AL JOUF CEMENT – BUY PLAN (TADAWUL: 3091)📈 AL JOUF CEMENT – BUY PLAN (TADAWUL: 3091)
✅ Current Status:
Price: 7.09 SAR
Action: Initial entry taken — some shares added to My portfolio.
🔍 Technical Overview:
Sell-side Liquidity Cleared:
Previous lows taken out, triggering liquidity sweep.
Strong reversal suggests potential shift in market sentiment.
Volume Imbalances (Voids):
Bullish targets marked based on unfilled volume gaps:
📍 Target 1: 8.34 SAR (➕17.63%)
📍 Target 2: 10.01 SAR (➕41.19%)
📍 Target 3: 12.93 SAR (➕82.28%)
Trendline Liquidity Above:
Long-term descending trendline can act as a magnet for price, drawing it upward.
Bullish Confirmation:
Price has reacted from a bearish fair value gap.
Clean bullish engulfing and strong volume — suggests start of reversal.
🎯 Buy Strategy Breakdown:
Step Action
✅ Partial buy/entry completed (accumulation started)
📉 Wait for small pullback or bullish continuation to add more
🛡️ Stop Loss: Below recent swing low (around 6.50 SAR)
🚀 Targets: TP1 – 8.34, TP2 – 10.01, TP3 – 12.93
🔁 Re-evaluate plan if price closes below 6.70 with volume
