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.
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
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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)
Double Bottom Formation About to touch important Support Zone Entry 121.2 (on Green Candle Closing) SL 120.8 TP1 136.8 TP2 141.6 TP3 146.6 Ride the trend with Trailing SL
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 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...
Sabic targets is 96 I believe there is a taget in 87 but i dont think it will reach it
sell 2020 shares they are falling down the next target is where the arrow is showing you
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
After break of 9127 we will go to 9220 for sure. Hamor will start to buy after break of 9227 which will open our positions to 9600. Many bad analysts that work for hawamer they spread rumour of TASI to go 7000 again. But dont believe them follow my chart and you will see that after break of 9600 move to 10000 will be open for sure.
Why would you think that SABIC goes between before corona price again?