AnalysisBuy idea because we have the breakout of the vwap indicator as you see on the chart and sell idea if we have the breakout of the vwap indicator and the support line.
1120 trade ideas
Buy ideaWe will have a big probability of an uptrend after the breakout with force the resistance line by a big green candle with a large green volume. In other, hand we will have a reversal trend if we have the breakout with force the vwap indicator and the support line by a big red candle with a large red volume. Thanks.
1120: Al Rajhi (Bullish setup)Falling Wedge Pattern
Watchout for Breakout
Retracement from Golden Pocket considering Rally from Covid-19 and retracement
HH, HL formation until top of falling wedge Resistance
Bulls need to take control for further ride and breakout
Entry at current level (Aggressive) or Watch for Breakout
Stop Loss is specified
Fib/Horizontal support Levels are specified for TPs
Ride the trend and Trail your stop loss
Manage your risk properly
Analysis: Buy ideaAs you see on the chart we are in an uptrend and again we would have a continuation of this uptrend because the buyers forcefully broke the resistance line by a large green candle and accompanied by large green volume. Thanks..!
Alrajhi Bank buying area near the end of the bear marketAnalysis based on support and resistance and Elliott wave.
Shaded area in red should be monitored for price action to buy.
Long on Al-RajhiDescending Parallel Channels suggest continuation of bearish trend.
Long term Buy: 82.50 --- 85.50
TP for Long term: 88.70 -- 93.40
Short Term Buy: 83.81- 84.95
Short term TP 1: 85.76
Short term TP 2: 86.88
Short Alrajhi BankThere is a high probability to short Al Rajhi Bank for the next days
Stop loss : 82.38
Target : 75.27
1120 Rajhi Bank Cup and HandleThe price broke the formed cup and handle, and it's above 50EMA
with positive indicators for up trend.
simple and compact
Comment, Like and Follow for more!
a company al rajhi bank is bullish with great potentialI see in an analysis of the stock of a company that has a high probability of rising to 100 Saudi riyals
#1120 Al Rajhi Bank. Shark Pattern#1120 Al Rajhi Bank. Bullish Shark. Usually shark target is 0.5 fibonacci back move
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Al Rajhi Bank Is About To Bounce UpHello everyone.
I think Al Rajhi is running in corrective wave (4) and it is mostly FLAT.
Now subwave (A) is finish and it is about to rise again to the target zone (105-110) SR to finish subwave (B).
After that it will make final drop to the target zone (84-86) SR to complete its correction.
Once correction is done, it is expected to go up in wave (5).
Trade Safe.
Good Luck.
Al Rajhi Bank is going down According to our analysis Al rajhi Bank is going down so we think this is the best time to take profit
downtrendwe may see a formation of a downtrend according to the moving averages (50,200) , unless the stock have something else to say
Alrajhi bank Alrajhi bank is on down trend and cup and handle is completed ..
Targets are 80 then 70 finally 67 ..
STOP above 86
