buying opportunity SAUDI BASIC INDUSTRIES CORPwe have a break in vwap with a large bogie plus an interesting volume this means that the buyers have entered the market so a buying opportunity
2010 trade ideas
Is SABIC about to change its direction?SABIC currently is moving between two support and resistance lines that are about to meet soon.
So in that time, I think that a new decision will be made by either buyers or sellers to change the previous direction.
SAUDI BASIC INDUSTRIES , BUY SETUPTADAWUL:2010
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SAUDI BASIC INDUSTRIES CORP 2010technically
We notice the rise in the price after reaching Fibonacci levels 0 at 61 and the downtrend ending after forming a bottom above a low and the beginning of forming an uptrend
The price is now based on strong resistance and the Fibonacci levels at 0.23 at 86
It is possible to buy from this price, especially after breaking the Moving ravage Line 200
2010 ↗↗↗It seems to me that 2010 It will increase in the next few minutes. Anyone needs a consultant, I am at the service.
Wait ! Currently, no Take decision is made to buy or sell
In case the green line to be crossed ,I Advaise you to buy
In case of crossed the red line, I Advise you to sell
ATTENTION Indicators indicate a decline in the market during the next week
Difficult to return to Zone 1
SABIC between 90 and 95 again?Why would you think that SABIC goes between before corona price again?
Buy opportunity for SAUDI BASIC INDUSTRIES CORP stockNice rising market volume after a downtrend movement, RSI stabilizes above 50, which gives a positive indicator to the upmarket.
SABIC, A BULL WORTH THE WAITThis is the second time SABIC tests the resistance line drawn. Oil prices going up and an extended OPEC deal should benefit the market as a whole. Volatility for this stock is also good, however, I'd still wait to see what setup will emerge, if it breaks this line of resistance, then I expect the next resistance to be towards the 100SAR mark. Here's hoping it does. Please share your ideas and comments and lets learn together!
Continuing of Buying SAUDI BASIC INDUSTRIES CORPAll the indicators supporting the strong Buy momentum
SAUDI BASIC INDUSTRIES CO likely to go up .TADAWUL:2010 gave a buy signal , I think price is likely to continue up to around the first blue rectangle (88.3-91.5 Area) which would be the first target with a powerful level around the 88.3 (first blue line) .
It would be interesting then to watch If the price breaks and closes in an upcoming day considerably above the first blue rectangle (Above the 91.5) because if it does , it would likely continue up to around the second blue rectangle which would serve as a potential Second Target .
(Second Blue Rectangle :101.5-105.5 area with a powerful level around the second blue line at 101.5)
SAUDI BASIC INDUSTRIES CORP. LONGSAUDI BASIC INDUSTRIES CORP. LONG
If we maintain the momentum we can look for 100 or higher, for now SAUDIBASIC INDUSTRIES CORP.. is to hold in portfolio or even buy more at the level highlighted on the chert
