📈 TADAWUL: 3050 (Southern Province Cement Co.)
The stock has entered a long-term demand zone near 30.70–32.00, showing historical support. If this zone holds, a potential bullish reversal could take price first toward the 36.90 resistance, then to 44.00, with a final target around 46.35.
Trade Idea:
Entry: 32.00–33.00 (inside demand zone)
TP1: 36.90
TP2: 44.00
TP3: 46.35
SL: Below 29
Bias: Bullish (as long as price holds above 30.70)
Narrative: Accumulation in demand zone with a possible shift in trend.
The stock has entered a long-term demand zone near 30.70–32.00, showing historical support. If this zone holds, a potential bullish reversal could take price first toward the 36.90 resistance, then to 44.00, with a final target around 46.35.
Trade Idea:
Entry: 32.00–33.00 (inside demand zone)
TP1: 36.90
TP2: 44.00
TP3: 46.35
SL: Below 29
Bias: Bullish (as long as price holds above 30.70)
Narrative: Accumulation in demand zone with a possible shift in trend.
I am an SMC & ICT Master, specializing in Market Structure, Liquidity, and Order Flow. With a razor-sharp focus on precision trading, I navigate the markets with strategy and discipline—turning probabilities into profitability!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I am an SMC & ICT Master, specializing in Market Structure, Liquidity, and Order Flow. With a razor-sharp focus on precision trading, I navigate the markets with strategy and discipline—turning probabilities into profitability!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.