SAUDI BASIC INDUSTRIES , BUY SETUPTADAWUL:2010
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Tadawul
Profit conclusion The stock was highlighted at price 32. Current stock price 45.
Over 35% profit in less than a month
It’s good enough profit !!
Saudi Tadawul Bulls are here watch outMarket have almost crossed the resistance zone it have also retested it successfully after the breakout, its also above 200 ema which is bullish, its also making higher highs and higher lows as per my analysis its good to go higher from here.
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TASI Started its C wave down - TGT is 7250 area give or takeTASI Started its C wave down
** Not a trading advice
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 :)
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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 :)
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Tadawul retracementslow and steady retracement at the breakout levels. I think more upside coming soon. Many shares in tadawul have given breakout and are coming back for a restest i think more bullish scenario coming ahead. Happy Trading :)
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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 :)
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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?
[Alinma Bank] - High probability to ride up to the price 17 SARAlinma Bank stock High probability to ride up to the price 17 SAR.
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#TADAWUL Red Sea International Company ascending channelPlease dont forget like this analysis to support my work.
The acsending channel and the volume show a good sign to buy at this moment.
Saudian Market - TASI - weekly chartTASI - Saudian Market - weekly chart
# The current trend is downtrend
# Under the important resistance 7000 may go to 5500 then 4775 to achieve targets of the head and shoulders pattern and the expected shark pattern
# The positive scenario will be above 7000
Tadawul - SAUDI BASIC INDUSTRIES CORPOn demand of Mr. Mostafa - we have a high probability bullish SAUDI BASIC INDUSTRIES CORP .
thank you ... enjoy !!!
TABOUK CEMENT CO - TADAWUL going long TABOUK CEMENT CO - TADAWUL going long..but must be careful because the trend of TASI is not strong yet...
ARAMCOcost after yields
the government will give 10% additional shares for every holder after 6 months form the IPO and granted minimum of 1.4 SAR per share for the next 5 years
$2222 | Saudi Aramco | Bear Flag FormationHonestly, this price action is not looking good, I have drawn out two scenarios as we are currently trading mid-shockwave.
Leaning bearish
Technical Analysis Update: Tadawul All Share Index (TASI) - SaudSummary
• TASI / KSA break out of bull head & shoulders bottom trend reversal pattern.
• Indicates continuation of long-term upward sloping trend channel.
• Key Fibonacci zone targets marked on enclosed charts.
Bullish reversal is indicated as the Tadawul All Share Index (TASI) (Saudi Stock Market) breaks out of a head & shoulders bottom reversal pattern at the start of the week. The pattern formed following the completion of a 78.6% Fibonacci retracement of the near-term downtrend.
A continuation of a long-term uptrend channel can be anticipated with an eventual rally back to the top of the channel. Fibonacci retracement and projection levels are marked on the enclosed charts to identify potential near and long-term price targets.
Nevertheless, a decisive daily close below the head at 7,396.60 is a failure of the above bullish scenario, while a daily close below the right shoulder at 7,808.54 puts the bullish scenario at risk and requires a new assessment.
Investors in US markets can access the iShares MSCI Saudi Arabia ETF (KSA) ETF for exposure to the Saudi Arabia stock market. An upside breakout in KSA occurred this week as price closed above $30.56 on a daily basis. Support at the bottom of the right shoulder of the head and shoulders bottom reversal is at $28.97, while the bottom of the head is at $28.04. Fibonacci target levels for KSA are noted on the weekly chart below.
Saudi Re, We should be expecting a wave 3 up Scenario 2Hello Traders,
The second scenario "which I wrote previously" could be valid, which we are in wave 2 and should see wave 3 coming.
Position Strategy
When the price reaches 7.40 Saudi Riyal, we should respect the bullish bar on the monthly chart, and go long, with a lost stop of 6.09 Saudi Riyal. This scenario is only confirmed when the price hits a price zone higher than 10.04
Happy Trading
Harbs
