6014 trade ideas
Alamar Foods (6014) is waiting a reboundDaily chart, the stock was trading in a descending wedge, broke down, and the target is 73.
However, it seems there is a tendency to re-test the previous trough at 88.6 and rebound from it.
Above the red line (103 - 104), the next target will be 121 (the blue resistance line)
Buying Alamar as Growth Potential and Trend BreakTADAWUL:6014 is a company I have been researching extensively. Living in Dubai, I know their impact in the region. While their past financial reports came negative, it was mostly due to declines in sales, impacted by currency devaluation in Egypt and Lebanon and inflation affecting the cost of sales. However, this is normal for a Quick Service Restaurant operator as inflation heavily affects its costs and it is price elastic industry.
On the chart, we saw double bottom at support, break of trend and resistance. I am long on TADAWUL:6014
✅ AL AMAR FOODS CO ✅NO LIQUDITY SWEAP NO ENTRY.
STRUCTURE IS CHANGING ANYTIME.
EVERY CANDLE HAS LIQUIDITY.
PRICE ALWAYS NEED LIQUIDITY.
Nobody Knows Where is Price Going.
Hey traders, here is the analysi.
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SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
DISCLAIMER- This is not financial advice.
