2240: Descending Channel Breakout2240 is showing breakout on monthly chart for the first time in a while
Take Entry now or wait for retest
Conservative entry will be after 44
Plan your trade with proper risk management
2240 trade ideas
2240The price action is currently pulled back after making support of 20 level. Moreover, MACD indicator is trading below the zero line is cross over is observed. The pattern indicates bullish reversal. Initial resistance level lies around 24.60 and secondary resistance lies around 28.15. Use stop loss below the support level of 20 if it breaks
Zamil Industrial Investment Co. (2240)ZAMIL shares have been reaching higher peaks, while the Commodity Channel Index indicator is showing diminishing highs, indicating a bearish divergence pattern on the weekly timeframe. This pattern suggests the beginning of a downward trend. Confirmation of this trend would occur if the price breaks below the support level of 23.70 SAR. Conversely, if the price manages to break and sustain above the resistance level of 28.50 SAR, the next resistance is expected around 32.10 SAR. It is advisable to consider taking a long position only after the breakout is confirmed, and to implement a stop-loss strategy to manage risk effectively.
2240_Breakout & Retest Parallel ChannelPrice has recently taken a bottom after a long downtrend
Formation of Cup is in progress
Parallel Channel Breakout is observed, Retest is in progress
Aggressive Entry now for short term profit
SL is specified
TP at R:R 1;1, 1:2 and 1:3
2240: TASI (ZAMIL INDUSTRIAL INVESTMENT CO.)Retracement from Triple Bottom
Short upward movement until top of Falling Resistance (Channel)
Entry @current level, until top of channel (TP)
Watch for breakout for fresh entry
Al-Zamil 2240Greetings All,
Hope you ding well.
Closing a daily candle above the red line will move us to the green lines as targets.
Regards,
Zamil (2240) Excellent Entry Zamil (2240) Excellent Entry , for Potential Profit (14-20% ) 👌
Stop Loss : close below 29.25
Good Luck
Good tool for determine the market trend is pitchfork We’re waiting for opportunity then we enter to market either buying or selling
