BUY TASIAnd yes, here is the opportunity y'all been waiting for, you can buy TASI now and set your levels as set on my chart!
This is one of the 7 trades I shared to my cients, you can follow so whenever I drop the others you can take them!
Tadawulallshareindex
TASI IS PREPARING AN ENTRYAfter that TASI has taken the liquidity at 11,553, it just gave us an indication that it will start going bullish, no clean entry for now, but we'll keep waiting.
Meanwhile, my clients and I have taken other trades on 3 other stocks that are still in a safe zone, waiting for them to go higher so I can share them to the public.
As soon as I catch the entry and share it to my clients, I will share it to the public.
If you really care about taking clean entries, you must wait for the confirmation of the up movement then you can have a safe entry.
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TASI IS PREPARING A BULLISH MOVEMENTCouple days ago, I posted that TASI will come lower to 11,535.390, and here it is now on the level in which it will probably create us an entry to take to target higher levels.
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Different Time FramesMonthly View:
Monthly Support is around 11200 - 11500
Important Resistance is around 12500 -12700
Weekly View:
Weekly Closing above 12000 is Important for
touching the Resistance of 12500 - 12700.
Daily View:
Hidden Bullish Divergence has appeared which
is a positive sign.
If the Selling Pressure continues, we may expect a
bounce back from 11500 - 11600. Otherwise
today's Closing above 11820 can be a Positive Sign.
TASI IS GOING BEARISHAs you can notice on the chart, TASI as I told you in older posts, it grabbed the LQ at 12,302.190-12,333.861, gave us an entry point and now it is heading towards the level 11591.374 where it will grab the LQ.
For the people who have already bought, you can close and enjoy your profits, and for those who are willing to buy, the wise thing to do is hold your funds.
For further questions, don't hesitate to ask!
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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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TASI: is downtrend over?At the moment these are the bullish indications of TASI:
1. Taking support at 50% fib level of the uptrend that lasted from 24th Oct 23 to 24th Mar 24
2. Making a double bottom pattern
3. Taking support at an important support/demand level
Is downtrend over?
🚀 TASI surge 24% in 2023: Decoding the next move in 2024.Tadawul All Share Index (TADAWUL:TASI)
1) In the day chart we noticed that the Tadawul All Share Index has formed a head and shoulder pattern from April 2023 - September 2023 and a obvious neckline breakout marks the end of the H&S pattern.
2) At the end of H&S pattern we noticed a big red candle closed at 50% into the body of the previous green candle. This is a trend reversal sign known as Dark Cloud candles.
3) Since the August 2023 a sharp down trend consist with mostly the red candles. It signifies strong bearish momentum. TASI had fallen from 11933 to 10262, nearly 14% correction in a span of just 12 weeks.
4) We noticed the bullish flag pattern started forming since mid Nov 2023, where two parallel trendlines preceded by a flag pole which clearly indicates strong bull's presence in the index.
5) Dec 2023 onwards TASI started moving straight upward after flag pattern breakout and again forming a bullish flag pattern. Such back to back flag breakouts give prominent signal of long bullish run to be continue.
Happy Trading!
Cheers to this bull run!
saudi Varyfied Clay Pipe TasawulHey traders, here is the analysi.
If you guys like my analysis please hit like👍 and follow.
Thanks.
DISCLAIMER- This is not financial advice.
Bullish as usualSaudi Stock Market is very bullish and in a strong uptrend 12600 is a resistance zone and i think market will break that and make a new high. Next target is 12800 for now.
Correction TimeThere is no doubt that TASI is in a strong bull trend but we also know that market cannot just keep moving in 1 direction there is always a correction phase. Market as of now is over heated and need some healthy correction I think it will respect the support which coincides with the long term trendline. Overall surely TASI is a bullish market!!
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