TASI
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.
TASI move to 10000After break of 9127 we will go to 9220 for sure. Hamor will start to buy after break of 9227 which will open our positions to 9600. Many bad analysts that work for hawamer they spread rumour of TASI to go 7000 again. But dont believe them follow my chart and you will see that after break of 9600 move to 10000 will be open for sure.
1211: Geometric Chart Analysis for MAADEN (with targets)TADAWUL:1211
The Saudi mining company, MAADEN price-action level chart has been performing greatly for us since we first entered after the test of L3 and sold 50% at H2. We resized after successful testing to H3 and our current average is 39.50.
Looking for our interim target to be met at 45 and projecting 48 with possible outperformance to 50. Keep watching!
SQEEZE ZONE IDENTIFIED - TOP RANGE BROKEN DOW- TADAWUL TASI 30MN#tadawul #TASI #squeeze #pullback #downtrend
The red line identifies a probable zone of squeeze and pull back. If it is broken down, there is strong probability to see the price going down further.
The blue up trending line and the two other blue horizontal line helps you to get the story for a day trader on the TASI. After a super squeeze, the market price went up and then ranged for a while before losing some power and going under the up trending blue line. Later on we observed the price ranging and going down strongly with a very significant move. Probability of people taking profits all together. I might not be done yet. The rend zone down there is probably a pivot point. Decisions are to take from there.
Waiting for price movement and clear trend would be advantageous.
For the moment we have probability to see the price going down further, ! checkpoint being traced by the red dotted line.