Saudiarabia
AL RAJHI BANK: And the show goes on The 15th of February , TADAWUL:1120 has broken above a key level (153.2) with huge bullish momentum ,
which triggered a sudden spike to around the 170 .
After the quick spike ,price pulled back down to the 150.5-155.5 area which is an ideal buy zone with strong demand . Actually price is very likely to go up to the 179-180.5 area ,with the possibility to break above the 179-180.5 area and continue to the 195-200 area .
For position management it is recommended to apply Jesse Livermore's method to this trade :
Open 2 positions with the same Stop set in the red area .The first position's target is set at the 1st target area .The second position's target is set at the 2nd target area .When the first position reaches the 1st target area and closes , it is recommended to move the stop loss to the entry price for the second position targeting the 2nd target area .
Fervently brought to you by Manhattan Stocks.
All Requests , Suggestions and Remarks are Welcomed .
GOOD DAY TO BUY "SAUDI ARABIAN MINING"GOOD EVENING,
today there are very good indications that the SAUDI ARABIAN MINING's stock will go up in the next few days :
1)the SAUDI ARABIAN MINING's stock is over the VWAP so it's protected by it
2)it broke the VWAP so there is a very big strength of buyers today
3)it broke the last resistance to the up but not by strength
BUT
if it breaks down the VWAP and resistance which means if it rebounded on the resistance 80% there will be a downward trend
OPEN YOUR WALLETS IT'S A CHANCE
GOOD LUCK
Is it a good time to make decisions about Saudi oil ?Saudi oil has experienced an upward trend since last December, and it is now in a critical stage because it is there directly on VWAP. If it rebounds and heads to the top, its price is expected to explode in the coming days but if it breaks the VWAP downwards, it will suffer a sharp drop in its value, so these days are important days for Saudi oil, and we must be careful of any sudden changes that may happen in the market soon
GOOD LUCK
(1020) ALJAZIRA BANK Promising TADAWUL:1020 has just entered a decisive area (green area) .
I recommend to wait for a break of that area , that would be a high probability buy signal targeting the 1st target area .
There is a good potential to reach the second target area too if we do close above the 1st target area .
Right now the bullish momentum is slowing down a little so it is possible price returns to around the (22.8) level before breaking above the green area .
If price fails to break above the green area , then a return to the black area would be possible , and would represent a potential buy area.
What a RUN!!very nice stock in a strong bull run also it hit 52 weeks high. Once a stock hits all time high there are very good chances that it will continue flying higher. If from Sunday over all market is positive this stock will surely grab many eye balls and go up. Very Bullish!!!!
Hit like & follow guys ;)
RIYAD BANK,take profit and wait probably, it is time to take profit, maybe we will see a downtrend this week and after this week,so I advise to take profit right now even the market is uptrend but we can not risk what we gain, trust me just take profit and wait for what is next.
professional trader advising you,
More UpIts a nice stock and in a up trend, its again trying to break the resistance there are good chances this time it will be sucessful. Once it crosses all time high that is 47.90 more buyers will join and it will take the stock more higher. Either it will come down at the support and go up or it can directly start going up. Very Bullish for now.
Hit like & follow guys;)
9512 (RIYADH CEMENT CO.) ANALYSISTADAWUL:9512 is in a really interesting area right now .
In fact there is a BEARISH MARKET SENTIMENT at the moment , but the price needs to close below the red box (35.7 - 35.2 area) for a BEARISH CONFIRMATION .Actually ,If it succeeds to close below the red box (35.7 - 35.2) area ,It is very likely to continue the bearish evolution towards the 33-33.5 area .
On the contrary ,If price doesn't close below the red box , and later succeeds to close above the red line (36,5) then it is likely to remain stuck in the (36.5 - 37.8 )area ( between the red line and green line ) .At that time It would be just as interesting to watch the market ,and wait for a potential BULLISH CONFIRMATION : In fact , if price succeeds to close above the green line (37,8) ,it is very likely to reach the ( 40 .5 - 41 )area .
THE SAUDI NATIONAL BANK STOCK(BULLISH THOUGHTS...) level 58 broken, we come back to test it with pullback in a long term uptrend ... the lowest green zone can be a good buying opportunity if we retest at the bottom with another buy position on the zone upper zone breakout.
otherwise we can still buy the breakout of the upper green zone with another contract when comming back on the pullback ...
SAUDI BASIC INDUSTRIES CORP ready to move we are in a long term uptrend .. the prices on a major support in a sensitive area, if we manage to break the horizontal resistance in white dots we can buy the market and double the buy on a possible retest on the horizontal white resistance which will become a suport .. to be continued