Play on LevelsPlan1
Buy Above 34 (if Sustained)
Sell around 39 - 41
Stoploss 33 (closing basis)
Plan2
Buy1 around 29.30 - 30.50
Buy2 around 27.30 - 28.50
TP1 around 33 - 33.50
TP2 around 35 - 36
Stoploss 26.80 (Closing basis)
1322The price action is in an uptrend making higher highs and higher lows with the negative session observed in the last trading session and price closes at 58.70 (-1.51%). Support level lies in the range of 57.50-58 where long position can be consider with the stop loss below 55 to manage risk. On the flip side, initial resistance lies in the range of 61-61.50 and secondary resistance range around 65-65.50.
Buy SideBuy1 around 62 - 62.70
Buy2 around 58 - 59
Average Buying Rate would be: 60.43
TP1 around 65 - 66
TP2 around 67
Stoploss 57 (closing basis)
MBC long This is best apparently to get up with MBC group
There is a sine of reflection has been begun 44.40
The TP is 55
Stop losing under 42.90
Play on LevelsPlan1
Buy Above 46 (if Sustained)
Sell around 50 - 51
Plan2
Buy1 around 43 - 43.50
Buy2 around 39.70 - 41.30
Sell around 45 - 45.50
Stoploss 38.50 (closing basis)
2001 Methanol Chemicals: Monthly Bullish Order Block ReactionGreetings, traders! 🌟 I’ve identified a compelling setup in the 2001 Methanol Chemicals market on the monthly chart. Join me as we explore the potential for a lucrative trade opportunity.
Analysis:
Bullish Order Block Identification: On the monthly timeframe, a clear bullish order block is developing in the 2001 Methanol Chemicals market. This zone typically signifies sustained buying interest and potential for upward movement.
Key Price Tab Reaction: Recently, there’s been a significant reaction at a specific price tab within this bullish order block. This reaction underscores the importance of this level, potentially serving as a strong support or resistance point.
Technical Confirmation: Technical indicators, including moving averages and RSI, are aligning with the bullish bias, suggesting favorable conditions for a potential uptrend continuation.
Trade Strategy:
Entry Point: Consider initiating long positions on a confirmed breakout above the recent reaction level, signaling renewed bullish momentum.
Stop-loss Placement: Implement a stop-loss below the lowest point of the bullish order block to manage risk effectively and protect capital.
Profit Targets: Target potential upside based on Fibonacci extensions or significant historical resistance levels. Refer to the attached chart for precise target levels.
Risk Management:
Risk-Reward Ratio: Maintain a balanced risk-reward ratio to ensure that potential gains justify the risks taken in the trade.
Position Sizing: Adjust position sizes based on your risk tolerance and account size, adhering to sound risk management principles.
Conclusion:
This setup in 2001 Methanol Chemicals presents a promising opportunity based on the bullish order block and recent price tab reaction. As always, exercise caution and follow your trading plan diligently.
Chart Targets: Refer to the attached chart for specific profit targets marked with Fibonacci levels and historical resistance points.
Disclaimer: This is not financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
Buy SideBullish Divergence at a Support Level
around 86 - 88 is a Positive Sign.
Immediate Targets can be around 92 then 99
2223Great opportunity again to take a position in the company, targets are the red lines and the stoploss is 128.
Dr SAUD
4220 Emmar 12% profit 4220 Emmar 12% profit with low cost.
The company has a huge projects that are working on and 6.5 is undervalued.
It has a gap to be filled with 12% profit from 6.5 and stop line is under 6.3
Buy CallBuy1 @ CMP or around 92
Buy2 around 88 - 89
Sell around 99 - 100
Stoploss 87 (closing basis)
3007 Zahrat Al Waha long As we see Zahrat Alwaha is ready to achieve the first TP1 at 44.70
The stop is 39.40
Weekly RSI MACD Fibonacci//@version=5
indicator("Weekly RSI MACD Fibonacci", overlay=true)
// Get the weekly data
symbol = syminfo.tickerid
weekly_close = request.security(symbol, "W", close)
// RSI Calculation
rsi_length = input.int(14, title="RSI Length")
rsi_overbought = input.int(70, title="RSI Overbought Level")
rsi_oversold = input.int(30, title="RSI Oversold Level")
rsi = ta.rsi(weekly_close, rsi_length)
// MACD Calculation
macd_length_short = input.int(12, title="MACD Short Length")
macd_length_long = input.int(26, title="MACD Long Length")
macd_signal_smoothing = input.int(9, title="MACD Signal Smoothing")
= ta.macd(weekly_close, macd_length_short, macd_length_long, macd_signal_smoothing)
macd_histogram = macd_line - signal_line
// Fibonacci Levels
var float fib_high = na
var float fib_low = na
var float fib_0 = na
var float fib_0_382 = na
var float fib_0_5 = na
var float fib_0_618 = na
var float fib_1 = na
if (na(fib_high) or weekly_close > fib_high)
fib_high := weekly_close
if (na(fib_low) or weekly_close < fib_low)
fib_low := weekly_close
fib_0 := fib_low
fib_1 := fib_high
fib_0_382 := fib_0 + (fib_1 - fib_0) * 0.382
fib_0_5 := fib_0 + (fib_1 - fib_0) * 0.5
fib_0_618 := fib_0 + (fib_1 - fib_0) * 0.618
// Plot RSI
hline(rsi_overbought, "RSI Overbought", color=color.red)
hline(rsi_oversold, "RSI Oversold", color=color.green)
plot(rsi, "RSI", color=color.blue)
// Plot MACD
hline(0, "Zero Line", color=color.gray)
plot(macd_line, "MACD Line", color=color.red)
plot(signal_line, "Signal Line", color=color.blue)
plot(macd_histogram, "Histogram", color=color.green, style=plot.style_histogram)
// Plot Fibonacci Levels
plot(fib_0, "Fib 0%", color=color.red, linewidth=2)
plot(fib_0_382, "Fib 38.2%", color=color.orange, linewidth=2)
plot(fib_0_5, "Fib 50%", color=color.yellow, linewidth=2)
plot(fib_0_618, "Fib 61.8%", color=color.green, linewidth=2)
plot(fib_1, "Fib 100%", color=color.blue, linewidth=2)
TANMIAH: Trendline Support_BullishTanmiah is respecting a trendline support
A recent resistance (horizontal line) is broken and converted into support. A retest at new support line is observed.
Aggressive and conservative entry levels with SL are specified with TPs.
Manage your risk accordingly.
Savola group 2050 - Bullish Signs
Show some strong signs:
1- Break 200 ma
2- Break Daily 200 ma
3- Break VWAP
Price Target
TP1: 48.3
TP2: 50.4
alsaif gallery heading down to fibo supportas we see on the chart we've got a correction wave heading down to the fibo support if everything goes well we've got a beautiful price range between 9.15-8.95 sar
2381: Buy ideaBuy idea on 2381 as you see on the chart if only if we have the breakout with force the vwap and the resistance Line.
ADES: dragon patternADES holding had created dragon pattern, first target is 21.88 SAR and second target 24.9 SAR. This supported by HSBC recent recommendation for ADES holding at 24.9 SAR
8270A breakout is a term used in technical analysis to describe a situation where the price of an asset moves beyond a defined support or resistance level with increased volume. Breakouts can signal the start of a new trend, either bullish or bearish, depending on the direction of the breakout.
Characteristics of a Breakout:
Price Movement: The price moves above a resistance level (bullish breakout) or below a support level (bearish breakout).
Volume: A breakout is often confirmed by an increase in trading volume, indicating strong interest and momentum behind the price movement.
Follow-Through: After the initial breakout, the price should continue to move in the direction of the breakout. Lack of follow-through can indicate a false breakout.
8120"Strong support" refers to a price level on a chart where an asset consistently finds buying interest, preventing the price from falling further. This level is identified by multiple touches or tests where the price reaches this point and bounces back up.
Characteristics of Strong Support:
Multiple Touches: The more times a price level has been tested and held, the stronger the support level becomes.
Volume Confirmation: High trading volume at the support level can indicate strong buying interest and reinforce the strength of the support.
Historical Significance: A support level that has held over a longer period of time is generally considered more significant.
Psychological Levels: Round numbers or historically significant price points often serve as strong support levels due to psychological factors among traders and investors.
8030
A rising wedge is a bearish chart pattern used in technical analysis. It is formed when the price of an asset is making higher highs and higher lows, but the highs and lows are converging towards each other, creating a wedge-like shape that slopes upward. Here are the key characteristics and implications of a rising wedge:
Shape: The pattern is bounded by two trendlines – an upward sloping resistance line connecting higher highs and an upward sloping support line connecting higher lows. These lines converge over time.
Volume: Often, volume decreases as the pattern progresses. This declining volume can indicate weakening momentum behind the price movement.
Breakout: The rising wedge is typically considered a bearish reversal pattern, which means that the price is expected to break down below the support line. When this breakout happens, it is usually accompanied by an increase in volume, confirming the pattern.
Trend: A rising wedge can form after an uptrend or a downtrend. When it forms after an uptrend, it signals a potential reversal to the downside. When it forms after a downtrend, it might indicate a continuation of the downtrend.
The Company for Coop. Insurance"Higher high" is a term often used in technical analysis of financial markets. It refers to a price point that is higher than the previous high price in a given period, indicating an upward trend. This concept is part of the pattern analysis used by traders to predict future price movements and make trading decisions.
