TASI
TASI SHORT TERM LOOKS GOODLast week, TASI hold important level at 9950 which have been a solid support for it.
As I mentioned before TASI in a minor correction (ABC) after a great rally after corona bottom. Now, almost finished the first leg (A) which formed as (W-X-Y-XX-Z)
I think that TASI will pullback up as (B) will be a quick (ABC) targeting at least 11400 to 11800.
31May is an important date for TASI
(this is not a financial advice)
ALRAJHI BANK 1120 still in downtrend!1year of correction still going strong..
we might see a pullback to 87 at most than heading to 61.8 which is act as a support.
the main support entry which I recommend to wait for 49-55 levels..
Now, I see a little swing trade with a maximum STOPLOSS at 66 and targeting 80 levels.
if there is a weekly close under 69.1 we might see 61.8 shortly be careful!
TASI to make slight correction and then uptrendTASI
Saudi Tadawul Index
On the daily chart, having a resistance level as technical indicator RSI is being overbought, and applying Fibonacci retracement, the index is likely to correct either 23% (11550) or 38% (11460), then rebound.
The next up wave will be begin after crossing up 11750, to target 12100
Note: The weekly and monthly charts are showing positive up potential.
(4250 - Jabal Omar) going in a strong up-trendJabal Omar is currently in a strong up-trend for long, medium to short range.
It's expected to reach a price range between 29 - 31 very soon.
The company is expected to grow significantly in the coming days.
All time periods are positive.
However, The stock is currently in a resistance area as indicated by the red line but the price is expected to break that resistance with a high probability.
The stock is recommended for a medium to long period investor or trader.
2281 (Bullish Setup. AB=CD, C&H Formation)Price has taken support from important zone
Trednline, Horizontal Support confluence
Price is in Uptrend (Formation of HH, HL)
Completion of AB=CD targets
New formation of AB=CD in process
Cup & Handle formation is in process
SL and TPs are specified
Ride the trend with trailing SL