1322 trade ideas
1322The price action is in an uptrend making higher highs and higher lows with the negative session observed in the last trading session and price closes at 58.70 (-1.51%). Support level lies in the range of 57.50-58 where long position can be consider with the stop loss below 55 to manage risk. On the flip side, initial resistance lies in the range of 61-61.50 and secondary resistance range around 65-65.50.
ANALYSIS ON 1322Dear Saudi Traders and Investors, I'm making this analysis on 1322 to tell you NOT TO BUY 1322 since there's a low volume and the price is heading towards the level 1 of the Pitchfork, the right thing to do in this case is to wait for the price to come back with a confirmation then you can buy.
Let me know if you got any question!
QUICK ANALYSIS ON 1322Dear Saudi Investors, I saw in a group long ago some people talking about buying 1322, last Friday when I checked the posts I found that most of them have bought and looking for a point where to close with minimal losses.
The reason why I'm posting this is to tell you not to buy 1322 currently since the stock is still going down for months, so please don't put your money in stocks such as these and invest them in stocks in which you will make at least 10% of your investement.
Before you put your money in a stock make sure to get a good consultation.
The comment is all yours if you got any question!
Quick analysis on 1322Good afternoon dear Saudi investors.
On 1322, You can notice again that the price is consolidating on a channel for the past 8 months and still couldn't break through it, my advice for you is not to put you money in this stock until it gets through the channel since it will be worthless to take the risk and put your money in it while you can invest it in other stocks where you can make up to 20% of profit in a month.
As I said in the previous ideas I posted this morning, Please make sure to get a good consultation before you invest in a stock.
Let ma know if you got any other market you mant me to analyze for you.
1322: AlKobra Mining (Falling Wedge; Watch for Breakout)Price within Falling Wedge
Breakout observed crossing top of falling wedge (resistance)
Formation of HH, HL
Support from 200EMA (1H TF); Imposed on Daily Chart
Entry at current level (Aggressive)
Watch for breakout of Horizontal support (Conservative Entry)
Trade with stop Loss (Risk:Reward Ratio)
Fib Levels are specified for TPs