4191 Fourth wave is about to finish Abo Moati (4191)
since December 22 till now Abo Moati begins a bullish move, moreover, on 29 March there was a change of character on daily timeframe.
Now, it is about to finish the fourth wave as an irregular flat (ABC).
TP is set as wave 5 target between 40-44
SL 30 in which wave 1 ends
📈 **Technical Analysis of Herfy Shares** 📊
📈 **Technical Analysis of Herfy Shares** 📊
🔍 **Overview:**
Herfy shares have shown a recent trend towards a potential bullish run, as observed on the daily timeframe.
📉 **Previous Trends:**
Historical data indicates a consistent uptrend, showcasing the gradual accumulation of shares by investors.
🔄 **Momentum Indicators:**
Key momentum indicators like RSI and MACD point to an uptick in momentum, supporting the potential for a bullish run.
📈 **Bullish Run Confirmation:**
The convergence of positive indicators strongly suggests the initiation of a bullish market sentiment, making this an opportune time to consider entering the market.
🎯 **Trade Plan:**
Based on this analysis, considering an entry with 1023 shares seems reasonable. However, prudent risk management is vital.
⚖️ **Risk Management (Stop Loss):**
Implement a stop loss strategy at a strategically calculated point to protect your investment and manage risks effectively.
🛡️ **Stop Loss Strategy:**
Place a stop loss at a level where it's statistically likely that the current analysis is incorrect, and the trade should be exited to limit potential losses.
Always remember to conduct your own due diligence, assess your risk tolerance, and consider seeking advice from a financial advisor before making any investment decisions. 🚀
PowerfulThis stock is still in a uptrend, for now its just correcting itself for the last few weeks. We can see good buying from 138 area confirming bulls are in this region and sellers are not very strong currently. With the last candle taking a pause right after the strong bullish candle I think this will be a good buying opportunity once we see it crossing 15.20 area and the targets should be around 175 area for mid to short term.
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Catch it at the bottom levelFor now we are seeing selling pressure on daily basis in the stock but the good news is its approaching a very good support level that is at 32.50 area. I think it will spend some days there and then we may see a bullish breakout this will be a good indication that it has bottomed out. A small entry can be made around 3250 with small stop loss to target next major resistance zone that is around 35 area.
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New ListingThis is the new listed stock in Saudi Stock Market, but from the looks of the recent price action I think this stock will sustain at current levels and most likely it will cross 100 soon. Good buying pressure is coming in around 80 level this is a good indication that stock is sustaining and bulls are flexing up.
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New Bull RunWith oil prices going up surely this is one stock that will benefit the most. We can see in last trading session it has almost broke the resistance and now its gearing up for the next leg up.
I think it will retest the support area before going any higher. Price has to go past 35.00 with big volume to eliminate any sellers present that will boost buyers confidence to add more quantities, we will see fresh bull rally.
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