TASI ANALYSIS after taken liquidity of sell side we will see an expansion to taken liquidity of buyside and fill gap of down trend
Tasianalysis
Tasi Daily Analysis Here the Tasi daily analysis we have good area for buying opportunity the trend is bullish and the targets are clear to see , Enjoy
🚀 TASI surge 24% in 2023: Decoding the next move in 2024.Tadawul All Share Index (TADAWUL:TASI)
1) In the day chart we noticed that the Tadawul All Share Index has formed a head and shoulder pattern from April 2023 - September 2023 and a obvious neckline breakout marks the end of the H&S pattern.
2) At the end of H&S pattern we noticed a big red candle closed at 50% into the body of the previous green candle. This is a trend reversal sign known as Dark Cloud candles.
3) Since the August 2023 a sharp down trend consist with mostly the red candles. It signifies strong bearish momentum. TASI had fallen from 11933 to 10262, nearly 14% correction in a span of just 12 weeks.
4) We noticed the bullish flag pattern started forming since mid Nov 2023, where two parallel trendlines preceded by a flag pole which clearly indicates strong bull's presence in the index.
5) Dec 2023 onwards TASI started moving straight upward after flag pattern breakout and again forming a bullish flag pattern. Such back to back flag breakouts give prominent signal of long bullish run to be continue.
Happy Trading!
Cheers to this bull run!
Tasi - Bullish Signs Show some good signs:
1- 200 moving average breakout
2- level 11159.5 break
If price continue up move
target will be:
TP1: 11933 level
ABDULMOHSEN ALHOKAIR 1820 - Bullish Signs Show some good signs:
1- First 200 MA retest
2- 2.07 support turn to resistance with good bullish candle
If price continue up
target will be:
TP1: 2.19 level
TP2: Daily 200 MA
HALWANI BROS. CO. 6001 - Bullish Signs Show some good signs:
1- Bullish H&S
2- Retest VAWAP
If price continue up move
target will be:
TP1: 52 level
TP2: Daily 200 MA
TP3: Weekly 200 MA (pink line)
long for long time, TASI. The main stock market index in Saudi Arabia (TASI) increased 604 points or 5.76% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks this benchmark index from Saudi Arabia.
TASI has a promising opportunity Dear supporters
I got a lot of request to analyze the Saudi Index TASI, here we are.
most of the stocks now at the accumulations phase and I see a very good investments and trading opportunity.
good luck every one
extra stock in saudi marketno entry at that point we can enter at confirmation when pentrating the area shown in the video
Tadawul All Shares Index Weekly AnalysisAfter change of character and break of structure and rejection of the Golden Zone Fibonacci 50% and 60% and fill FVG '' Fare Value Gap '" in this zone we will see a contuniation of up trend to fill FVG of down trend and take liquidity of the buy side
1010 RIYADH BANKh4 timeframe price is bullish.
falls becouse takenout trendline liqudity.
only order block at extreme point.
i will enter if in ltf any choch or flip or liqudity sweap entry.
TASI WEEKLY ANALYSIS after the creation of engulfing candle we will see a continuation of uptrend towards supply zone
Tadawul All Shares IndexTADAWUL:TASI
Tadawul All Shares Index
The general index of the Saudi market has come down and we have already identified the areas of demand and we said on Twitter that it will go up when it trades in and so on
view on TASITASI is bearish for the short term ,
that is not signal , it is just my view
what is your view for tasi ?
share your view .
TASI how to trade the downtrend in TadawulSaudi stock market, also known as Tadawul, is the largest in the Middle East, and it has been in spotlight due to various economic reforms aimed at diversifying the country's economy and reducing its reliance on oil exports. The government's Vision 2030 plan includes initiatives to attract foreign investment, develop non-oil sectors, and privatize state-owned companies, which could contribute to the growth of the stock market.
Technical analysis:
- TASI has enjoyed a bull run to reach highs of 14,000 in May-22 from the Covid lows of 5,600 in Mar-20
- It is in downtrend since last 10 months and next support level is pre-Covid peak of May-19 at 9,386
- On daily timeframe, 200 DMA support is broken and price is headed downwards
- Volume is below average
- Negative directional movement
Strategy:
Price is trading in descending channel. Below strategies can be useful:
- Sell the top of channel
- Buy at the bottom of channel
- Buy if the price breakouts above the channel
Recommendation: SELL
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
TASI dumping to 8k rangeOur loving but always dropping TASI will continue down to 8400-8800 for several reasons.
1- The macro market. (Mainly)
2- It's broken down a major and well-defined trendline since 2008 and shows signs of rejection. Bears are in control at this point in time.
3- All major long term fib lines align at this point.
4- An order block (weekly) that followed the recovery of the market after the COVID crash was formed but was never retested as of yet.
Should the macro market continue to deteriorate, there is a major trendline at the 7000 range to hold us up. Breaking any further than than, let's say to the 5600-6000 range, is a fire sale 🔥 🔥
Well that's most of the bad news. There will be good trading days that will follow. Just stay focused on growing your capital legends. So when the bottom of the market truly arrives, we will have the power to invest for the long term. Take care.
TASI time to buyafter we have had a continuation pattern Bullish Flag and a Divergence at the Rsi level we can take the buy position
Tasi maybe is going upwe recommande to buy Tasi or hold it in your wallet because it may gor far away
TASI time to buyafter a downtrend we had a ''Double Bottom'' and ''Breakout'' of the ''VWAP'' which indicates a return of an uptrend
TASI -Saudi stock market DIRECTION SOUTHI believe that tasi has finished or is about to finish a multiyear pattern therefore I expect tasi to sharply move downwards
