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2001 reverse area to create a high trend?Hello everyone, I would like to share my analysis of this stock, which I have been following since September 2022. The price is currently in a zone that has a high probability of initiating a countertrend and starting an upward movement. I see the downside target at 16.46. Please note that the current time might not be the best for entry, but I decided to share this analysis for those interested in following this stock. I have included an explanation in Arabic on the chart that explains how to enter the specified area, hoping that the explanation is clear to everyone. Please be aware that I have not read the financial statements or any news about the company at all, as I do not have the time for it. This is your responsibility. I welcome any inquiries or discussions about this analysis.
TADAWUL:2001Long
by Ahmed_Alshammari
Jamjoom A bearish butterfly is a specific chart pattern used in technical analysis within the realm of Harmonic Trading. This pattern helps traders identify potential reversal points in the price of an asset, typically indicating that the asset's price may reverse from an uptrend to a downtrend. Key Features of the Bearish Butterfly Pattern The bearish butterfly pattern consists of five points labeled X, A, B, C, and D. The pattern is formed by four distinct price swings, creating specific Fibonacci retracement and extension levels. X to A: The initial move up from point X to point A. A to B: A retracement move down from point A to point B, which is typically 78.6% of the XA leg. B to C: A move up from point B to point C, which is usually 38.2% to 88.6% of the AB leg. C to D: The final move down from point C to point D. The CD leg is an extension of the XA leg, and D is often found at 127.2% to 161.8% of the XA leg.
TADAWUL:4015Short
by B9A-88652-NisarAhmad
The big move on February 2, 2025 for Saudi Aramco 2222By studying the chart of the Aramco stock, the following can be observed: A green timeline was previously drawn on May 12, and there was an expectation of a reversal at that time. However, the secondary was put forward, which formed pressure and a qualitative test on the stock, which led to the postponement of the reversal to the accumulation area until September 22. There is an expectation of breaking the resistance level at 33 Saudi riyals with strong momentum by February 2, 2025, and God knows best. The chart shows sharp fluctuations in the stock price over the past months, with a general upward trend in the long term. The technical indicators at the bottom of the chart indicate the presence of positive signals that support the possibility of the continuation of the upward trend of the stock in the future. In general, it seems that the Aramco stock is currently going through a stage of fluctuation and accumulation, with expectations of a strong bullish breakout during the next year, God willing. But of course, these remain mere analyses and interpretations, and financial markets are characterized by dynamism and unpredictability.
TADAWUL:2222Long
by emad_alwan