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
2010 trade ideas
SABIC 2010Since SABIC’s founding in 1976 by a royal decree, it has exhibited a remarkable ability to do what others said could not be done.
Ranked among the world’s largest petrochemicals manufacturers, SABIC is a public company based in Riyadh, Saudi Arabia. 70% of the company’s shares are owned by Saudi Aramco, with the remaining 30% publicly traded on the Saudi stock exchange. SABIC’s growth has been nothing short of miraculous. Today, the company has operations in over 50 countries with a global workforce of over 32,000 talented individuals.
To find out how SABIC was created, and how it achieved its current success, please see the Corporate Profile pages. Or, for an idea of our size and capacity, see the Facts and Figures page.
ANALYSING SAUDI BASIC INDUSTRIES CORP.SELL!!!After the break-out of the bullish trend on 21 NOV,the price has been return to test the market again and failed to break-in the up trend instead,the price showed important reversal signs that confirme the start of the bearish trend:
-Monthly fraim showed a spring box with a big upper wick on 3'OCT'21(the start of the bearish trend)
-On daily fraim we can see the double top pattern which confirmed againg by a daily spring box and big volume on it
-break-out the supp and level key 123,00
SAUDI BASIC INDUSTRIES CORP is going down.SELL NOW!
Not Yet ReadyIt tried to cross a important gold ratio of FIB but could not and now its dropping down, no need to catch a falling knife lets wait for a proper up trend. For now stay away from this !!
Hit like & follow guys ;)
The analyse of Saudi Basic Indestries CorpSaudi Basic Indestries Corp was in up trend, after many of pull backs on this up trend, this up trend has been broked by an important candle as we see in the chart.
At this moment, we see that it return to the trend line for testing.
But we will see if it will do a pull back in the trend line and resume it down trend or if it will break it down trend.
Actually just remaining attentive and will see what he is going to do.
SABIC 2010Bearish Indicators
1- Bearish trend is confirmed after LL
2- three black crows at top trend reversal
Bullish Indicators
1- Current price @fib 38% level of complete trend
2- Next Support @fib 50% (99.32)
Trade Plan A
Long @current price with SL @106.24
Trade Plan B
Short @106.24 if 38% fib level is broken
SL @113
TP1 99
TP2 84
SAUDI BASIC INDUSTRIES CORP ready to move we are in a long term uptrend .. the prices on a major support in a sensitive area, if we manage to break the horizontal resistance in white dots we can buy the market and double the buy on a possible retest on the horizontal white resistance which will become a suport .. to be continued
SAUDI BASIC INDUSTRIES CORP( BUY )The price is running parallel with the new uptrend line and the possibility of a slight bounce from 120.73 level and completing the path towards the target
SAUDI BASIC INDUSTRIES CORPMy advice to everyone who bought the stock previously, do not keep it more, as it is likely that it will reach greater than this level in the coming hours, God willing
And if you are confused about whether or not to buy the stock
This is a good opportunity to buy after he breached important resistance
This resistance is currently protecting your position because it becomes difficult for the share price to close below it
The share price could reach 119.00, 120.00 and 121.00 in the coming hours
This was the analysis for me. Do not log in until you consult your account manager and do not always forget. Capital management must be strict.
SAUDI BASIC INDUSTRIES CORP( BUY )The strong break of the previous support indicates the strength of the trend, an excellent buy position on this stock
2010 (TADAWUL) - Bullish TrendHumbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market.
If you have any questions, do not be hesitant to send us message (inbox). Again, We have also provide signal recommendation with detail instruction
2010 (TADAWUL) - Bullish Trend
2010 - TADAWUL - Bullish PredictionHumbled, we would like to thanks for your support who has already liked, commented and followed us.
Your support, strengthens us, to help in analyzing the market.
Do not be hesitant to send us message, if u have question, or any request for stock analysis.
2010 (Saudi Basic Industries) - TADAWUL - Bullish Prediction
SAUDI BASIC INDUSTRIES daily analysisHi friends
the daily analysis shows that it will experience with a high probability an uptrend but at the same time you have to be vigilant of the change towards the opposite direction
TADAWUL: 2010SABIC 2010
Opportunity to enter after the daily close above the 98 level
Goals and stop loss on the chart
SBIC Will Continue to decline next days !SBIC Will Continue to decline next days
To 82.91 SAR
StoopLoss 91.87 SAR
