1214 trade ideas
1214: Breakout after CorrectionPrice took a correction and is taking support from golden pocket
Breakout of Descending parallel channel is observed
Retest of breakout is expected after pullback from resistance line
Take entry for TP until trendline resistance
Another entry after breakout of trendline resistance
1214Is it the end of bullish cycle?
If we look at the bearish divergence with RSI, we definitely say YES! (or may be NO)
Al Hassan Ghazi Ibrahim Shaker Company produced a super-strong bearish signal in the form of bearish divergence pattern.
These signals are pointing towards a correction, a very strong correction towards the confluence of support lies at 0.382 (28.35 SAR) and 0.5 (26.50 SAR) Fib level from where pull back is expected.
ANALYSIS ON 1214Dear Saudi Traders and Investors,
I'm sharing with you today analysis on some stocks you can't buy currently since you will end up by losing your money. Buy on the other stocks on which you have an opportunity to buy, before you do make sure to get you a good consultation!
As you can see on the chart, the stock broke the level 0.7 of the fibb and this week it gave us a confirmation of the breakout, which means 1214 will keep going down, if you're holding the stock on loss just close so you don't make more losses, and if you're willing to buy just don't do it.
For further questions, don't hesitate to ask!
Important price points for TASI 1214 Shaker Weekly ContinuedShaker TADAWUL:1214 continued to rise after spotted RSI divergence.
Price has crossed resistance points 21.12 and 21.54 and now trying to reach 3rd point at 22.86 which intersects with the lower trend and resistance point at RSI.
In case of breakout the following are potential targets 24.74 channel point and 27.12 point of triangle breakout
supporting points are previous resistance points 21.54 then 21.12
Important price points for TASI 1214 Shaker WeeklyTASI TADAWUL:1214 1214 Shaker
After target reached for 1st bearish flag and near 2nd bearish flag a divergence using RSI divergence strategy as shown on previous post.
Updated Logarithmic and Fibonacci Multiples with possible targets are indicated on the chart.
MACD and RSI points are also indicated.
Current price 20.84 is at center point of the horizontal channel.