Bullish..Bullish on Daily as well as Weekly TF.
Morning Star formation on Daily TF.
Sustaining 31.50 may lead it towards
33.50 - 33.80 initially.
34.75 is an Important Resistance for now.
However, it should not break 28.70
4191 trade ideas
4191 Fourth wave is about to finish Abo Moati (4191)
since December 22 till now Abo Moati begins a bullish move, moreover, on 29 March there was a change of character on daily timeframe.
Now, it is about to finish the fourth wave as an irregular flat (ABC).
TP is set as wave 5 target between 40-44
SL 30 in which wave 1 ends
4191: TASI (LONG)Falling Wedge Breakout
Confirmation of Bullish trend (HH, HL)
Take the trade with stop loss
Ride the trend with trailing stop loss
4191 Abo Moati Longthe negative target reached and touched a strong support level at the bottom of the channel
Follow, Like & Comment
my idea about this oneit has re-tested the downtrend line but got rejected thats why i expect a drop in the price , it might retest it another time if it break the trend line it would go up to the mentioned targets in green but if it fails it will drop to the purple rectangle as an interest area of demand
Abo Moati (4191) entry setup for 20%Entry setup for potential Target (48.50-49.40) about 20% Profit 👌
Stop Loss : close Below 40.30
good Luck
BullishThe share could potentially reach 64.23, however there is upside resistance at 42.36 - alert for bearish signals.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Buy ABO MOATI after break the orange line at 29 Buy ABO MOATI after break the orange line at 29
targets on the chart by the green color
red line is the stop loss
