Arabian Drilling potential reversalthere is a potential reversal expected around these prices.. I am in :)
for investors you may start collecting until 137.
Zamil Industrial Investment Co. (2240)ZAMIL shares have been reaching higher peaks, while the Commodity Channel Index indicator is showing diminishing highs, indicating a bearish divergence pattern on the weekly timeframe. This pattern suggests the beginning of a downward trend. Confirmation of this trend would occur if the price breaks below the support level of 23.70 SAR. Conversely, if the price manages to break and sustain above the resistance level of 28.50 SAR, the next resistance is expected around 32.10 SAR. It is advisable to consider taking a long position only after the breakout is confirmed, and to implement a stop-loss strategy to manage risk effectively.
Making HH HL on Weekly TF
Now should Cross 61 to continue this uptrend
Next resistance would be then around 72 - 73
initially
On the flip side, 53.50 - 54 may act as a Strong Support
Entry can be taken with a Stoploss of 49 on Closing basis
Trade WiselyBearish Divergence on Daily TF but Bullish
However, Bullish Engulfer is expected On Weekly
basis if Closes above 111.50
Making HH HL on Daily TF
111 - 112 can be a Good Support area to
take Risk if we can see few Bullish Candles at
this level
100 can be the Stoploss level on Closing Basis
Bearish Divergence on Monthly TFThough Bullish on All Time Frames,
Bearish Divergence on Monthly TF +
Double Bottom around 57 - 58 are
favoring Bears
However, Bullish Momentum will Only
be Continued if 58 - 59 is Sustained
Crossing & Sustaining 5.20 will make it more BullishStrong Support is around 4.60 - 5
Closing above this level would be
a positive sign
Golden Pocket Support Expected
Entry can be taken with a Stoploss of
137 on Closing basis
However, Closing above 139.60 - 140 is
a Positive Sign
144 is a Very Strong Resistance
Risk Averse Players may wait to
Cross & Sustain 144; Next Important
Resistance is around 147
Bullish on Monthly TF
May Take Support around 216 - 217
However, Bearish Divergence on Weekly TF
weakens its Entry here
Those who Understand Technical Moves,
please note that, Initially 224 - 225 should
be Crossed & Sustained for Immediate Target
around 234 - 235
Stoploss should be 198 on Closing basis
The Stock is in Downtrend so far till it Crosses 22
However, Closing above 19 can be a
positive sign
19.40 - 19.50 is the Initial Resistance
Sustaining this level will lead it to
21 - 22.
Next Strong Resistance will be around 24 - 25
Bullish Divergence on Daily TFthough Not Yet Bullish but Bullish
Divergence on Daily TF
a perfect 23.60% Support around 12.50
Double Bottom formation is expected at
same level around 12.40 - 12.50
3007 Zahrat ALWAHA D1 - 23/4/2024 (TASI Market)3007 Zahrat ALWAHA D1 - 23/4/2024 (TASI Market).
Trend Analysis
Elliott Wave
Harmonic Patterns
Regards
Bullish Divergence on Weekly TF
If 36 - 36.50 is Sustained on Weekly Basis,
we may witness further Upside
Around 39.50 - 40 is the initial resistance
then Crossing & Sustaining 42 - 43, may lead
it towards 45 - 46 (Near Double Top)
There we would see if Bearish Divergences
will be formed, we will book our Profits
3090_Tabuk Cement_TadawulScript currently in non-trending zone and continuously bouncing back from the resistance levels.
we have plot important support and resistance levels for this script and provide TP and SL considering the support and resistance levels.
#DYOR_NFA (Do your own research as well) _Non-Financial Advice.
A technical look at the price of Saudi Arabian oil 2222The coming period may witness a decrease in demand for Saudi oil , which may lead to a decrease in its price.
It is expected to visit the area highlighted in white and visit the numbers shown.
TADAWUL:2222
Bullish Divergence on Daily TF
H&S Pattern observed
Crossing 13.50 will lead it towards 14.18 initially
then 15 - 15.45
Stoploss must be 12.90 (on closing basis) in this case
Bullish on Weekly as well as Monthly TF
Crossing 179 will lead it towards 200+ then 250
149 is a Very Strong Support that should be Sustained
on Monthly Basis
However, 155 then 140 - 141 may act as Weekly Supports
Tweezer Bottom on Daily TFMade Double Bottom on Daily Basis around 345
Tweezer Bottom on Daily TF
50% fib level tested on Weekly basis
352 - 353 is a Very Important Support level
that should be Sustained on Monthly Basis
Bullish on Weekly as well as Monthly TF
ABCD pattern will be in play once
113 is Crossed & Sustained
Cup & Handle Pattern will be in play
once 99 is Crossed & Sustained
However, Sustaining 93 on Weekly
basis would be a positive sign
