4050Welcome, dear ambitious people, we are all looking for money, but there are some people who cannot know the direction of the arrow, so I offer you this golden opportunity that cannot be missed, and thank you.
4050 trade ideas
Will the Saudi Automotive (4050) stock target 95.5 ?Daily chart, the stock may form a flag chart pattern, then the target will be 95.5, passing through the resistance level of 86.4 (historical highest high)
Technical indicators RSI and MACD show that it is time for some correction. Then, the stock continues the uptrend.
Support line (dashed red) should be considered as stop loss level.
Saudi Automotive Services CO. 4050Saudi Automotive Services CO. 4050
Trend
Elliott Wave
Chart has language
Saudi Automotive Services. Tadawul Index.This chart is showing extreme strength and finally it has given an up flag breakout after couple of weeks consolidation. Auto industry world wide has showing a great buying and this stock is non different. Immediate resistance is around 73. However, after seeing the chart structure, it will be taken out soon . The Risk Reward ratio (RR) is extremally favorable and hence one can take this positional trade.
CMP - 67 (1/9/23)
T - 88 W
SL - 57 W
4050ALsalam 3alikom, I hope you are fine!
Study the 4050 graph, which depicts daily for an Electronic . When initially looking at the chart, you should be able to immediately identify broad details, minor details and minute details.
The minor details in this chart are also quite easy to identify, which is lines respect 0.5 OTE Fibonacci. The minute details are those points in the graph where change occurs, which back and respect the order block and 0.5 OTE Fibonacci, which describe the head and two shoulders pattern.
On overall I would waiting the line to the 0.62 and respect the daily - Fair Value Gap (FVG) to Entry and my profit which the old order block on 0.62 Fibo
4050 SAUDI AOTOMOTIVE SERVICESEVERY CANDLE HAS LIQUIDITY.
PRICE ALWAYS NEED LIQUIDITY.
Nobody Knows Where is Price Going.
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DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
Saudi Automotive Services | 4050After a bearish trend, inverted hammer is formed and after that a bullish trend is formed by making Higher high (HH) and Higher Low (HL).
Entry: 31.65
TP1: 32.5
TP2: 33.5
SL: 30.75
