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MARK – Al Rayan Bank (Daily Chart Insight)This setup is developing and might catch attention soon. MARK is currently trading in a clear downtrend within a well-defined parallel channel. While the chart shows a lot of noise; with overlapping swing highs and lows forming scattered support/resistance, there are early signs of a potential reversal. We’re not entering just yet. However, a strong breakout above the upper trendline, especially with volume confirmation, could signal a major shift and possibly a sharp move upward. 🔍 Key Observations: - Still in a downtrend - Complex and noisy chart structure - Parallel channel used as the main guide - Potential for reversal and a breakout 📌 Action: Stay on close monitoring. Let price action and volume lead the way. No need to rush but be ready if it breaks the channel with momentum.
QSE:MARKLong
by sipuutseduut
QFBQ – Lesha Bank (Swing/1-Hour Setup)After quite a while, I'm back to share a new idea – hopefully it benefits fellow traders. QFBQ is shaping up for a potential breakout from the current descending resistance line. Price has recently shown strength with a rebound from the support zone (around 1.65), forming a possible RBS (resistance turned support) setup. We might see a short pullback before it pushes through the trendline. Watch closely for a clean break to the upside. Brief Trading Plan Entry: 1.740 Support / Stop Loss: 1.654 Target TP1: 1.915 Risk: 5% of 60k capital Units Size: 34,200 Potential ROI: ~10% Let’s see how price reacts around this level. A breakout with volume could ignite the next leg up. #QFBQ #QSE #LeshaBank #SwingTrade #Breakout #SupportResistance #TradingQatar #TradingViewIdeas #MainBursaMYkiniQatar
QSE:QFBQLong
by sipuutseduut
bldn Technical Pattern Observed: The chart shows a Symmetrical Triangle pattern that has formed since around 2021. The price has recently broken out of the triangle to the upside, which is typically seen as a bullish signal indicating a potential trend reversal or continuation. 📈 Projection Targets: Target 1 (T-1): QAR 1.679 Target 3 (T-3): QAR 2.148 These targets are derived by projecting the height of the triangle from the breakout point upwards. 📊 Analyst Commentary (from chart text): "I expect that prices will begin to recover over time, especially with the company's expansion plans outside Qatar. Technically, the correction has been completed, as I see it, and we will begin a phase of either a rise or a consolidation." This supports a bullish outlook for Baladna, assuming the breakout holds and the broader market conditions are favorable. ✅ Implications for Investors: Medium to Long-Term Investors: This breakout could be a signal to consider entry, especially if price action confirms the breakout with increased volume. Suggested Technical Stop-Loss: Below the lower boundary of the triangle (around QAR 1.10), in case of a false breakout.
QSE:BLDNLong
by QQQQ9999
IGRDthe chart shows a technical analysis of Estithmar Holding (IGRD) on a weekly timeframe, using Elliott Wave theory and Gann/Fibonacci angles to predict potential price movements. Key Observations: Elliott Wave Pattern – ABC Correction: The chart suggests that the stock completed wave B at a recent high. A downward corrective wave C is anticipated, as shown by the red dotted line. Bearish Divergence: At the bottom, a momentum oscillator (likely RSI or a similar indicator) shows bearish divergence – price is rising, but momentum is falling. This is typically a warning signal that upside momentum is weakening. Downside Price Targets (based on Gann/Fibonacci angles): Possible support levels: 2.15 QAR 1.93 QAR 1.71 QAR 1.49 QAR Final target: ~1.06 QAR (as the lowest projected level) Warning Highlighted: The red text at the top: "IGRD – Estithmar Holding – See explanation below" This suggests a bearish outlook unless key resistance levels are broken with strong volume. Summary: Current trend: Overbought with signs of weakness. Outlook: Bearish correction likely. Action: Watch for confirmation of a downtrend or support at key Fibonacci/Gann levels.
QSE:IGRDShort
by QQQQ9999
Baladna Short - Daily The technical analysis for Baladna's (BLDN) stock indicates a negative outlook, as there is a bearish divergence on the Relative Strength Index (RSI). This negativity is further confirmed by a clear gradual decrease in trading volumes. Current Price: 1.295 Qatari Riyals The price movement shows a downward trend in the short term, with a potential or incomplete "Head and Shoulders" pattern, as illustrated in the chart. If the conditions for the Head and Shoulders pattern are met, the minimum target price could be 1.074 Qatari Riyals, which may appear catastrophic in the near term. However, upon closer inspection, the volume profile clearly indicates a price direction towards 1.208 Qatari Riyals before it can either bounce back or continue its temporary decline. Support and Resistance Analysis: - Support Levels: - First support at 1.250 Qatari Riyals - Second support at 1.200 Qatari Riyals - Resistance Levels: - Resistance at 1.350 Qatari Riyals; if breached, the stock could move towards 1.400 Qatari Riyals. This analysis highlights the need for caution and close monitoring of future developments for the stock.
QSE:BLDNShort
by Dr_N_