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Saudistocks

Get Ready For the PartyOne of the heavily traded stock in TASI, I like the setup!! I think very soon it will make a very big move. After touching the resistance zone that is around 42.00 it touched 29.50 and bulls are in control for now. It have taken a bounce from the immediate support zone and now its ready to fill up the gap that it had created while coming down. The same GAP will now act as a resistance which should also be a first target. Over all looking in control, for a safe entry wait for a closing above resistance that is 34.30 Hit like & follow guys ;)
TADAWUL:2250Long
by stalkstock
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 .
9
by StockAnalystPro