1120 trade ideas
AL RAJHI BANK: And the show goes on The 15th of February , TADAWUL:1120 has broken above a key level (153.2) with huge bullish momentum ,
which triggered a sudden spike to around the 170 .
After the quick spike ,price pulled back down to the 150.5-155.5 area which is an ideal buy zone with strong demand . Actually price is very likely to go up to the 179-180.5 area ,with the possibility to break above the 179-180.5 area and continue to the 195-200 area .
For position management it is recommended to apply Jesse Livermore's method to this trade :
Open 2 positions with the same Stop set in the red area .The first position's target is set at the 1st target area .The second position's target is set at the 2nd target area .When the first position reaches the 1st target area and closes , it is recommended to move the stop loss to the entry price for the second position targeting the 2nd target area .
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Ranging For NowIts been in a range for so many weeks now, interesting part is its consolidating right near the resistance area that is around 150.00 if this rectangle breaks to the upside this would be a good buy chance. For now its in a no trading zone lets wait for the breakout candle.
Hit like & follow guys ;)
AL RAJHI BANK SELL LONGCandle says that the buyers are squeezed with the force and we expect a bearish market next weeks so if you hold this stock you'd better close the position.
SELL WITH 80% OF PROBABILITY
The analyse of Al Rajhi Bank The Rajhi bank in an up trend, and this up trend are strong as we see in the chart there are five pull backs for testing this trend line but there is any break of this trend at the moment, so this up trend are strong.
All of that indicate to keep Al Rajhi Bank in the portfolio.
Al Rajhi Bank LongAl Rajhi Bank continue to make new highs
Bullish Indications
1- Dow: Series of HH and HL in continuation
2- Candle stick: Inverted Hammer
3- S&R: Trendline support 132
4- Fib Retracement @38% (132) @50% (
Bearish Indications
1- 3 black crows at top
2- If fib level of small parabolic move @68% (132) and trendline support at same level are broken, then trend reversal may be possible (wait for LH)
Trade Plan 1
Long from current price @134.2 with stop loss @ 120
AL RAJIHI BANK OPPORTUNTY TO BUY ABOVE 142.81AL RAJIHI BANK
hight probability if the highest level is broken :
if the 142.81 is broken we will probably reach the 149 and 157.6
however, the opposite is far from being achieved with a low probability.
thank you
NB: please remember that we do not have a cristal ball predicting markets future, we try to be close to possible scenarios in order to react efficiently and rationally.
please do not forget making some follows and like if i deserve it.
AL RAJHI BANK 15 TADAWUL-next updateKnowing the next market trend BY PITCHFORK INDICATOR
follow and like for more ideas
AL RAJHI BANK price is sitting around a trendfollowing.
we also have a divergence on macd .
waiting for the price to break the trendline to sell .
AL RAJHI BANKAL RAJHI BANK is keeping up great upper momentum so the position is to keep in the portfolio
1120: a buy opportunityToday we have a big chance to make some profit if we buy 1120. You can see my explanation on the chart .
YOU CAN CONTACT FOR MORE INFORMATION: othmanejad00@gmail.com
AL RAJHI BANK Buy nowIt is not possible to be optimistic about the price reaching the next support area, it may enable it to reach higher levels or it is a re-test for the rising trend line.
AL RAJHI BANK stiil bullish on daily we notice a bullish signal for alrajihi bank
the target : 66.98
SL : 56.47
let's go
