1010: Big probability of an uptrendWe would have a high probability of having an uptrend if and only if the vwap indicator as well as the resistance line are broken forcefully.Thanks!
1120: Sell ideaSell idea on 1120 as you see on the chart because we have two pullback on vwap and also we have the breakout of the support line.Thanks!
2222: Buy ideaOn 2222 as you see on the chart we could have a big probability to have an uptrend if only if we have the breakout with force the vwap and the resistance line by a big green candle follow by a large green volume! Thanks!
Golden PocketCurrently, it is in Golden Pocket and if it takes Support
from this level, we may expect Good Gains.
It should Not Break 85 on Monthly Basis (monthly support level).
Breaking this level will expose 63 & then 55 in bit longer term.
However there is a Bullish Divergence on Daily TF
& we may expect reversal from around 86 -87.
Initial hurdles can be 92 - 93 & if 97 is Crosses &
Sustained, we may witness trend reversal targeting
100 then 108.
Bullish Divergence on Hourly, Daily as well as Weekly TF.Bullish Divergence on Hourly, Daily as
well as Weekly TF.
Entry can be taken around 31 - 31.70 with
a Stoploss of 29 on Closing basis.
Immediate Targets can be 34 - 35
However, it would be More Bullish & will
be in Uptrend once it croses 35 - 36
114.50 - 115.50 is an Important Resistance114.50 - 115.50 is an Important
Resistance that should be Sustained
for Upside Move.
On the flip side, Good Support levels
are 108 - 110 and then 96 - 98.
However, Risky Players may take at Risk at
CMP (109.80 - 110 should be Sustained on
Weekly basis).
Stoploss in this case should be around 95
(on closing basis)
30.80 - 31.80 is an Important Support30.80 - 31.80 is an Important Support
that should be respected for Upside Move.
Next Support is around 28.60 - 28.80
Immediate resistance lies around 33.50 - 34
and if 39 is Sustained, we may wintess 45
Breaking 116 - 117 will expose 95 - 96Bullish Divergence on Daily TF.
125 is an Important level that
should be sustained on Weekly basis.
From 126 to 130 - 133 can be a
Swing Trade Setup with a Stoploss of 125.
Nahdi### Key Points of a Falling Wedge
1. **Bullish Reversal Pattern**: Indicates a potential reversal from a downtrend to an uptrend.
2. **Converging Trend Lines**: Two downward-sloping lines that converge, connecting lower highs and lower lows.
3. **Volume Decreases**: Typically declines during the formation of the wedge, showing weakening bearish momentum.
4. **Breakout Confirmation**: A valid breakout occurs when the price moves above the upper trend line, ideally with increased volume.
5. **Trade Strategy**: Enter at the breakout, place a stop-loss below the lowest point of the wedge, and set a target price by adding the wedge's height to the breakout point.
Nahdi### Key Points of a Falling Wedge
1. **Bullish Reversal Pattern**: Indicates a potential reversal from a downtrend to an uptrend.
2. **Converging Trend Lines**: Two downward-sloping lines that converge, connecting lower highs and lower lows.
3. **Volume Decreases**: Typically declines during the formation of the wedge, showing weakening bearish momentum.
4. **Breakout Confirmation**: A valid breakout occurs when the price moves above the upper trend line, ideally with increased volume.
5. **Trade Strategy**: Enter at the breakout, place a stop-loss below the lowest point of the wedge, and set a target price by adding the wedge's height to the breakout point.
2240The price action is currently pulled back after making support of 20 level. Moreover, MACD indicator is trading below the zero line is cross over is observed. The pattern indicates bullish reversal. Initial resistance level lies around 24.60 and secondary resistance lies around 28.15. Use stop loss below the support level of 20 if it breaks
SAUDI ARAMCO to buy confidentlyTADAWUL:2222 gave a high quality signal .
In fact it just closed above a decisive area . And so TADAWUL:2222 has a high probability to continue up towards the 45 level .
Stay tuned for possible updates .
Requests , suggestions and remarks are all welcomed .
Big move ahead for SAUDI ARAMCO TADAWUL:2222 entered a key level .
If it succeeds to break well above it ,it is very likely to go significantly up .
I will be posting further details in case of confirmation .
DON'T BUY 1120On 1120 as you can see on the chart, the market came up to fill the imbalance we had and now it's continuing its way down towards the level 71.2.
Don't waste your money on stocks that are obviously going down, there are other stocks in which you still can put your money in and come with profits.
The comment section is all yours for further questions!
DON'T BUY 7010I got asked too many times about 7010 if there's a possibility to buy it, as I recieved many messages from people who have bought in the wrong timing.
As you can see on the chart, the structure of the market shows that it will keep pushing down toward the 34.90 level. which means there's no point of buying it currently and risk your money. Instead you can buy on the other markets in which you got good opportunities.
For further questions, don't hesitate to ask!
1120 AL RAJHI BANKTHIS MONEY IT JUST NEED MORE TIME TO DEVELOP.
This is just my technical opinion and may be more incorrect than correct. It is not considered investment advice
Make it or Break it Situation!
22 - 24 is an Important level
that should be sustained don Weekly basis.
If 22 is broken, we may see a Trend Reversal.
On the flip side, if 24 - 24.40 is Sustained, we may
witness 26 initially.
ACWA Power CoA "gap-down" in finance refers to the situation where the price of a financial instrument opens significantly lower than its previous closing price. Like a gap-up, this can happen due to various factors such as negative news, disappointing earnings reports, or adverse market conditions, occurring outside of regular trading hours.
For traders and investors, a gap-down presents challenges and opportunities similar to a gap-up but in the opposite direction. Long positions may face losses, while short positions might gain. However, just as with a gap-up, there's uncertainty about whether the downward momentum will persist or reverse.
Traders often analyze the reasons behind the gap-down and consider factors such as trading volume, market sentiment, and technical indicators to make informed decisions about their positions. Risk management becomes crucial in such scenarios to mitigate potential losses.
SAUDI CHEMICAL COIn finance, a "gap up" refers to a scenario where the price of a financial instrument, such as a stock, commodity, or currency, opens significantly higher than its previous closing price. This often occurs due to positive news, earnings reports, or other market-moving events that occur outside of regular trading hours.
For traders and investors, a gap up can present both opportunities and risks. Those who are long on the asset may see immediate gains, while short sellers might face losses. However, there's always the uncertainty of whether the upward momentum will sustain throughout the trading day or if it will reverse.
It's important for traders to analyze the reasons behind the gap up and consider factors such as trading volume, market sentiment, and technical indicators to make informed decisions about whether to enter, exit, or hold their positions.
4013 dr sulaiman al habib4013 dr sulaiman al habib
falling agter buy stops.
target weekly imbalance mention on chart.
Golden Pocket Support.Last Week's Candle was actually
a Golden Pocket Support.
Plus, Bullish Divergence on Daily TF.
However 68 is a Very Strong Resistance.
Crossing & Sustaining 68.20 will lead to 72 - 73.
Stoploss in this case should be around 61.50
#TASI #CEMENT_Tabuk CementTabuk Cement still in the bearish trend in the monthly long term time frame and based on the continuation pattern and bearish flag formation, we remains bearish on the script. with possible further downwards movement toward the levels identified on the chart.
SAUDIA DAIRY AND FOODSTUFF COA "bullish Gartley" refers to a specific pattern that traders look for in financial markets, particularly in technical analysis, to potentially predict future price movements. It's named after its creator, H.M. Gartley, who introduced it in his book "Profits in the Stock Market" in 1935.
The bullish Gartley pattern is a harmonic pattern that consists of four distinct price swings or legs. These legs are labeled XA, AB, BC, and CD. The pattern typically forms after a significant downtrend and indicates a potential reversal to the upside.
Here's a breakdown of the legs of a bullish Gartley pattern:
1. XA: This is the initial leg of the pattern and represents the initial impulse move downward.
2. AB: After the XA leg, there is a retracement upward, forming the AB leg. This retracement should ideally reach a Fibonacci level of either 0.618 or 0.786 of the XA leg.
3. BC: Following the AB leg, there is another downward move forming the BC leg. This leg typically retraces 0.382 or 0.886 of the AB leg.
4. CD: Finally, the pattern completes with the CD leg, which is an extension of the BC leg. The CD leg should ideally reach the 1.272 or 1.618 Fibonacci extension of the BC leg.
When the CD leg completes near the Fibonacci extension levels, it suggests that the pattern is complete and a bullish reversal may occur. Traders often look for additional confirmation signals such as candlestick patterns, volume analysis, or other technical indicators before entering a trade based on the bullish Gartley pattern.
As with any technical analysis tool, it's important to remember that the bullish Gartley pattern is not foolproof and should be used in conjunction with other analysis methods and risk management strategies.
