TASI trade ideas
TASITwo Scenarios might play with TASI. Either we go straight to 9,200 with a stop at Target 1. Or more correction to 8,180 area and then to 9,200.
Expecting Tasi Predict the Tasi movement for the coming days.
GANN+RSI are the indicators that have been used for a long time to gauge the market direction. This simple techinque is used by getting the daily RSI bullish davergance and then calcluate the squares movmmet to get uptrend .
There is one condtion to achive that by closing two days above the first square and w'll update taht later
Markets about to drop.. resistance rejected todayMarubozu bearish candle was formed once uptrend was broken, today strong rejection to break out from marubozu range, drop expected, first support at 8,350 area
SQEEZE ZONE IDENTIFIED - TOP RANGE BROKEN DOW- TADAWUL TASI 30MN#tadawul #TASI #squeeze #pullback #downtrend
The red line identifies a probable zone of squeeze and pull back. If it is broken down, there is strong probability to see the price going down further.
The blue up trending line and the two other blue horizontal line helps you to get the story for a day trader on the TASI. After a super squeeze, the market price went up and then ranged for a while before losing some power and going under the up trending blue line. Later on we observed the price ranging and going down strongly with a very significant move. Probability of people taking profits all together. I might not be done yet. The rend zone down there is probably a pivot point. Decisions are to take from there.
Waiting for price movement and clear trend would be advantageous.
For the moment we have probability to see the price going down further, ! checkpoint being traced by the red dotted line.
Tasi will go up next few weeks Tasi will go up next few weeks
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Ranges Identified - See Market Music - #TADAWUL - TASI - WEEKLY#tasi #tadawul #tadawulindex #tadawulcours #tadawulbourse #arabicstock #stock
Do you like music? See how the chart is harmoniously playing.
This #TASI is moving in #ranges, at one moment in one range then strong push to another one.
The blue lines are the next possible #ranges. At the moment the price is at a very critical price. It can pullback to go down or break the resistance to go up.
The orange line is a probable very very strong #support. The market is moving above it at the moment. We have more #probability to see the market going up, but as the market goes away from that line it can come back to it. It is acting like a possible @gravity #center #price line.
Extra blue down trending line have been traced to show you what is the music of this market as those two lines are 100% paralleled. Do you see the same music?
TASI Analysis for End of YearI personally see very good move to 8500 if this week we will break 8500 then in general we have confirmation that Tadawul KSA will close above 8700 by New Year. The move to 10000 mark will be open as soon as 8700 be penetrated. There is no Bearish signals, or Bearish pressure on market. Hawamer are buying until next year with huge amounts. Many good stocks will reach huge targets 7010 will be 120 Sabic will reach 110 and then next year 140. So watch carefully for fat green line on 8500.
TasiNow a hard landing to touch the vendor pool areas.The sale ends at the levels mentioned on the chart.
Expecting TASI to be Uptrend or downtrend v2.There are two scenarios
The first is to continue uptrend movement, but it has to be closed above point 8095 pip and then breakout 8122 pip this will lead us to 8343 pip .
Until then, we will update .
The worst scenario is falling by break downing 7840 -7812 pips
this will lead us to 7500 and then 7300 or to 7073p.
TASI Still Searching For A Support !After falling to breakout the resistance close to 8640p , the index started a new correction wave could find a first support near 7625p
