TASI Weekly Outlook – Bullish Play in Progress!📈 TASI Weekly Outlook – Bullish Play in Progress! 💥
After forming a solid base around the Monthly Type 2 Zone, TASI is showing bullish signs of accumulation. We're now watching a potential explosive move toward the Context Target at 12,895.754 🚀.
The current structure suggests a short-term pullback before continuation—ideal for bulls waiting for a clean entry. Eyes on the prize as we aim for higher highs. 🔥
🧠 By: Asif Brain Wave
Tasisignals
2222 – Saudi Arabian Oil Co | Long Idea – Monthly Chart Analysis📈 2222 – Saudi Arabian Oil Co | Long Idea – Monthly Chart Analysis
Price has reached a Monthly Demand Zone, where strong historical buying interest was seen. After a consistent downtrend, we are now approaching a potential accumulation zone.
🟦 Trade Idea:
Entry Zone: 23.90 – 25.50 (within Monthly Demand)
Stop Loss: Below 22.30 (Monthly swing low)
Target 1: 30.35 (Monthly Fair Value Gap – FVG)
Risk:Reward: Excellent potential with ~17.6% upside
📊 Narrative: This setup aligns with Smart Money Concepts (SMC) and ICT methodology:
Liquidity sweep at the low
Reversal from Demand
Targeting FVG imbalance above
❤️ A potential bullish move is anticipated, tapping into premium pricing around 30.35, which may act as a magnet for price.
🔔 Watch for bullish confirmation candle or a shift in structure (CHoCH) on lower timeframes for refined entry.
TASI IS PREPARING AN ENTRYAfter that TASI has taken the liquidity at 11,553, it just gave us an indication that it will start going bullish, no clean entry for now, but we'll keep waiting.
Meanwhile, my clients and I have taken other trades on 3 other stocks that are still in a safe zone, waiting for them to go higher so I can share them to the public.
As soon as I catch the entry and share it to my clients, I will share it to the public.
If you really care about taking clean entries, you must wait for the confirmation of the up movement then you can have a safe entry.
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UPDATE ON TASIA month ago, I posted that TASI will continue going lower to reach 11,439.529, and it came up the grab the LQ at 12182.412 now it will continue lower.
Again this movements fooled some people and bought higher now they're in losses and looking for how to recover.
Don't buy TASI now, wait for it to quit the consolidation level then you can buy.
Follow for more!
Saudi Manpower BullishGood afternoon, investors! Today, we’re diving into the technical analysis of Saudi manpower , a stock that has shown promising signs of bullish momentum. We have identified key level on the carts with Strick stop loss. based on the key technical indicators and chart patterns that support our positive outlook.
DYOR # Do your own research
🚀 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 🔴NO LIQUDITY SWEAP NO ENTRY.
STRUCTURE IS CHANGING ANYTIME.
EVERY CANDLE HAS LIQUIDITY.
PRICE ALWAYS NEED LIQUIDITY.
Nobody Knows Where is Price Going.
Hey traders, here is the analysi.
If you guys like my analysis please hit like?? and follow.
Thanks.
SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
DISCLAIMER- This is not financial advice.
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