Saudi Steel Pipes - 1320The stock is in an accumulation phase. Upon breaking through the 70 level, the stock is expected to target the 75 area, followed by 86.
2281: Watchout for SupportPrice is moving within Ascending Parallel Channel after breakout
Last corrective movement is after double top formation
Price is at POC (Volume Profile) which is another support level
if it breaks, price may fall to channel bottom
Watchout for entry after confirmation
1322 TASIBullish on weekly TF
Moving in a bullish channel and taking the support of channel
Trading above the moving averages
Volumes are also pertty goods support the price
Bullish on Daily as well as Weekly TF
65.60 - 66 is an Important Resistance Level.
If this level is Crossed & sustained, we may
witness 68.
On the flip side, 63.50 is an Important Support
level that should be sustained on Monthly Basis.
LongSustaining 60.70 will lead it
towards 64 & then 66 initially.
Positive momentum is about to build.
3004an upward trend in the prices of an industry's stocks or the overall rise in broad market indices, characterized by high investor confidence
4015: Breakout and Retest Parallel ChannelPrice moving in uptrend; HH, HL formation
Parallel Channel breakout and retest is observed
Watchout for double top formation
beating ATH will take the price to Bullish Flag Target.
1303: Dow Theory HH, HLClassical Dow Theory; Formation of HH, HL
Taking rest for a while
Entry now or after support
Enjoy the trend
4002: Support from Channel BottomPrice is moving within an ascending parallel channel on weekly TF.
Bottom Support line was retested recently.
Formation of HL is in progress.
(Aggressive) entry can be taken now or
(conservative) entry can be taken after formation of green candle
Ride the trend until channel top.
Manage your risk accordingly.
Bullish Divergence on Daily TF.Bullish Divergence on Daily TF.
Though the Trend is Bearish but
it should once touch 14 - 14.20
once before moving down further.
3091an upward trend in the prices of an industry's stocks or the overall rise in broad market indices, characterized by high investor confidence
5110an upward trend in the prices of an industry's stocks or the overall rise in broad market indices, characterized by high investor confidence
8240an upward trend in the prices of an industry's stocks or the overall rise in broad market indices, characterized by high investor confidence
2300an upward trend in the prices of an industry's stocks or the overall rise in broad market indices, characterized by high investor confidence
Bullish Divergence on Hourly TF.
Cup & Handle Target already touched.
No Bearish Divergence yet.
Now important to Sustain 67.80 on Monthly basis.
4070an upward trend in the prices of an industry's stocks or the overall rise in broad market indices, characterized by high investor confidence
4009an upward trend in the prices of an industry's stocks or the overall rise in broad market indices, characterized by high investor confidence
I hope im wrong.I know this is a good company in sheets. But I don’t know, i hope im wrong.
If the idea works means not just a price going down it’s mean there is something wrong in there sheets. I didn’t go deeply in there sheet but they have good reputation.
+ the chart hv deep targets not only what i put in here, but i will keep them later.
This just a TA not Financial advice.
Hv good day.
Breakout on Daily TF.
Bullish Divergence on Monthly TF.
Immediate Resistance is around 18.70.
However, can wait for Closing above 18.
1111: Great Upside Potential After Correction1111 after correction has reached 61.8% fib level (Golden Pocket)
A horizontal support level is also acting as trend reversal
Formation of HH, HL are observed.
Ride the trend with trailing SL.
Manage your risk accordingly.
2281: Watchout_Double Top Formation2281 is moving nicely in an ascending parallel channel taking support from a long-term trendline support continuously.
Price has shown breakout from parallel channel and has formed double top at a critical resistance of 140.
Bulls need to break the resistance of 140 to continue the bullish trend or wait for correction.
7204: Breakout and Retest7204 was in correction for a while within descending parallel channel.
Breakout followed by retest is observed on parallel channel.
Price has started showing HH, HL formations after
taking support from horizontal line
which is also golden pocket fib level.
A Bullish divergence is also formed.
Take entry now (with aggressive or conservative SL) and ride the trend.
Do proper risk management based on your portfolio and appetite.
DON'T BUY 2222Dear Saudi Traders,
Since Tomorrow is the day most of you are going to analyze their charts and place their ordres, I'm sharing with you the markets you can't buy for this week.
The 2nd one on the list is 2222, you can see on the chart that the market has just pulled back on the strongest candle we have which plays the role of a strong level on the market.
Plus, you pay attention for the volume which is still low to ride a Bullish move on the market.
We'd be expecting the market to come lower to reach the level 26.80 before heading up again.
Follow for more!
