DON'T BUY 2310Some days ago, I posted to wait before you buy on 2310, but still some of the people who saw my post here and on other platforms bought and now they're in losses.
The problem now is the market is coming lower and it won't go higher anytime sooner.
The price now after it gave us a confirmation that it will keep coming lower, we'll expect it to go at least to 20.02 which is the point where we have our price gap that needs to be filled.
Again, don't waste your money on a stock that will get you in losses.
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Saudiarabia
DON'T BUY ARAMCOAramco is one of the stocks I receive questions about the most, and which took money for lots of people.
For now you can't buy, especially after the last Q of 2024 earnings, and we'll expect from the price to come lower at least to 26.60.
If you're holding anything on 2222, close and wait for the price to give us a clean entry to take and I will post it for you!
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ANALYSIS ON 1120I received texts about 1120 if you can buy or no especially after the last reports, you can see that the price came and broke the LQ level we have at 94.5-96.1 and now it is heading towards the LQ zone at 100.2.
I told my clients to sell at 94.5 where we have the LQ zone as a safety exit, but the price managed to keep going higher. Now if you still holding, make your target 100.2 to safely close your position and keep your profits.
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IS EMAAR GOING DOWN ? Emaar's stock is targeting the levels of 12.20 - 12.05, presenting a good buying opportunity for short-term traders with targets of 12.65 - 12.75. It’s important to adhere to the stop-loss level, which is indicated by a daily close below these levels. Although there’s still a risk of the stock dropping back to previous levels around 11, the current movement needs to be monitored to determine its future direction.
WAIT BEFORE BUYING 2310Months ago I posted about not to buy 2310 since it is coming lower, still some of you bought and lost their money as I saw on other platforms and from people who contacted me.
Now the market reached the level I told you and we will wait for a confirmation of the reversal, as soon as I get it I will post about it and you can take the trade.
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Is Saudi Arabia the next new Dubai? As we go into 2025...
Have you ever thought about Saudi Arabia? If not, you are now!
Is it going to be the next new Dubai - Time will tell.
We have Trump Tower built and many other hard assets increasing within Saudi and investors seem to extending further. The growth of Saudi not only commodities advantage they hold, but the other relation matters.
That's the fact jack - Residential real estate prices and rents continue to soar in Saudi Arabia. The cities of Riyadh and Jeddah saw year-on-year sales prices jump by 10% and 5%, respectively, in the first half of 2024, according to property consultancy company JLL's KSA Market Dynamics Report H1 2024.
I'd personally be a dip buyer if we break out of this wedge and decline further for a medium term. If we are to break higher out of wedge there's great target areas.
I could go on further to discuss macroeconomic factors, see further on my Substack about 2025 outlook - Saudi Arabia, other EM countries and much more!
All the best for 2025 - Let's make it rain!
Trade Journal | Empowering Your Trading Journey
UPDATE ON 1120A month ago, I posted not to buy on 1120, and still some texted me and complained, after that it went higher they bought and now they're in losses.
The price is still consolidating on its range, it came up to the liquidity zone to grab it, now it reversed again to go lower.
If you are a person who really takes clean entries, 1120 isn't yours now, trust me, once you buy and lose your money, you will search for someone to help you recover.
Before you buy any stock, get a consultaion first then you invest your money, I read in groups people lose their money in some basic cases, and if you ask their answer is always I heard from someone.
If you don't know how the market is, you get a consultation from analysts here on TradingView, you can find lots of experts and you'll buy in a safe place.
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DON'T BUY 1150You can notice on the chart that the market been pushing downwards since the beginning of the year, in the chat groups people are saying that you can buy... But the chart is saying the opposite of what you see in the groups.
You can notice that it just broke a level that gave it a push towards the Price Gap we have at 25.85-25.50 to fill it then we'll see how the next move will be.
Please if you already have shares on 1150 sell them, and if you're welling to buy don't do it and check on the posts I have on my account for the stocks you can buy!
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DON'T BUY TASIAs you can notice on the chart, TASI filled the Price Gap we had at 12,152.282-12,229.265. Now it is heading towards the Liquidity level at 11,439.529.
If you already bought on TASI sell your shares and wait for the next entry,and if you're welling to buy it's ot the right time to do so. You can check on the other stocks I posted and buy on them and follow me for more trades on Saudi Stock Market!
BUY 2040Saw on a group people wondering if it's still time to buy on 2040 and I wanted to share with you this entry you still can take.
Wait for the market to come back to Fill the Gap and Grab the Liquidity at the same time so you can have a clean entry.
Entry at 33.60, Target at 37.20 and Stop at 31.80.
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2222 WILL MAKE A CORRECTION BEFORE GOING HIGHEROn 2222 as you can see on the chart, the market just filled the price gap we have in the levels 27.95-28.10 and now it will come lower for a liquidity grab. If you're welling to buy now please don't so you don't lose your money in the correction movement.
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NOT A GOOD TIME TO BUY 1120Dear Saudi Traders, been a while since I last posted on Saudi markets.
As usual I'll be posting on the stocks most of you are buying, on 1120 as you can see, the market reversed after pulling back on the 93.6 level, now it is heading towards the 86.8 level to grab the Liquidity and fill the gap to go higher.
For now don't buy on 1120!
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WTI: Will Iran drag Saudi into conflict? Israeli officials are considering how to respond after an Iranian missile strike on Wednesday, which caused little damage, but definitely had the potential to do so.
Their next steps could depend on the U.S. stance. President Joe Biden reaffirmed U.S. support for Israel but made it clear on Wednesday that he would not support Israeli strikes on Iran’s nuclear sites.
Oil prices have already jumped 5% after Biden mentioned discussions about possible Israeli strikes on Iran’s oil industry. Iran, the world’s seventh-largest oil producer, exports about half of its oil, mainly to China.
If tensions escalate into a broader conflict, Iran it is expected to draw Israel’s regional allies, including Saudi Arabia (an even larger oil producer than Iran) and Jordan, into the confrontation.