TASI
WAIT UNTIL YOU SPOT A GOOD ENTRY POINTWe need to wait further more until the market reach the range of the oversold profile then we can spot a good buy entry and take a wise investment
WE SHOULD BE OUT OF THE MARKET FOR NOW For now, we can't take accurate decision to enter in a buy position because we are in the middle of the recent price change action, I suggest to wait until the test at the oversold situation ( the green support ) and then we can buy after the market confirms our view
TASI UPDATE!!!The Market now is testing the 50% value of Fibonacci retracement, for now the market is trying to go up to the level of 61 but anyway this recent bearish move is very significant and powerful and it's very hard to judge that the market will go up
A CALL FROM THE SUPPORT TO SEE WHAT TO DO NEXTNormally we should try to spot a buy position, now the market will be in a corrective wave and might go to test the green trend line below with a high probability, we saw the same respect toward the red trend line which is a clear rejection and the market want to go back,
THE GREEN TREND LINE CAN ACT AS A MAGNET!
SOUTHERN PROVINCE CEMENT CO. 3050SOUTHERN PROVINCE CEMENT CO.
On the weekly frame, breaking the bearish trend and closing above it.
Target = 83.50
Stop-loss = 71.40
12.85% !!!
TASI UPDATE! STILL SHORTThe market will return again to the previous channel and will be in a sideway position with a high probability, also we have candles with small bodies within the resistance level and then we saw a red engulfing candle with a message, that is this resistance is a solid one and can't be broke, so we can enter short and put our target within the level of 7544.337
A Falling Wedge on The Daily frame - Saudi AramcoAs we can see in the chart, a descending falling wedge has been broken. Wait for the retest.
TASI WILL RETURN TO THE SIDEWAY PROFILE! ENTER SHORT!!The market will return again to the previous channel and will be in a sideway position with a high probability, also we have candles with small bodies within the resistance level and then we saw a red engulfing candle with a message, that is this resistance is a solid one and can't be broke, so we can enter short and put our target within the level of 7544.337
TASI WILL BE IN A CORRECTIVE WAVE! STRONG INDICATION!Please share with me your thoughts,
kind regards,
Al Sagr Cooperative Insurance Co. 8180 I see some positive movements on long term , Buy area 11.20 - 12.30
Sell area 18 - 18.60
Tasi will go up next few weeks TASI will go up next few weeks .
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Covid-19 Trend is Over? TASI did switch its previous upward trend into downward trend since May 2019 regardless of Covid19.
And then it did start short term upward trend that I think it is about to end soon and then continuing on the downtrend trend that started earlier unless there is a good reason to not.
It’s like a flight had to do emergency landing and then take off again. And now it’s almost ready for landing, unless that is going to be cancelled for unexpected reason...
Possible Bearish ABCD PatternTADAWUL:TASI index could reach 6750.00 especially if it closes under 7396 in the weekly time frame.
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 !!
TASI Started its C wave down - TGT is 7250 area give or takeTASI Started its C wave down
** Not a trading advice
