8010: TAWUNIYA LONG8010: TAWUNIYA
has formed a cup and handle formation and a successful breakout of the pattern occurred recently. Long position can be taken with still room for 10-12% profit. Set SL below the breakout of handle
Good luck!!
8010 trade ideas
The Company for Coop. Insurance"Higher high" is a term often used in technical analysis of financial markets. It refers to a price point that is higher than the previous high price in a given period, indicating an upward trend. This concept is part of the pattern analysis used by traders to predict future price movements and make trading decisions.
8010 Cooperative Insurance Initially, 8010 showed a bullish trend followed by a distribution phase. Subsequently, it resumed its bullish trend and has been adhering to the trend line so far. However, recent testing of the trend line prompts the need for analysis to determine whether it will turn bearish or continue to track along the trend line.
8010| Tawuniya📊 Tawuniya
📈It is trading in a bullish flag and in the ceiling of a bullish channel, about to be breaking out soon
🔖The channel ceiling is at 170 riyals
🔖 After confirming the break out, the stock is promised a 30% increase 🚀 to the level of 220-225 riyals
🏹Goals: starting from 160 to 220 riyals
🏷️ Current price is 157.60 riyals
🎯Next goal: 160 riyals
👇🏻 The rest of the goals and details are in the chart
Good luck!
🤝Please do not forget to support, cheers, likes, comments and boost!
Thanks!
8010 consolidate stateThe current market exhibits a consolidation phase, with support at 114 and resistance at 128. The recent close at 119 aligns with the 50-day SMA. The pattern indicates potential upward momentum if the price maintains support, with a target around 125. Monitoring the price's ability to sustain support is crucial for anticipating the projected upward movement.
8010 sell limit till the target area shown8010 is saudia market is going toward the target area around the support and the 61 Fibonacci.
So entering buy position isn't good idea.
