saoudi basic industries holders be awarehello
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 support is a critical level so pay attention
NB:the horizontal blue line presents a historical level that retraces history of this stock
Keep in mind that i am not having a cristal ball predicting future but i try to be more efficient and rationnal
Saoudi
2222 .aramco down Trend ,what's Next ?Hello ladies & gentleman ,According to my analysis I think there is a high probability for a rejection in the areas mentioned ,as we see a bullish divergence,which confirm a bit our analysis,,But it can continue the down movement until the 2nd area.
We will wait the next days for a good confirmation,also to keep the investment more clear.
If you have any suggestions or opinions ,tell me discuss it..