DON'T BUY 2222Aramco (2222) is one of the stocks I recieve messages about from people who have bought and now they're in loss.
You can notice on the chart that the market is currently below the strong level we have at 32.10, for now there's nothing you can do about it unless your broker allows you to enter with short trades.
My private community and I cureently are not seeking to enter on 2222 and 1120 since all there are no buying opportunities on them, anyone who have bought in them will face losses during the next days.
Don't hesitate to ask if you got any questions!
2222 trade ideas
DON'T BUY ON 2222Dear Saudi Traders and Investors, it's been a while since I last posted about any market.
Today I'm giving you some updates on Saudi Stocks.
Starting with 2222, as you can see on the daily chart, the price is currently on the tough support level we have at 32.85 with the highest volume we have in the period of the past 2 months. What you got to do now is you wait for the price to come back up with a confirmation of the pullback then you can get in with your position.
Don't hesitate to ask if you got further questions!
ARAMCO 2222 is preparing to cross 33.7, then 35, 36.7On the daily chart, ARAMCO 2222
is preparing to cross 33.7, then 35, 36.7
The stock may test support 33 - 32.5 then rebound.
Technical indicators RSI and MACD are supporting this view.
Above 37, the next target will be 43.5 (weekly range)
Stop loss at 32.5 - 32 should be considered.
Aramco has a potential to go up more and moreHello dear investor
As you see on my chart 2222 will probably raise to reach its 32.75 and 42 levels
Keep in mind that 2222 breaths its 50% corridor evolution so when we notice breaks out of these coridors it will reach the next key levels on blue color.
Remember dear ionvestors that I am not using cristal ball to predict future markets but I try to be more efficient and more rationnal.
Good luck and if you like my posts ecourage me and feel free to ask me analysis for any market you want
ANALYSIS ON 2222Dear Saudi Investors and Traders,
You can notice on the chart that the price made a pullback on the tough resistance level we have at 34.65 and now it's heading to the support level we have at 32.85.
For now don't buy 2222, wait for it to give you a sign to buy then get in the stock, otherwise you can buy on the other stocks on which you have good opportunities to take.
For further questions, don't hesitate to ask!
New Bull RunWith oil prices going up surely this is one stock that will benefit the most. We can see in last trading session it has almost broke the resistance and now its gearing up for the next leg up.
I think it will retest the support area before going any higher. Price has to go past 35.00 with big volume to eliminate any sellers present that will boost buyers confidence to add more quantities, we will see fresh bull rally.
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Aramco stock (2222) in the Saudi TASI
With the latest update in Aramco's stock movement, it's important to focus on the key level of 34.3. The timing of its breakthrough is crucial, as it can potentially serve as a catalyst for breaking through the 36 regions. This formation suggests a strong incentive for an upward breakout.
The potential target for this upward movement is in the range of 40 Saudi Riyals. However, it's essential to remember that all investments come with risks, and market conditions can change rapidly. Therefore, it's advisable to monitor the stock closely and stay informed about any significant developments that may impact its performance.
As always, investing in the stock market carries inherent uncertainties, and the final outcome depends on various factors. Keep in mind that market dynamics can be unpredictable, and it's essential to make well-informed decisions based on thorough analysis and risk management.