Tadawul
Saudi IndexTasi today gave a nice closing confirming more upside or rather resuming upside after the current small retracement from the recent highs. It also corresponds with FIb retracement levels. Market is ready to move upside and to test the 200 ema very soon. I can predict a J hook pattern which can be very strong up side move. I am bullish on this one. Happy Trading :)
Hit Like & Follow
Saudi Index are we going up Tomorrow?No doubt that its in uptrend and making higher highs and higher lows. It broke the resistance last week and the price have come in retest area and is showing good buying as buyers are ready to grab the prices. From here there is a good chance to bouce upside and make new high and make J hook pattern which is very strong upside. I am surely bullish on this market. Happy Trading :)
Hit Like & Follow
Tadawul Stuck in a range boxTadawul index is under pressure and in a range after heavy sell off triggered. Its been in this box for a while now and after 2 doji days i think either it should breakup or retrace from here and retest the bottom of the box area. Though still in a range but highly trade able as the range is big and looks juicy. In my opinion it will break up testing the 200 ema soon. Lets wait and watch till thn happy trading :)
Hit Like & Follow
Tadawul Index startet mit - 7% Seit Anfang des Jahres hat der saudische Aktienindex „ #Tadawul All Shares Index“ rund 20 Prozent an Wert verloren. Aktienmarkt brach heute um rund 7 % ein – (Heute? – Ja in einigen muslimischen Staaten ist Freitags statt Sonntags die Börse geschlossen) #Moodys hat den Ausblick für die Finanzkraft des Landes am Freitag bereits auf negativ gesenkt. Fragt sich wie lange #SaudiArabia und die #OPEC den Öl-Streit aushalten können?