep watching this will be the trade of 2022 and 2023. Best, FBH
TADAWUL:2050Long
by binhajifahd
2380 : Petro Rabigh (+50% by Dec 2022)Petro Rabigh chart had performed very well for us last year from sub 14 to 27 SAR and now is about to perform again! The reason for this projection is the underline macro trend that is now confirmed and is about to break to the upside with potential gains of +50%. The method we use is HVF, long tested and proved accurate with combined with volume analysis. What we see in this chart is an imminent move in the stock to +23% from current levels by July 2022. And +50% by year end. Other targets are marked on the chart.
TADAWUL:2380Long
by binhajifahd
2270 : SADAFCO (+50% by December 2022)Macro analysis for Saudi Diary and Food Company, The chart indicates a bull macro trend since 2008 from H&S bottom to the top in 2017 that sent it to the bottom of the trend channel in 2018. Since then the stock has been in a pull pattern. Since recent weeks the chart has been in accumulation pattern around 170-177 SAR. It now broke above and is going for targets at 210 SAR (+23%) with potential even to achieve 50% at the top of trend channel by year end.
TADAWUL:2270Long
by binhajifahd
AL RAJHI BANK: And the show goes on The 15th of February , TADAWUL:1120 has broken above a key level (153.2) with huge bullish momentum , which triggered a sudden spike to around the 170 . After the quick spike ,price pulled back down to the 150.5-155.5 area which is an ideal buy zone with strong demand . Actually price is very likely to go up to the 179-180.5 area ,with the possibility to break above the 179-180.5 area and continue to the 195-200 area . For position management it is recommended to apply Jesse Livermore's method to this trade : Open 2 positions with the same Stop set in the red area .The first position's target is set at the 1st target area .The second position's target is set at the 2nd target area .When the first position reaches the 1st target area and closes , it is recommended to move the stop loss to the entry price for the second position targeting the 2nd target area . Fervently brought to you by Manhattan Stocks. All Requests , Suggestions and Remarks are Welcomed .
TADAWUL:1120Long
by manhattanstocks
Is the Tadawul All Share Index (TASI) overdue for a correction?The Tadawul All Share Index (TASI), which tracks the performance of all stock listed on The Tadawul, has recorded a 30.34% increase since the beginning of 2021. However, the TASI is sitting at a peak level, which appears to be a repetition of the previous boom and bust cycle. The TASI was in a comparable position in late 2014 and late 2007, before wiping out more than half its value over the proceeding months. If past performance is any indicator, the TASI might be overdue a correction. About the Tawadul The Tadawul (TADAWUL) is the only licensed Stock Exchange in Saudi Arabia, the largest Stock Exchange in the Middle East, and the twelfth largest in the world by market capitalisation. According to Statista, The aggregate market cap of the 200 companies listed on The Tadawul is approximately US $2.6 trillion (July of 2021). Contributing to an outsized portion of The Tadawul’s market capitalisation is Saudi Aramco (TADAWUL: 2222), the fourth-largest company in the world (market cap as of Sept 2021, US ~$1.9 trillion). Perhaps unsurprisingly, a vast swath of the listings on The Tadawul are companies concerned with crude oil and chemical products. Saudi Basic Industries (TADAWUL: 2010) is the Exchange’s second-largest listing, with a comparatively modest market capitalisation of US $99 billion. Financial institutions and banking groups help to diversify the offerings of the Stock Exchange. The Exchange’s former largest listings, Al Rajhi Banking & Investment (TADAWUL: 1120) and Saudi National Bank (TADAWUL: 1180 ), are currently the third and fourth largest with market caps between US $70 and US $80 billion.
TADAWUL:TASI
by BlackBull_Markets