2310 SIPCHEM W1 - 20/4/2024 (TASI Market)2310 SIPCHEM W1 - 20/4/2024 (TASI Market)
Down trend in wave a is completed and there are increasing if buy volume which will push the price for up trend in wave b.
Regards,
2222 | Bullish Divergence SetupSaudi Arabian Oil Company displays a promising bullish reversal pattern characterized by the formation of bullish divergence with RSI. Our plan entails accumulating the stock within the designated buy zone (29.50-30 range), while setting stop loss orders below the bottom of support around 28.50. To guide our trading decisions, we've delineated two distinct targets: an immediate target around 33 at the test of trend line and a final target for exiting the trade will be around 35 depending upon break out.
2120 SAUDI ADVANCED INDUSTRIES CO. to 70SR Supported by financial growth, the current target is 70SR
SAUDI ADVANCED INDUSTRIES CO. (2120) is growing its business and has invested in several startup companies that yielded great profits.
in 2023, made 148MM SAR net profits
in 2022, made 100MM SAR net profits
a growth by 48% in net profits.
In 2023, highest stock price was 50.1 SR
current price is 42.2SR
I can expect the price to recover back to 50.1SR
then jump 48% (50.1 x 1.48 = 74.5 SR)
SADAFCO 2270 Review: Proceed with Caution ⚠️Beware
INTERMIDIATE term HIGH being created TARGET SELL SIDE LIQUDITY
LongMaking HH HL on Weekly TF
Good Support around 57 - 58
then 49 -50
Immediate Resistance 63.80 - 64
Crossing 71 - 72, may lead it to 80
Perfect Double Bottom with Bullish DivergenceHit Exactly the Double Bottom area at 88.60
Bullish Divergence on Weekly TF
2223 Certainly! Aramco Base Oil Co🛢️mmxm fallowing i am waiting below sell side liqudity then afeter change of status dlivry i will enter till buy saide liqudity.
Bearish Divergence on Weekly TF
890 - 900 may act as a Good Support
Stoploss should be below 890 on
closing basis
Targeting around 930 - 950
Strong Resistance is around 158 - 159This Weekly Support (around 152 - 153) should
be honored for Upside
If 159 is Crossed & Sustained, we may witness
179 and then 200
Buy Stanceif this last Monthly candle closes above
46.70 - 47, this would be a Perfect
Morning Star Formation (combination
of last 3 candles)
However, Double Bottom is around 42
and also 0.786 fib level of Entire Rally
Bullish Divergence is also being
created on Weekly basis; & appeared on
Daily TF
1080: Sell ideaOn 1080 as you see on the chart we have a hight probability to have a downtrend because we have the breakout of the vwap and the support Line.Thanks!
Bullish Divergence on Daily TFBullish on All Time Frames
However, Needs to Break & Sustain 31 initially
33 & then 36 - 37 would be the Initial Resistance Points
and in a bit longer term, 46 can be witnessed
1060: Sell ideaSell idea on 1060 as you see on the chart because we have the breakout with force the vwap and the support line by sellers. Thanks!
Favoring BullsWeekly Support is around 74
Good Support around 73.50 - 74.20
If 73.70 is Sustained, we may witness 77 and then 79 initially
Stoploss should be around 72
1010: Buy ideaOn 1010 as you see on the chart we will have a hight 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!
1180: Sell ideaSell idea on 1180 as you see on the chart because we have the breakout with force the vwap indicator and also the breakout with force the support line.Thanks!
4031| Saudi Ground ServicesBroke out it's cup and handle pattern and now in process of full-filling cup depth.
Now trading on bullish flag which will break at through it at 55 SR.
Full-filling Flag height will take us to 60 SR.
Full-filling flagpole height will take us to 67SR.
At 67 SR its cup depth will be full-filled and completed
Breaking through 67 SR will open for a new wave/rally plus
Details in chart
Bullish on All Time Frames
74.50 - 75.50 is an Important Support Levels
Otherwise, Crossing 84 - 85 may lead it
towards Double Top Zone around 93
Bullish Divergence on Daily TFDouble Bottom around 30
Safe Entry: Above 32.80
Target 35
Stoploss 30 (Closing basis)
Risky Players may take entry at CMP
with Stoploss 28.70 on Closing Basis
Should go for Long??
Though Still Bullish on Weekly TF
But Clear Bearish Divergence on Daily TF
90 is the Breakout level of Monthly Resistance
Walaa cooperative insruance co.Completed Harmonic Pattern
We are expection correction till the target shown on the chart.
