SABICHey traders, here is the analysi.
If you guys like my analysis please hit like👍 and follow.
Thanks.
DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT
2010 trade ideas
TIME TO BUY SAUDI BASIC INDUSTRIES CORPHellow dear investors, I don't usually post these analysis for free but since you likes the old 2 ones I posted the other day I said why not to post another one to share with you what I see about SAUDI ARABIA stocks.
Following the chart, you can see that the price went on a downtrend then broke the support line we have at 87.25, before it does, it did a pucllback on it with a high volumed small candle, all matters is the volume which is the most interesting one in the last quarter of the last year, after that it broke the support with low volumes which means in my strategy that it won't last for long and yeah it did came back to its way to continue going up.
What are you still waiting for for not buying the stock now ?
For more information don't hesitate to ask !
2010: SABIC (Dow Theory)Classical Dow theory in picture
AB=CD pattern in formation
Wait for breakout of B which will be new HH
Short Trade Setup
1- Entry at Current Price 94.6 or 94.2
tight SL 93.4
TP 96.8
Long Trade Setup
2- New Entry 98.2 (on green candle closing)
TP 101.2
SL 97.2 (or previous candle bottom)
SAUDIBASIKBUYA buy transaction in SABIC stock with a Fibonacci correction and a green candle with a tail, and it came as a strong support. There is a high possibility for the market to ris
SABIC 2010 (Breakout and Retest)Moving within Falling Wedge
Breakout and Retest is observed
Formation of HH, HL
Support from MA 50,100 (Cross) -->1H TF
Trade with Stop Loss
Ride the trend with trailing stop loss
2010: SABIC (Falling Wedge Breakout)Falling Wedge Breakout Observed
Short term and long term Bullish setup is available
HH, HL formation
Wait for HL formation for Entry or at current level
Stop Loss is specified
Same setup for new entry if reach SL
Fib/Horizontal support Levels are specified for TPs
Ride the trend and Trail your stop loss
Manage your risk properly
2010: SABIC (Falling Wedge Breakout)Falling Wedge Breakout in play
Entry at current price (Aggressive)
Wait for HL formation/Retest of trendline (Conservative Entry)
Dow Bullish trend in continuation
Above 50 EMA
Strong Horizontal supports (Weekly) are specified; Watchout levels as S/R
Fib Levels are specified for TPs
Trade with proper stop loss
Ride the trend with trailing stop loss
Do proper risk management
2010 | SAUDI BASIC INDUSTRIES CO | 1DIt broke downtrend with a bullish momentum and started making new higher highs and higher lows
# Bullish Indicators
- Green candles from trend line support
- Breakout from downtrend
### Trade Plan
👉 Entry: 89.4
💰 TP: 93
🚫 SL: 84
SABIC - Saudi Basic Industries Corporation SJSCPotential Harmonic Pattern "Shark"
Targets are shown on the chart.
SABIC | 2010 | LONG It appears to be in down trend. Monthly support and resistance are marked in blue color. Weekly support and resistance are marked in yellow color. Bullish hammer candles are also formed and around 5% short term gain is expected.
SABIC | 2010SABIC appears to be in a downtrend. There is no clear pattern according to Dow theory. It is not making HH and LL but bullish hammers are formed and a short term gain (2%-4%) is expected followed by a downtrend.
Long on SABICConverging trend line and divergence on Klinger Oscillator suggest trend reversal
Buy: between 84.5 till 86.2
TP: 89.60
Saudi Basic Industries Corporation SJSCStop loss and targets are in the chart,
DYOR, this is not a financial advice,
Good luck..
a company saudi basic industri is bullish with great potentialHello ladies and gentlemen, according to my analysis of the company saudi basic industries corporation There is a high potential for the company's value to rise to 106 Saudi riyals
Saudi basic industries in trading rangeAccording to what we can see in the chart 2010 is in trading rangeand we are now in the middle so we can sell short and take profit at the bottom and then wait for reversal signal and buy
2010 short -- the worst and the most likely TASI will fallback with Blue chip stocks .
GL HF trade save
SABIC 2010SABIC ON 1D Farm , crossing 133 witch is the green trend line will Bush it to 145
133> 145
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126.40
