SABICHey traders, here is the analysi.
If you guys like my analysis please hit like👍 and follow.
Thanks.
DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT
TASI
SAUDI DAIRY TASIHey traders, here is the analysi.
If you guys like my analysis please hit like👍 and follow.
Thanks.
DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT
Long Term TASI OverviewTasi is currently retracting to the flip zone that it broke through during the COVID phase. With the bullish hidden divergence between A and C lows, the Saudi market is getting ready for a huge run towards the 30k levels to complete this Crab Harmonic pattern.
STC create Wolfe Wave Stop loss and targets are in the chart,
DYOR, this is not a financial advice,
Good luck..
TADAWUL ALL SHARES INDEXHello ladies and gentlemen, I think the time has come to buy.
TASI to 13800 SAR.
if you have any questions do not hesitate to contact me.
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
4013: Sulaiman Al-Habib (Triangle Breakout)Triangle Pattern Breakout
All Time High
Historically completing Triangle Pattern Targets
Levels are mentioned with tight SL
7202: SOLUTIONS (Triangle Breakout and Retest)A beautiful Formation of Triangle
Breakout and Retest is observed
Entry levels are defind
50% buying current price
264.20,
SL 260.8
50% buying on horizontal support
260.24,
SL 258.4
2223 (Breakout Observed, Wait for Retest)Continuosly in Uptrend
Broken Parallel Channel
Broken All Time High with good volumes
Expected move, small red candle Thursday and Sunday (Retest of Breakout)
Take entry on Sunday after accumuation for uptrend
(Another Expected move, gap up opening, test at 101.8 and move up)
trade with SL
2083: MARAFIQ (Watch for Breakout)Already taken a good upside
Continuation is expected
Short trade until an important resistance
Watch for breakout for new entry
Trade with proper SL
Manage your risk
2010: SABIC (Dow Theory)Classical Dow theory in picture
AB=CD pattern in formation
Wait for breakout of B which will be new HH
Short Trade Setup
1- Entry at Current Price 94.6 or 94.2
tight SL 93.4
TP 96.8
Long Trade Setup
2- New Entry 98.2 (on green candle closing)
TP 101.2
SL 97.2 (or previous candle bottom)
2020: SABIC-Agri (Wait for Double Bottom)Double Bottom Formation
About to touch important Support Zone
Entry 121.2 (on Green Candle Closing)
SL 120.8
TP1 136.8
TP2 141.6
TP3 146.6
Ride the trend with Trailing SL
AL OMRAN 4141 Alomran looking good in weekly frame, set on strong support and waiting to hit 90 SAR. in that point we will update, watch out from crashed support. Good luck.
Tasi It's still an uptrend Tasi
It's still an uptrend
I expect the success of the bottom test and the completion of the path
2281: TANMIAH (Trendline Breakout)Running in parallel channel (Hourly TF) after an uptrend.
Signs of accumulation
breakout from trendline is observed with good volume.
Short term trade with tight SL can be taken
Good long term potential above parallel channel top
2060 (TASNEE) (Hourly Setup)Breakout and retracement from support zone
Short term trade with good potential setup
two entry points are specified
trail with SL
2060 (TASNEE) (Trendline Resistance Breakout)Completion of Harmonic Pattern
Falling Wedge Top (Trendline Resistance) Breakout is observed
Formation of HH, HL
Double Bottom Formation
A good potential setup with small SL is available for short term ride with further potential extension.
trail SL
1150 (ALINMA BANK) [Potential Reversal]A potential reversal is expected after long bearish journey
Support Zone
Golden Pocket (fib levels)
Triangle Target Completion
High Volumes are observed
Good trade potential with tight SL for high Risk Reward
short term and long term levels are specified.
trail stop loss while price makes HH and HL (bullish dow formation)
4290 (Trendline Resistance Breakout)Strong Falling Trendline Resistance breakout observed
Formation of HH, HL
Support from 78%fib level
Good Short setup with tight SL
Trail with stoploss after watchout level (Dotted Black Line)
2340 (Trendline Resistance Breakout)Strong Falling Trendline Resistance breakout observed
Formation of HH, HL
Good Short setup with tight SL
Trail with stoploss after watchout level (Dotted Black Line)
Tasi's Scenario Tasi has been going bearish since it broke a very important neckline of a Top H&Ss. However, it is now moving a round a down slanted trend line that could be a robust support . As seen in the chart, Tasi has respected the support please see the highlighted dots. hopefully, Tasi will be back bullish but make sure 10470, an important level, not to be broken down, otherwise it is bearish.
2310: SAHARA INTL. (Falling Wedge Breakout and Retest)Price moving within Falling Wedge for quite some time.
Breakout and Retest is observed
Formation of HH, HL
Support from MA 50,100 (Cross) -->1H TF
Support from EMA 200 (Cross) -->1W TF
Fib Levels and Horizontal Suppport Levels are marked for TPs
possible formation of AB=CD in process
Trade with Stop Loss
Ride the trend with trailing stop loss
Inverse Head & Shoulders Pattern on ALGInverse Head & Shoulders Pattern on ALG targeting prices above 950 fils
