TASI trade ideas
Tadawul Index startet mit - 7% Seit Anfang des Jahres hat der saudische Aktienindex „ #Tadawul All Shares Index“ rund 20 Prozent an Wert verloren. Aktienmarkt brach heute um rund 7 % ein – (Heute? – Ja in einigen muslimischen Staaten ist Freitags statt Sonntags die Börse geschlossen) #Moodys hat den Ausblick für die Finanzkraft des Landes am Freitag bereits auf negativ gesenkt. Fragt sich wie lange #SaudiArabia und die #OPEC den Öl-Streit aushalten können?
is TASI in bullish trend?The TASI index is giving signal for a bullish market ahead of the coming week. This following the consolidation at 50% retracement as well as the latest info of open line of credit for KSA .
TASI is likely to go up .TADAWUL:TASI
TASI is looking to go up towards around the 7000 level .It could even continue to go up to 7160-7180 levels if we succeed to close significantly above the 7000 mark at the end of an upcoming day .
Before it shoots up TASI could very well go downwards first to 6400-6500 level after the market open .
Saudian Market - TASI - weekly chartTASI - Saudian Market - weekly chart
# The current trend is downtrend
# Under the important resistance 7000 may go to 5500 then 4775 to achieve targets of the head and shoulders pattern and the expected shark pattern
# The positive scenario will be above 7000
buy
TADAWUL:TASI
According to the Fib Retracemment Index, the chart is rising to the level
0.236 after that it will decrease
Tasi Tasi Expected movement for this in the short medium term
Please be careful these times against keeping Saudi stocks
Also, oil prices must be monitored
Also follow-up to the Corona virus
