Mobily (7020) Cup & Handle Breakout: Bullish Continuation SetupMobily_7020_Tadawul, appears to be forming a textbook Cup & Handle pattern, indicating a potential bullish continuation, breakout with a target around SAR 67 level.
Long SetupCup & Handle Formation along with Ascending Triangle.
Good to Buy at Mentioned Entry Point.
2281: Bullish Reversal from POC_Golden Pocket2281
Continuously in downtrend. Earlier estimations of reversal from bearish flag completion and support levels did not sustain (Bears dominated).
However, current price movement (green candles) at POC is confirming the interest of buyers.
This is in confluence with 50% fib (Golden Pocket)
Entry can be taken now (HH) or after formation of HL (conservative)
Keep SL intact as identified.
SAUDI REAL ESTATEacording to my previous technical studies,i see a great opportunity with high probability of succes,the details are reflected in tge chart,good luck to all
walaa cooperative insuranceacording to my previous technical studies,i see a great opportunity with high probability of succes,the details are reflected in tge chart,good luck to all
AYYAN INVESTMENTacording to my previous technical studies,i see a great opportunity with high probability of succes,the details are reflected in tge chart,good luck to all
SHATIRAH HOUSE RESTAURENT acording to my previous technical studies,i see a great opportunity with high probability of succes,the details are reflected in tge chart,good luck to all
2250: LONG AFTER HAMMER CANDLE FORMATION2250: SAUDI INDUSTRIAL INVESTMENT
has historically appreciated, on a weekly timeframe, once a hammer candle had been formed at an 'area of interest' or below it
The 'area of interest' is the price range of 18.10 - 18.30. There are 2 cases of hammer candle formation: 1) at the area of interest 2) below the area of interest. Both cases are marked in the chart.
Case 1: Hammer candle formed at area of interest
Enter a long position with TP: 25% (min) ; SL: below hammer candle's lower wick
Case 2: Hammer candle formed below area of interest
Enter a long position after taking confirmation of RSI (should be 30 or less) with TP 1: upto the area of interest ; TP 2: 70% ; SL: below hammer candle's lower wick
At the time of publishing this idea, case 2 is active and TP 1 has already been achieved. All eyes can be set on TP 2: 70%
Best of luck!!
SAUDI PHARMACEUTICAL INDUSTRIES AND MEDICAL APPLIANCESacording to my previous technical studies,i see a great opportunity with high probability of succes,the details are reflected in tge chart,good luck to all
HERFY FOOD SERVICESacording to my previous technical studies,i see a great opportunity with high probability of succes,the details are reflected in tge chart,good luck to all
MIDDLE EAST PHARMACEUTICAL INDUSTRIESacording to my previous technical studies,i see a great opportunity with high probability of succes,the details are reflected in tge chart,good luck to all
4180: LONG AFTER BREAKOUT FROM A RANGE 4180: FATAIHI HOLDING GROUP has successfully broken out of a range as indicated by the rectangular box in the chart. The Price is bound for an upside move towards 1st resistance that is about 10% from the point of breakout.
Enter long when price retraces back to the support zone with TP 1 = resistance 1, TP2 = resistance 2 and SL = below the breakout candle
Best of Luck!!
Falling Wedge Formation on Weekly TF.Falling Wedge Formation on Weekly TF.
Also, Breakout of Falling Wedge.
Immediate Resistance is around 19.30 - 19.50
& then around 22.
However, Long Term Target can be 60 - 61.
However, 10 should not be broken.
ALDREES PETROLEUM AND TRANSPORT SERVICESacording to my previous technical studies,i see a great opportunity with high probability of succes,the details are reflected in tge chart,good luck to all
AL HAMMADI HOLDINGacording to my previous technical studies,i see a great opportunity with high probability of succes,the details are reflected in tge chart,good luck to all
DR SULAIMAN AL HABIB MEDICAL SERVICES acording to my previous technical studies,i see a great opportunity with high probability of succes,the details are reflected in tge chart,good luck to all
SAL SAUDI LOGISTIQUE SERVICES
acording to my previous technical studies,i see a great opportunity with high probability of succes,the details are reflected in tge chart,good luck to all
4031: Penant/Triangle Breakout4031
Triangle Consolidation Breakout
Wait for retest to take new entry (conservative)
Trade with proper SL
2240: Descending Channel Breakout2240 is showing breakout on monthly chart for the first time in a while
Take Entry now or wait for retest
Conservative entry will be after 44
Plan your trade with proper risk management
STC: 85 CALENDAR DAYS PATTERN7010:STC has followed a pattern since the end of February 2023. Upon hitting the bottom trend line, Price appreciated 15-25% in 85 calendar days. This pattern has repeated 3 times over the last year.
Based on above observation, a long position can be opened once price hits the bottom trend line again.
TP1: 15%
TP2: 25%
OR simply close the trade on the 85th day of starting the trade
SL: 2% (just under the bottom trend line)
Keep waiting and hope the price comes back to the bottom trend line soon. Best of Luck!!
Good Buy..56.30 is a very strong Support;
if it remains sustained, 59 - 60 is on cards.
However, 58.50 there is a Slight Resistance
that can be broken easily with Good Volumes.
7202: Weekly Trendline Support7202 has shown reversal from downtrend
Weekly Bullish Divergence on RSI
Trendline support
HH, HL formation on daily time frame
SL or HL or below trendline support
Trade with proper risk management
