8200 trade ideas
8200 Insurance company The stock with ticker 8200 on the Saudi TASI appears to be experiencing significant trading activity, as indicated by the high volume at the top of its recent price movement. High volume often signals strong investor interest, which can be due to positive news, earnings reports, or market speculation. However, after reaching a peak, the stock is now retracing and approaching the 47 SAR level.
This pullback to 47 SAR could indicate a key support level, where buyers might step in to stabilize the price. If the 47 SAR level holds, it could serve as a foundation for a potential rebound. On the other hand, if the stock breaks below this level, it may signal further downside, potentially testing lower support levels.
Investors should monitor the stock's behavior around the 47 SAR level closely, as well as any news or developments that could influence its direction.
8200Hello traders,
I'm looking for opportunity to re-enter this stock this week.
There is no criteria in daily chart help to decide buying it, but when I look to 1-H chart it looks like a fakey pattern.
I will depend on the first opening hour next week to decide waiting till 46-47, or buying it.
this week I will stary buying it.
Good Luck for all
8200: Bullish_Inv. H&S_HH, HL FormationContinuous HH, HL formation
Price is showing few chart patterns (Inv. H&S, Ascending parallel channel)
Continuously forming HH, HL
Daily timeframe shows breakout of parallel channel
A correction can be expected which will be allow entry at better price.
trade with proper risk management.
Don't forget SL
8200| Reinsurance stock This analysis for short term idea and I will publish another idea for long term
Failed to break through its ascending channel
Now retesting the middle of the channel
Inside the channel just broke out its bluish flag and pending to full-fill its the pole length
Full-filling the pole length will take us to 30.30 SR which is the roof of the channel
After breaking through channel at 30.30 SR, will full-fill the channel length which will take us to 40 SR
Targets, support and, stop loos in chart
Good luck!
SAUDI REINSURANCE CO. 8200 - Bearish SignsShow some week signs:
1- Monthly resistance at 20.36 which was near a target in previous trade.
2- wait to see in 20 - 20.36 if bearish candle appear.
price will back to these targets
TP1: 18.98
TP2: 200 moving average
if 200ma not hold will not surprise if price to back to 17 or 15
Saudi Re, We should be expecting a wave 3 up Scenario 2Hello Traders,
The second scenario "which I wrote previously" could be valid, which we are in wave 2 and should see wave 3 coming.
Position Strategy
When the price reaches 7.40 Saudi Riyal, we should respect the bullish bar on the monthly chart, and go long, with a lost stop of 6.09 Saudi Riyal. This scenario is only confirmed when the price hits a price zone higher than 10.04
Happy Trading
Harbs
Saudi Re - 8200 We should be expecting a new low = Scenario No1 Hello Traders,
Previously I built up positions that Saudi Re should starts a WAVE 3 up, our analysis were wrong, and we saw that it created a new low. There are two scenarios, I will speak about the first, which looks like most probable so far
1st Scenario
Saudi Re is in the third wave down, and it should target a target zone of 4.00 Saudi Riyal. We short the moment it hits lower price zones than 5.30 Saudi Riyal. If this price or new low was not achieved, then we might be looking at the second scenario, which we are in wave 2! I will explain it in another post.
Happy Trading
Harbs
8200 Saudi_Re Hello All TADAWUL:8200
Just to define the elliot wave on Saudi_Re TADAWUL:8200 , We can see the correction ABC is over of the 4th wave, and we should expect the 5th wave with a target of 12.00 SAR minimum :)
My other thoughts is the whole wave is considered 1 :) we could be in the third wave of some degree :)
8200. Ola la! We might be looking at Wave 3 developing right nowHello Traders,
Our first analysis about TADAWUL:8200 was that we were in the process of developing wave 5! I guess we were wrong!!!! Since Nov 2017 and things became more obvious, we are certainly in the process of Wave 3, it is still developing! which we expect a very powerful uptrend, nothing can stop this trend!
We should be targeting between 13 to 17 SAR for W3
Happy Trading!