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DR. SULAIMAN AL HABIB MEDICAL SERVICES GROUPDR. SULAIMAN AL HABIB MEDICAL SERVICES GROUPDR. SULAIMAN AL HABIB MEDICAL SERVICES GROUP

DR. SULAIMAN AL HABIB MEDICAL SERVICES GROUP

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4013 trade ideas

4013: Watchout for trendline Breakout4013 has been in correction after making ATH. A significant support (Ascending trendline) was broken in recent past for the first time. After completion of Harmonic Pattern, Double Bottom formation, a short upside move is observed (formation of HH, HL). However, ascending trendline will be acting as resistance now. Although, breakout of trendline was observed during the recent bullish trend, but couldn't sustain. Wathout for breakout of ascending trendline resistance for long entry. Trade with SL
TADAWUL:4013Long
by YASIRWA
TASI, 4013, Dr Sulaiman Al-Habib Medi Srvcs Grp Co TADAWUL4013 is ranging within symmetrical triangle Touching bottom ascending trendline support (Very strong support since 2020) Expected Fib retracement between 61.8% and 78.6% Everytime it touch Ascending trendline support, it bounce Biased: Bullish There can be two possible scenarios 1) Bullish: Short bullish trade until top descending trendline resistance. Breakout (after reaching top descending trendline resistance) Further Long position can be taken if bulls managed to close above upper wedge (Trail your stop loss) 2) Bearish Rejection (Breakdown of symmetrical triangle) If bearish candles formed breaking the lower support. Trade your levels accordingly.
TADAWUL:4013Long
by YASIRWA
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