Hello ladies and gentleman,according my analysis To SAUDI BASIC INDUSTRIES STOCK .there is agreat probability long to 96 SAR.
Daily chart, SABIC (2010) stock is trading in an ascending channel for a year. Now, it is showing positive signals for upwards movement to test the resistance line (BLUE). After crossing (around 86.3), the target will be 96, then 102 Positively, the technical indicator MACD crossed the zero line up.
hello first as you see on my chart resepects its evolution according to the figure so: - if it breaks the suuport line around 65.8 it will reach 59.4 then maye be pulback toward its broken support then continue its free fall until 38.6 or more. - otherwise it will rebond on its support and buyers can hold their stocks wishing higher levels Remember that this...
we must keep entry with stop loss entry is a good opportunity dont miss but keep in head the stoop around the area
HERE is the new target for SABIC also for the market and the other companies my wishes only to rise slowly not sharply, coz sharp rise means sharp fall.
Watch for 2010, Formation of HH (HL formation in progress) Support from trendline (Falling Wedge Top) Support from Golden Pocket First Green candle on Heikin Ashi (HL formation in progress) Expected rebounce from fib retracements (91.3, 90.1) AB=CD Target
Classical Dow theory in picture AB=CD pattern in formation Wait for breakout of B which will be new HH Short Trade Setup 1- Entry at Current Price 94.6 or 94.2 tight SL 93.4 TP 96.8 Long Trade Setup 2- New Entry 98.2 (on green candle closing) TP 101.2 SL 97.2 (or previous candle bottom)
Moving within Falling Wedge Breakout and Retest is observed Formation of HH, HL Support from MA 50,100 (Cross) -->1H TF Trade with Stop Loss Ride the trend with trailing stop loss
Falling Wedge Breakout Observed Short term and long term Bullish setup is available HH, HL formation Wait for HL formation for Entry or at current level Stop Loss is specified Same setup for new entry if reach SL Fib/Horizontal support Levels are specified for TPs Ride the trend and Trail your stop loss Manage your risk properly
Falling Wedge Breakout in play Entry at current price (Aggressive) Wait for HL formation/Retest of trendline (Conservative Entry) Dow Bullish trend in continuation Above 50 EMA Strong Horizontal supports (Weekly) are specified; Watchout levels as S/R Fib Levels are specified for TPs Trade with proper stop loss Ride the trend with trailing stop loss Do proper...
According to what we can see in the chart 2010 is in trading rangeand we are now in the middle so we can sell short and take profit at the bottom and then wait for reversal signal and buy
Sabic targets is 96 I believe there is a taget in 87 but i dont think it will reach it
It tried to cross a important gold ratio of FIB but could not and now its dropping down, no need to catch a falling knife lets wait for a proper up trend. For now stay away from this !! Hit like & follow guys ;)
Bearish Indicators 1- Bearish trend is confirmed after LL 2- three black crows at top trend reversal Bullish Indicators 1- Current price @fib 38% level of complete trend 2- Next Support @fib 50% (99.32) Trade Plan A Long @current price with SL @106.24 Trade Plan B Short @106.24 if 38% fib level is broken SL @113 TP1 99 TP2 84
Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, do not be hesitant to send us message (inbox). Again, We have also provide signal recommendation with detail instruction 2010 (TADAWUL) - Bullish Trend
Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. Do not be hesitant to send us message, if u have question, or any request for stock analysis. 2010 (Saudi Basic Industries) - TADAWUL - Bullish Prediction