TASI
SCIENTIFIC AND MEDICAL EQUIPMENT HOUSE 4014Scientific and Medical Equipment House Weekly frame waiting to hit 74.35 and 79.30 Good Luck.
3030 Saudi Cement COBearish signs downtrend no 200 MA breakout.
49 and 44.5 are good entry if there is bullish signs
4013: Sulaiman Al-Habib (Rising Wedge Breakout and Retest)Continuously in Uptrend within Ascending Wedge
Completing several triangle targets
Recently, Breakout of Rising Wedge Top (Trendline) and Retest observed
Hidden Bullish Divergences are observed on Daily and Hourly TF
Entry at CMP with specified SL (aggressive entry)
Wait for another green candle for entry (conservative entry)
Targets are specified, ride the trend with trailing SL.
2010: SABIC (Golden Pocket Retracement, HL Formation)Watch for 2010, Formation of HH (HL formation in progress)
Support from trendline (Falling Wedge Top)
Support from Golden Pocket
First Green candle on Heikin Ashi (HL formation in progress)
Expected rebounce from fib retracements (91.3, 90.1)
AB=CD Target
TASI how to trade the downtrend in TadawulSaudi stock market, also known as Tadawul, is the largest in the Middle East, and it has been in spotlight due to various economic reforms aimed at diversifying the country's economy and reducing its reliance on oil exports. The government's Vision 2030 plan includes initiatives to attract foreign investment, develop non-oil sectors, and privatize state-owned companies, which could contribute to the growth of the stock market.
Technical analysis:
- TASI has enjoyed a bull run to reach highs of 14,000 in May-22 from the Covid lows of 5,600 in Mar-20
- It is in downtrend since last 10 months and next support level is pre-Covid peak of May-19 at 9,386
- On daily timeframe, 200 DMA support is broken and price is headed downwards
- Volume is below average
- Negative directional movement
Strategy:
Price is trading in descending channel. Below strategies can be useful:
- Sell the top of channel
- Buy at the bottom of channel
- Buy if the price breakouts above the channel
Recommendation: SELL
TASI index very close to 200 DMASaudi Tadawul All Shares Index is in a downtrend about to touch 200 DMA
We will watch for a bounce at weekly 200 DMA
4140 Saudi Industrial Export CoHey traders, here is the analysi. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER- This is not financial advice. SMART MONEY CONCEPT
4300 DAR ALARKAN REAL ESTATE DEVELOPMENT CO - Corrective WaveStrong selling pressure with big red candle nearest support at 12.82 area or continue to trend line.
Target:
TP1: white area at 12.82
TP2: trend line 12 - 11.5
SAUDI ARABIAN OIL CO !!!I think the perfect time has come to buy SAUDI ARABIAN OIL CO.
if you have any questions do not hesitate to contact me.
SABICHey traders, here is the analysi.
If you guys like my analysis please hit like👍 and follow.
Thanks.
DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT
SAUDI DAIRY TASIHey traders, here is the analysi.
If you guys like my analysis please hit like👍 and follow.
Thanks.
DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT
Long Term TASI OverviewTasi is currently retracting to the flip zone that it broke through during the COVID phase. With the bullish hidden divergence between A and C lows, the Saudi market is getting ready for a huge run towards the 30k levels to complete this Crab Harmonic pattern.
STC create Wolfe Wave Stop loss and targets are in the chart,
DYOR, this is not a financial advice,
Good luck..
TADAWUL ALL SHARES INDEXHello ladies and gentlemen, I think the time has come to buy.
TASI to 13800 SAR.
if you have any questions do not hesitate to contact me.
Long Idea 19022023 4300 Dar Al ArkanLong Call for Dar AlArkan, considering the upcoming results can pump apart from some good fundamental news, chart is looking pretty good and following and respecting critical levels. Making HL and HH after bouncing from bottom and consolidation phase.
EP: on breaking 13.94
SL: 12.25
TP1: 17.47
RRR: 1.78
TP2: 21.45
4013: Sulaiman Al-Habib (Triangle Breakout)Triangle Pattern Breakout
All Time High
Historically completing Triangle Pattern Targets
Levels are mentioned with tight SL
7202: SOLUTIONS (Triangle Breakout and Retest)A beautiful Formation of Triangle
Breakout and Retest is observed
Entry levels are defind
50% buying current price
264.20,
SL 260.8
50% buying on horizontal support
260.24,
SL 258.4
2223 (Breakout Observed, Wait for Retest)Continuosly in Uptrend
Broken Parallel Channel
Broken All Time High with good volumes
Expected move, small red candle Thursday and Sunday (Retest of Breakout)
Take entry on Sunday after accumuation for uptrend
(Another Expected move, gap up opening, test at 101.8 and move up)
trade with SL
2010: SABIC (Dow Theory)Classical Dow theory in picture
AB=CD pattern in formation
Wait for breakout of B which will be new HH
Short Trade Setup
1- Entry at Current Price 94.6 or 94.2
tight SL 93.4
TP 96.8
Long Trade Setup
2- New Entry 98.2 (on green candle closing)
TP 101.2
SL 97.2 (or previous candle bottom)
