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Gann Analysis for NATIONAL AGRICULTURAL DEVELOPMENT Co. (TADAWUL1️⃣ Key Gann Levels Identified The Gann levels shown in the chart act as support and resistance zones, where price movement often reacts. Below are the key levels: Degree Price Level (SAR) Significance 720° 41.654 Major Resistance 630° 35.45 Strong Resistance 540° 29.746 Medium Resistance 450° 24.542 Current Level - Pivot Point 360° 19.838 Key Support 270° 15.634 Medium Support 180° 11.93 Strong Support 90° 8.726 Major Support 0° 6.022 Long-Term Base 2️⃣ Market Structure Analysis ✅ Recent Price Action: The stock previously rallied strongly to 630° (35.45 SAR) but failed to sustain above it. It has now retraced to 450° (24.542 SAR), which is a critical pivot level. Price is trading near a support zone, making this an important level to watch. 3️⃣ Possible Future Scenarios 📈 Bullish Scenario (Price Moves Up) 🔹 If price holds above 450° (24.542 SAR) and forms a bullish structure: ✅ First target = 540° (29.746 SAR) ✅ Next target = 630° (35.45 SAR) ✅ Final bullish target = 720° (41.654 SAR) 🎯 Confirmation for bullish move: Price closing above 540° (29.746 SAR) with strong volume. RSI/MACD showing bullish divergence. 📉 Bearish Scenario (Price Drops) 🔻 If price breaks below 450° (24.542 SAR): ❌ Next support = 360° (19.838 SAR) ❌ Deeper support = 270° (15.634 SAR) ❌ Final major support = 180° (11.93 SAR) ⚠️ Warning Signs for a Bearish Move: Weekly candle closes below 450° (24.542 SAR) with high volume. Momentum indicators (RSI/MACD) turn negative. 4️⃣ Recommended Trading Strategy ✅ Long (Buy) Setup: Buy near 450° (24.542 SAR) with stop-loss at 23.50 SAR. Target = 540° (29.746 SAR) → 630° (35.45 SAR) ❌ Short (Sell) Setup: If price breaks below 450°, short with target at 360° (19.838 SAR). Stop-loss = 26 SAR (above recent highs). Final Notes ⭐ 450° (24.542 SAR) is a key decision point. ⭐ Holding above it = bullish; breaking below it = bearish continuation. ⭐ Monitor price action & volume for confirmation. you can request analysis for any stock just write in comments, wish you best of luck!
TADAWUL:6010
by Magic_xD
Al Hammadi_4007_Tadawul: Bullish Momentum Al Hammadi_4007_Tadawul: Price has rebounded near the 200 SMA <~43 SAR> and is hovering around the 100 SMA, sustained closes above these long-term averages typically indicate bullish strength. Support & Resistance: Primary Support ~37–38 SAR, which held during the recent pullback. Momentum: Signaling a potential shift in bullish momentum, safest entry can be taken later at a breakout of B-Point to have 25~26% potential profits Fundamental Highlights Earnings Growth: Net income has shown consistent year-over-year increases, indicating improving profitability. Cash Flow Trend: Positive and rising cash flow strengthens the company’s financial position, providing flexibility for future investments or debt reduction. TTM Growth: Trailing twelve-month figures reflect ongoing momentum, suggesting recent quarters have trended positively. Forward Outlook: With Q4 earnings expected soon and an overall 2024 forecast above 2023 levels, fundamentals appear aligned for continued growth.
TADAWUL:4007Long
by m_ranwar