Zahraa ZMID - Trying to beat a 2-year resistance!Weekly chart, Zahraa ZMID is showing good potential for high targets.
Above the 2-year resistance level (at 8.80), the target will be 11.07 then 14.40
MACD is positive. RSI is almost over-bought --> The stock may need some flat trading before crossing up / or some very minor corrections to cool down the indicator.
Can Arab Polvara cross the long-term resistance?Monthly chart, Arab Polvara tested resistance line 1, and could not cross, rebounded to line 2.
The technical indicator MACD is positive, but RSI is in over-bought zone. So, a correction may happen.
Note: Recent trading volume is low.
I see the stock is currently trading in a critical price level, and needs to be above 7.10 to go next level to target 13.8 (long term)
MCRO - As you see on the chart we are in a downtrend with a beautiful green candle with a big body . This candle tells us that we would have a very high probability of having a reversal of the trend (bullish trend). But for this to be possible, all the analysis conditions must be met. The vwap indicator as well as the resistance line must be broken forcefully by a large green candle and followed by a large green volume. As soon as this is done, we can enter a buy position as soon as the second green candle appears with green volume for added assurance.Thanks!
isphThe first target would be the 382 retracement of AD and the second target the 618 retracement of AD. A common stop level would be behind the X-point. Conservative traders may look for additional confirmation. Bat Patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool that allows users to visually identify 5-point reversal structures on a chart.