Tasisignals
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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SAUDI ARABIA WEATHER = LARGE & NARROW RANGE -$TASI- 3OMN - IDEAThanks for your like! Please also share to benefit the most! Much appreciated!
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The all Saudi Arabian shares index TADAWUL have seen first an acceleration of the fall to finally recover a little bit lately.
Now in a narrow range, we can see that it is framed by a wider range still legit.
Zone 1 and zone 3 are the next possible moves . Lines will be broken probably by a large candlestick or a large gape.
In fact, we have seen the market jumping from one range to another just by using "impulsive gapes".
This market doesn't offer much data , the study of the candlesticks reveals that actual support has been tested several times but not been broken.
If the market goes beyond, this will possibly be a smart entry point for long fall.
In the other side , the actual resistance (narrow range) seems to be less strong and possibility of seeing it broken are also likely as it is a very weak point. This will go in the sense of a consolidation of the price.
Where to look for Mobile KSA in the coming weeks?If the prices break the 11.76 resistance, we look at TP at 12.3
is TASI in bullish trend?The TASI index is giving signal for a bullish market ahead of the coming week. This following the consolidation at 50% retracement as well as the latest info of open line of credit for KSA .
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...
