Fawaz Abdulaziz Al Hokair Co 4240 January 2025Trading Setup Overview
Break of Structure (BOS): A strong move upward has likely broken a key structural resistance level.
Target: Equal highs (liquidity zones) are present above, which might act as magnets for price.
Bias: Keep this idea in view for a short-term bullish continuation unless a reversal pattern forms.
4240 trade ideas
Fawaz Abdulaziz Alhokair 4240 Buying from Below Sell-side Liquidity
Entry:
Looking to buy from the Below Sell-side Liquidity.
Target:
Targeting a move towards Above Buy-side Liquidity at 18.94.
Analysis:
The setup is based on smart money concepts (SMC),(ICT) focusing on liquidity grabs. The sell-side liquidity, expected to act as a reaction point, with a strong potential for price reversal targeting buy-side liquidity levels above.
4240The AB=CD pattern is a popular harmonic pattern in technical analysis, used to identify potential reversals in the market. The bearish AB=CD pattern indicates a potential price reversal from an upward trend to a downward trend. Here's how it works and what to look for:
Components of the Bearish AB=CD Pattern
AB Leg: The initial upward move (AB).
BC Leg: A correction or retracement from the AB move (BC).
CD Leg: A continuation of the trend in the same direction as AB, ideally mirroring the length and duration of the AB leg (CD)
Brief Review of 4240 Stock on the Saudi Stock Exchange
Investment Details:
- Stock: 4240 (Fawaz Abdul Aziz Al Hukair)
- Quantity: 2000 shares
- Purchase Price: 12.00 SAR
Review:
I recently invested in 4240 stock on the Saudi Stock Exchange, specifically in Fawaz Abdul Aziz Al Hukair. Initially, the investment seemed promising, with the stock priced at 12.00 SAR per share when I purchased 2000 shares.
However, my experience with this investment has been disappointing. Despite the initial optimism, the stock has consistently performed poorly, reaching an all-time low in liquidity. This lack of liquidity has made it difficult to execute trades efficiently and has significantly impacted the overall performance of the investment.
Overall, my experience with 4240 stock has been unsatisfactory, with the low liquidity and poor performance overshadowing any potential gains. I would advise caution to anyone considering investing in this stock until there are signs of improvement in its performance and liquidity on the exchange.
"weekly_monthly_peaks_and_troughs.js"// Weekly peak and trough indicator
function weekly_monthly_peaks_and_troughs(close, volume) {
// Calculate the weekly and monthly close prices
var weekly_close = close.resample("W").last();
var monthly_close = close.resample("M").last();
// Initialize the peak and trough arrays
var weekly_peaks = ;
var weekly_troughs = ;
var monthly_peaks = ;
var monthly_troughs = ;
// Loop through the data and find the weekly and monthly peaks and troughs
for (var i = 0; i < weekly_close.length; i++) {
// Find the weekly peak
if (i == 0 || weekly_close > weekly_close ) {
weekly_peaks.push(weekly_close );
}
// Find the weekly trough
if (i == 0 || weekly_close < weekly_close ) {
weekly_troughs.push(weekly_close );
}
// Find the monthly peak
if (i == 0 || monthly_close > monthly_close ) {
monthly_peaks.push(monthly_close );
}
// Find the monthly trough
if (i == 0 || monthly_close < monthly_close ) {
monthly_troughs.push(monthly_close );
}
}
// Return the peak and trough arrays
return {
weekly_peaks: weekly_peaks,
weekly_troughs: weekly_troughs,
monthly_peaks: monthly_peaks,
monthly_troughs: monthly_troughs,
};
}
4240 -FAWAZ ALHOKAIR Stock is trading near to 52 week low.may test 52 week low and possible make new 52 week low.
past two days high volume with price downward movement ,it indicate stock may fall further.
if this stock trade above 16.14 for 3 hour s we may see some bullish movement . other wise 15.30 is support .
Relative strengh of this stock is 33 should be above 60 for bullish .
price recent support level 14.75 SAR .
better to avoid stock which is trading [ b]52 week low .