TADAWUL ALL SHARES INDEXThe Saudi index is down to the strongest strong demand areas, from which demand will be in case it is not broken down
Tasisignals
4240 FAWAZ ALHOKAIR TO 33.85As per the chart:
-the downtrend is clearly broken at 17-Aug
-the price is showing support at 21.82
First target is 27.58 SAR
Second Target is 33.85 SAR
Stop Loss 20.07
2082 ACWA POWERAs per chart analysis, the Price is going 200 SAR
First Target 200 SAR
Second Target 220 SAR
Stop loss 160 SAR
4080 Aseer Trading to 20 SARAs per the chart analysis:
the price is retesting on 16.3 Sar and going to 18.26 SAR
TASI time to buy
After the downtrend and the creation of the reversal figure '' Double Bottom '' and the breakout of the Vwap and the trend line '' Resistance'' we will see a return of the uptrend . We will wait for a pullback after we 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 sellafter the creation of the reversal figure ''Head and Shoulders'' we wait for the confirmation of the breakout of the ''Neckline'' and ''Vwap'' after we can take the sell position
TASI time to buyafter a downtrend we had a ''Double Bottom'' and ''Breakout'' of the ''VWAP'' which indicates a return of an uptrend
TASI time to sellwe will see a continuation of the downtrend after we have seen a break in the trend line and a correction at the level of the trend and and double bottom
TASI time to buyafter the downtrend that we had we will see a big movement of an uptrend we can take the buy position after the confirmation of the range breakout
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
TASI - Tadawul broke his Weekly KidjunTadawul broke his Weekly Kidjun, are we going to visit the Monthly Kidjun ?!
I think buyers need a few months vacation ;)
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.
Tasi will go up next few weeks Tasi will go up next few weeks
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
WAIT UNTIL YOU SPOT A GOOD ENTRY POINTWe need to wait further more until the market reach the range of the oversold profile then we can spot a good buy entry and take a wise investment
WE SHOULD BE OUT OF THE MARKET FOR NOW For now, we can't take accurate decision to enter in a buy position because we are in the middle of the recent price change action, I suggest to wait until the test at the oversold situation ( the green support ) and then we can buy after the market confirms our view
TASI UPDATE!!!The Market now is testing the 50% value of Fibonacci retracement, for now the market is trying to go up to the level of 61 but anyway this recent bearish move is very significant and powerful and it's very hard to judge that the market will go up
A CALL FROM THE SUPPORT TO SEE WHAT TO DO NEXTNormally we should try to spot a buy position, now the market will be in a corrective wave and might go to test the green trend line below with a high probability, we saw the same respect toward the red trend line which is a clear rejection and the market want to go back,
THE GREEN TREND LINE CAN ACT AS A MAGNET!
TASI UPDATE! STILL SHORTThe market will return again to the previous channel and will be in a sideway position with a high probability, also we have candles with small bodies within the resistance level and then we saw a red engulfing candle with a message, that is this resistance is a solid one and can't be broke, so we can enter short and put our target within the level of 7544.337
TASI WILL RETURN TO THE SIDEWAY PROFILE! ENTER SHORT!!The market will return again to the previous channel and will be in a sideway position with a high probability, also we have candles with small bodies within the resistance level and then we saw a red engulfing candle with a message, that is this resistance is a solid one and can't be broke, so we can enter short and put our target within the level of 7544.337
TASI WILL BE IN A CORRECTIVE WAVE! STRONG INDICATION!Please share with me your thoughts,
kind regards,
