Wait for Weekly Closing..Weekly Closing above 165
would be a +ve sign.
Immediate Targets can be
around 176 - 178 & then 185 - 187.
Trade must be closed if it
breaks 152 as Next Support
will be around 133 - 134.
4210 trade ideas
Bearish Divergence on Monthly TF but Bounce ExpectedBearish Divergence on Monthly TF.
Very important Support lies around
160 - 162; and a Bounce is Expected if this level
is Sustained on Monthly Support.
Bullish Divergence on Short TF; so a bounce can be seen
up to 177 & then 194 (if 177 is Sustained)
Two Important Support levels Important point is that it has broken
the Previous HL thus giving a Signal of Trend
Reversal on Daily Basis.
However, Two Important Support levels
Support1 around 222 - 223
Support2 around 211 - 213
targeting around 230 - 235 initially.
On the flip side, if 235 is Sustained on Weekly basis,
it may continue its Uptrend with Initial Resistance
around 258 - 260
SAUDI RESEARCH & MEDIA GROUP (4210)🚀 Stock Alert: SAUDI RESEARCH & MEDIA GROUP (4210)
📈 Investment View: Technically Bullish 📈
🔍 Quick Info 🔍
📈 Entry Range: 220
🎯 Targets : 270
⚠ Stop Loss: 200
⏳ Nature of Trade: Long Term (Swing)
📉 Risk & Reward Ratio: 1 : 2.50
📰 Technical View: In the preceding trading week, the price movement successfully breached the significant resistance level of 220 SAR, culminating in a notable total gain of 30.2 SAR (+14.60%) and concluding at 237 SAR. Additionally, the super trend indicator has signaled a bullish momentum within the weekly time frame, further corroborated by the confirmation provided by the MACD indicator. Looking ahead, the former peak at 270 SAR now functions as a resistance barrier, potentially prompting profit-taking activities. Conversely, there exists a possibility for the price to retest the 220 SAR level, transforming it into a support level, having previously served as resistance. To mitigate risks, a prudent approach involves placing a stop loss below the breach point of 200 SAR, as a reversal in momentum may occur subsequent to this breach.
4210Saudi Research and Media Group displays a promising bullish reversal pattern, currently its sustaining its support level of 235 which is 50% Fibonacci retracement. Our plan entails accumulating the stock around 235, while setting stop loss orders if the support breaks to manage risk effectively. Initial resistance lies around 259 and secondary resistance lies around 288, upon breaching these levels the stock has potential to test previous high of 335.
4210Saudi Research and Media group show breakout of trend line in daily time frame. Long position can be consider on the retest of the trend line at 175. First and second targets are 192.4 and 201 respectively. Stop loss below 162.
4210 (SRMG): (Watch for Triangle Breakout)Price reaching top of Triangle (Falling Resistance) after taking support from confluence zone:
Horizontal Support
Trendline Support (Bottom of Triangle)
Formation of HH, HL
Wait for breakout (Aggressive Entry)
Wait for retest/formatin of HL (Conservative Entry)
Trade with stop loss
TP levels are specified
Ride the trend with trailing stop loss
Do Proper Risk management
4210 (SRMG): Saudi Research and Media GroupSymmetrical Triangle Breakout Level
Entry at current level with stop loss
Fib Extensions for Target Prices
Trade with Trailing Stop Loss
The deal closed Saudi Research 4210 in TADAWUL KSA with profitAlhamdulillah , The deal was closed on Saudi Research and Media ( 4210 ) in TADAWUL KSA with a profit of 8.28% in a 1 week . I wish good luck to everybody.
BUY Saudi Research and Media ( 4210 ) in TADAWUL KSA 9/8/2022You can buy it Target 206.14 and 221.8 stop loss 174 money management is your responsibility . good luck
AUDI RESEARCH AND MEDIA GROUP SHORTAUDI RESEARCH AND MEDIA GROUP SHORT in time frame 4 h dont buy now next target middle line pitchfork
PREPARE TO SELL YOU SHARE THE MARKET MIGH GO TO 74.54We have a strong indications that the market will go down :
1.The 3 recent candles are all in gravestone profile, the market can't break the VWAP indicator, the VWAP act as a strong resistance,
2.The Fibonacci give us the level of 75% as a strong resistance too,
3.The respect of the red trend line and the market need to go back to the channel,
Summary:
The market needs to go back the the level of 61§ of the Fibonacci retracement, and then we may have a good buy configuration, with all the past indications it's very hard to tell that the market will go up furthermore,
Watch the growthTADAWUL:4210
A promising rally driven by the growth plan SRMG announced. It is planning to launch the Bloomberg Arabic TV broadcasting, bought shares in the UK leading newspaper The Independent, and is leading the media sector in its origin base Saudi Arabia. All supported by the history high up penetration after a huge deal on its stocks led to a 70% owned by non disclosed investors !!
Potential acquisition news are expected.
I see an underdeveloped Arabic News corp. is forming !
