4070an upward trend in the prices of an industry's stocks or the overall rise in broad market indices, characterized by high investor confidence
4009an upward trend in the prices of an industry's stocks or the overall rise in broad market indices, characterized by high investor confidence
I hope im wrong.I know this is a good company in sheets. But I don’t know, i hope im wrong.
If the idea works means not just a price going down it’s mean there is something wrong in there sheets. I didn’t go deeply in there sheet but they have good reputation.
+ the chart hv deep targets not only what i put in here, but i will keep them later.
This just a TA not Financial advice.
Hv good day.
Breakout on Daily TF.
Bullish Divergence on Monthly TF.
Immediate Resistance is around 18.70.
However, can wait for Closing above 18.
1111: Great Upside Potential After Correction1111 after correction has reached 61.8% fib level (Golden Pocket)
A horizontal support level is also acting as trend reversal
Formation of HH, HL are observed.
Ride the trend with trailing SL.
Manage your risk accordingly.
2281: Watchout_Double Top Formation2281 is moving nicely in an ascending parallel channel taking support from a long-term trendline support continuously.
Price has shown breakout from parallel channel and has formed double top at a critical resistance of 140.
Bulls need to break the resistance of 140 to continue the bullish trend or wait for correction.
7204: Breakout and Retest7204 was in correction for a while within descending parallel channel.
Breakout followed by retest is observed on parallel channel.
Price has started showing HH, HL formations after
taking support from horizontal line
which is also golden pocket fib level.
A Bullish divergence is also formed.
Take entry now (with aggressive or conservative SL) and ride the trend.
Do proper risk management based on your portfolio and appetite.
DON'T BUY 2222Dear Saudi Traders,
Since Tomorrow is the day most of you are going to analyze their charts and place their ordres, I'm sharing with you the markets you can't buy for this week.
The 2nd one on the list is 2222, you can see on the chart that the market has just pulled back on the strongest candle we have which plays the role of a strong level on the market.
Plus, you pay attention for the volume which is still low to ride a Bullish move on the market.
We'd be expecting the market to come lower to reach the level 26.80 before heading up again.
Follow for more!
DON'T BUY 1120Dear Saudi Traders,
Since Tomorrow is the day most of you are going to analyze their charts and place their ordres, I'm sharing with you the markets you can't buy for this week.
The first one is 1120, you can notice on the chart how the volume is giving us an indication not to buy, as the chart does when the market pulled back on the resistance level to head down to 78.7 level.
Hold your funds for now.
Follow for more!
Morning Star Formation on Weekly TF.
Weekly Closing above 23.6% Fib. Level.
However, Bearish Divergence is there on
Weekly TF. Sustaining 62 is Important for now.
Immediate Resistance is around 66 - 67.
Risk can be taken with a Stoploss of 59
on Closing basis.
2222an upward trend in the prices of an industry's stocks or the overall rise in broad market indices, characterized by high investor confidence
6040an upward trend in the prices of an industry's stocks or the overall rise in broad market indices, characterized by high investor confidence
SAUDI TELECOME The weekly chart of Saudi Telecom shows move up. After break out golden point, will be continuing move up to hit the target.
Saudi Aramco 2222 going to 25.5 at leastSaudi Aramco is having a cup and handle and going to 25.5 at least as shown in the chart.
Something to mention, is that it could still increase to the baseline. But surely technically to the ~ 25.6
4015: Neckline BreakoutPrice is moving in Cup formation (continuous formation of HH, HL)
A significant Neckline (Resistance) is broken.
Wait for retest for a conservative entry.
Trade as per risk.
Tanmiah (2281): Trendline SupportTanmiah is again at the trendline support confluence with horizontal support line.
Entry levels with SL are specified with TPs.
Manage your risk accordingly.
Long open position on Saudi Oil Index 2222Open a long position on stock 2222
Based on wave analysis, the stock is in a good buying zone, and the news is encouraging for the stock to rise.
Confidence with moderate and good risk.
TADAWUL:2222
SAUDI ARAMCO BASE OIL CO. WEEKLY ANALYSIS After taken liquidity sell side and rejection of fvg we will see an expansian to fill gap
8010: TAWUNIYA LONG8010: TAWUNIYA
has formed a cup and handle formation and a successful breakout of the pattern occurred recently. Long position can be taken with still room for 10-12% profit. Set SL below the breakout of handle
Good luck!!
1321EAST PIPES closed at 154, staying above its 100-day SMA despite recent volatility. The RSI is at 39.65, indicating potential for a short-term increase. The stock is hovering above 200-day SMA. In the near term, the stock appears to target 160, with medium-term targets between 167 and 172. It is recommended to consider buying on weakness or as it approaches the support level, with stop losses set at 139 to manage risk effectively. Risk & Reward Ratio is 1:2
Bullish Divergence appearing on Weekly TF.
Important to Sustain 16 on Weekly basis.
Though, inverted Cup & Handle formation is
targeting way below.
But confluence of Trendlines may act as a
Good Support level around 16.30 - 16.60
It may touch 17.50 - 17.80 once atleast.
7204: AB=CD, POC, Golden Pocket7204, is in Bullish trend:
AB=CD, POC, Golden Pocket
Enter trade with specified SL
Manage your Risk
Trail SL
4004: Dallah_Weekly Support (Rising Wedge)4004 is moving within Rising Wedge pattern
Price is touching bottom support (Weekly chart)
Descending Parallel channel breakout is observed
Entry now with SL
Trail SL
Manage your risk
