The price action on the 4-hour chart of ELM CO (TADAWUL) has formed a double bottom pattern, signaling a potential bullish reversal. Trade Idea: A breakout above 1115.0 confirms the double bottom pattern. Risk management is crucial – placing SL below bottom at 1048 to ensures controlled risk. Key Levels: Neckline Breakout: 1115.0 (Entry Point) TP1: 1182.0 TP2:...
AST SpaceMobile has successfully broken out of a falling wedge pattern, confirming support at the 0.618 Fibonacci retracement level from its previous uptrend. The breakout suggests a potential upside target of $42 (+67%) The last major rally started after May 15, 2023, when AST SpaceMobile announced the first-ever voice connection using a satellite-connected...
The chart shows forming a potential double bottom, a neckline (potential breakout level) appears around 123.20 SAR. A decisive break above this resistance is generally seen as the bullish trigger which could open 6–7% profit opportunity toward ~131.8 SAR Always manage risk in case the breakout stalls.
Al Hammadi_4007_Tadawul: Price has rebounded near the 200 SMA <~43 SAR> and is hovering around the 100 SMA, sustained closes above these long-term averages typically indicate bullish strength. Support & Resistance: Primary Support ~37–38 SAR, which held during the recent pullback. Momentum: Signaling a potential shift in bullish momentum, safest entry can be...
Mobily_7020_Tadawul, appears to be forming a textbook Cup & Handle pattern, indicating a potential bullish continuation, breakout with a target around SAR 67 level.