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SAUDIA DAIRY AND FOODSTUFF COA "bullish Gartley" refers to a specific pattern that traders look for in financial markets, particularly in technical analysis, to potentially predict future price movements. It's named after its creator, H.M. Gartley, who introduced it in his book "Profits in the Stock Market" in 1935. The bullish Gartley pattern is a harmonic pattern that consists of four distinct price swings or legs. These legs are labeled XA, AB, BC, and CD. The pattern typically forms after a significant downtrend and indicates a potential reversal to the upside. Here's a breakdown of the legs of a bullish Gartley pattern: 1. XA: This is the initial leg of the pattern and represents the initial impulse move downward. 2. AB: After the XA leg, there is a retracement upward, forming the AB leg. This retracement should ideally reach a Fibonacci level of either 0.618 or 0.786 of the XA leg. 3. BC: Following the AB leg, there is another downward move forming the BC leg. This leg typically retraces 0.382 or 0.886 of the AB leg. 4. CD: Finally, the pattern completes with the CD leg, which is an extension of the BC leg. The CD leg should ideally reach the 1.272 or 1.618 Fibonacci extension of the BC leg. When the CD leg completes near the Fibonacci extension levels, it suggests that the pattern is complete and a bullish reversal may occur. Traders often look for additional confirmation signals such as candlestick patterns, volume analysis, or other technical indicators before entering a trade based on the bullish Gartley pattern. As with any technical analysis tool, it's important to remember that the bullish Gartley pattern is not foolproof and should be used in conjunction with other analysis methods and risk management strategies.
TADAWUL:2270Short
by B9A-88652-NisarAhmad
NAMA CHEMICALS CO.A "bullish butterfly" is a trading strategy used in the financial markets, particularly in options trading. It's a complex strategy that involves buying and selling multiple options contracts with the aim of profiting from a specific market outlook. In a bullish butterfly, the trader expects the price of the underlying asset to increase moderately. The strategy typically involves buying one call option with a lower strike price, selling two call options with a higher strike price, and buying another call option with an even higher strike price. The options all have the same expiration date. The payoff diagram of a bullish butterfly resembles the shape of a butterfly, with potential profit if the price of the underlying asset remains within a certain range upon expiration. The maximum profit is achieved if the price of the underlying asset is equal to the middle strike price at expiration, while the maximum loss is limited to the initial cost of setting up the strategy. Traders may use a bullish butterfly when they anticipate a moderate increase in the price of the underlying asset, but with limited risk exposure. However, it's important to note that options trading can be complex and involves significant risks, so traders should thoroughly understand the strategy before implementing it.
TADAWUL:2210Long
by B9A-88652-NisarAhmad
AYYAN INVESTMENT COThe term "bullish crab" typically refers to a specific pattern in financial trading, specifically in technical analysis. It's a harmonic pattern that traders use to predict potential reversals in the price of an asset. The bullish crab pattern is characterized by specific Fibonacci ratios between price swings. It consists of four price swings, with the second and third swings being retracements of the initial move. The key Fibonacci ratios involved are typically 38.2% and 88.6%. Traders look for this pattern because, if it forms after a downtrend, it suggests that the asset's price might be poised for a bullish reversal. However, like all technical analysis tools, it's not foolproof and should be used in conjunction with other indicators and risk management strategies.
TADAWUL:2140Long
by B9A-88652-NisarAhmad
1180 | Flag Pattern & Bullish DivergenceSaudi National Bank displays a promising bullish reversal pattern characterized by the formation of bullish flag pattern and divergence with RSI. Our plan entails accumulating the stock within the designated buy zone (37.50-37.70 range), while setting stop loss orders below the bottom of support around 36. Anticipation builds for a substantial surge in momentum upon the test of the trend line, anticipated around the 40.90 area. To guide our trading decisions, we've delineated two distinct targets: an immediate target around 40.90 and a final target for exiting the trade will be around 45.50 depending upon break out.
TADAWUL:1180Long
by mbaberhanif
2281: TanmiahThe Bullish Butterfly is a complex options trading strategy that aims to profit from a moderate rise in the price of the underlying asset. It's constructed using four options contracts with the same expiration date but different strike prices. Here's how it typically works: 1. **Buying**: - Buy one call option with a lower strike price (closest to the current market price). - Buy one call option with a higher strike price. 2. **Selling**: - Sell two call options with a strike price between the two bought options. The key is that the sold options finance the purchase of the two options. This strategy is called a "butterfly" because if you graph the strike prices and profit/loss, it resembles a butterfly with wings. The maximum profit is achieved if the underlying asset closes at the middle strike price at expiration. Maximum loss occurs if the price moves significantly beyond the higher or lower strike prices. This strategy is for traders who anticipate a moderate increase in the underlying asset's price with limited risk.
TADAWUL:2281Short
by B9A-88652-NisarAhmad
Bullish Divergence in JARIR after Bearish Butterfly patternBullish Divergence observed in JARIR after Bearish Butterfly (bearish harmonic reversal) pattern completion. As expected the Bearish Butterfly pattern reversed from point D (potential reversal zone) and created a bearish trend on a daily time frame. A bullish divergence is now observed and the trend will likely reverse and a bullish trend will likely start. If the bullish trend is confirmed, this can be a good point to take long positions.
TADAWUL:4190Long
by wakqas12
8030THE MEDITERRANEAN AND GULF INSURANCE AND REINSURANCE CO.The bullish butterfly is another harmonic pattern in technical analysis, similar to the bearish bat pattern but indicating a potential bullish reversal instead. Like other harmonic patterns, it relies on Fibonacci ratios to identify potential entry and exit points in the market. Here are the key features of a bullish butterfly pattern: 1. **Initial Move (XA)**: This is the first leg of the pattern, representing the initial impulse in price. 2. **Retracement (AB)**: Following the XA move, there is a retracement in price, typically falling within the range of 0.382 to 0.786 Fibonacci retracement of XA. 3. **Extension (BC)**: After the AB retracement, the price extends in the opposite direction, forming the BC leg. This move usually extends beyond the XA move, ranging from 1.618 to 2.618 Fibonacci extension of AB. 4. **Final Move (CD)**: Finally, the price retraces a significant portion of the BC move, forming the CD leg. This retracement typically ranges from 0.382 to 0.886 Fibonacci retracement of BC. The bullish butterfly pattern suggests a potential reversal to the upside. Traders may look for buying opportunities when they identify this pattern, anticipating that the price will reverse its previous downtrend and start moving upwards. As with any trading pattern, it's crucial to combine the bullish butterfly pattern with other technical analysis tools and risk management techniques to improve the probability of success in trading decisions.
TADAWUL:8030Short
by B9A-88652-NisarAhmad
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8020MALATH COOPERATIVE INSURANCE CO.In financial trading, a "bearish bat" is a specific pattern identified within the field of technical analysis. It's considered a harmonic pattern, which means it's based on geometric price patterns found in the market. The bearish bat pattern consists of four price moves, which form specific Fibonacci ratios. These moves are labeled XA, AB, BC, and CD. The pattern suggests potential bearish reversal opportunities. The main characteristics of a bearish bat pattern include: 1. **Initial Move (XA)**: This is the first move in the pattern, usually representing the initial impulse in price. 2. **Retracement (AB)**: After the initial move, the price retraces a certain percentage of the XA move. This retracement typically falls within the range of 0.382 to 0.50 Fibonacci retracement of XA. 3. **Extension (BC)**: Following the AB retracement, the price makes a move in the opposite direction, known as BC. This move typically extends beyond the XA move, usually by a ratio of 0.382 to 0.886 Fibonacci extension of AB. 4. **Final Move (CD)**: Finally, the price makes another move against the BC move, forming the CD leg. This move usually retraces a significant portion of the BC move, often ranging from 0.382 to 0.886 Fibonacci retracement of BC. When all these moves align according to specific Fibonacci ratios, traders may identify a potential bearish reversal opportunity. However, as with any technical analysis pattern, it's essential to combine it with other forms of analysis and risk management techniques before making trading decisions.
TADAWUL:8020Short
by B9A-88652-NisarAhmad