NADEC has shown weakness and formed a top H&Ss NADEC has just formed a top H&Ss though its neckline is slightly up-slanted which some chartists don't take for consideration. It still follows most of the formation principles such as the spike in volume corresponding head and the shoulders. To sum up my readings which could be wrong sometimes.
weaknesses:
1- parabolic move is broken down! see the arrow in chart
2- Within the major H&Ss formation, a minor "right angle triangle" is formed which in many cases is bearish considering the decreasing heights.
3- Corrective Wave III is on the run and it is usually very very aggressive.
strength:
1. Fundamentally, the company has improved its net-profit.
2. Corrective wave C is formed and either it goes on or revers but usually the latter.
I don't mean to bore you with my analysis, but if you want to short it, wait till the yellow-highlighted support as seen in chart is broken down with some volume then you get the confirmation.
2080| NATIONAL GAS AND INDUSTRIALIZATION CO.NATIONAL GAS AND INDUSTRIALIZATION CO.
New ATH at 88
Bluish trend, now trading at 82
Next targets 88.5 >> 95 >>100
Support and resistance as in chart
Good luck!
2040| SAUDI CERAMIC CO.SAUDI CERAMIC CO
Trend reversal broke through descending triangle
Target (White), support (Red) and resistance (Green) as in charts
Next targets: 29.65 > 32.25> 35.55
Good luck!
GULF INSURANCE GROUP IN DAILY CHARTHello to all tradingview investors, according to my previous analysis I see a great opportunity with good probability, the details are reflected in the chart, greetings and good luck to al
1201| Takween Advanced IndustriesTakween Advanced Industries Co
Target reahced!
Broke its toughest resistance at 20 and flipped as supports
Next targets 23, 25 and 28 SR
See chart for next target and supports as colored
Good luck!
1201| Takween Advanced IndustriesTakween Advanced Industries Co
Continues with great momentum
First target reached
See chart for next target and supports as colored
Good luck!
2230| Saudi Chemical Holding CompanySaudi Chemical Holding Company
Bullish broke ascending triangle as predicted now trading in ascending parallels channels
All targets so far achieved 4.76, 5.05, and 5.20
Targets/resistance (Green) and support (Red) as in the chart
Good luck!
2230| Saudi Chemical Holding CompanySaudi Chemical Holding Company
Bullish
Targets/resistance and support as in the chart
Good luck!
4263| SAL Saudi Logistics Services ComAs predicted flipped 225 to support
Broke 225 (ATH) to a new ATH
236 target from last analysis achieved
Now trading in ascending parallel channel
Next targets: 243 and 252
Good luck!
1212| ASTRAASTRA INDUSTRIAL GROUP
ALL previous targets achieved from previous analysis
Trading in an ascending parallel channels currently at the bottom of it
139 support needs to hold to keep going
Next target mid of the channel at 142 then the top of the channel at 146
Current price (white), goals and resistance (green), and support as in chart (red)
Good luck
1212| ASTRAContinue Bluish
First goal at 129 reached!
Current price (white), goals and resistance (green), and support as in chart (red)
Good luck
4004| Dallah Healthcare CompanyDallah Healthcare Company
Forming cup and handle
Once break 72.5 next target 180 followed by 190.
Good luck!
NATIONAL SHIPPING OF COMPANY OF SAUDI ARABIA IN DALY CHARTHello to all tradingview investors, according to my previous analysis I see a great opportunity with good probability, the details are reflected in the chart, greetings and good luck to al
TANMIYAH Expected to continue uptrend by breaking the first supply zone then to the weekly supply zone above.
ALNAHDI STILL UPThere is a potential to move up to complete the harmonic pattern. The stop loss is penetrating the red line down. So risk to profit ratio is very low.
BATIC INVESTMENTS AND LOGISTMENTS IN DAYLI CHART Hello to all tradingview investors, according to my previous analysis I see a great opportunity with good probability, the details are reflected in the chart, greetings and good luck to al
The potential price action for Al Nahdi 4164 61This could be the potential price movement for AL Nahdi.
We still stage 4 as the way is paved towards high levels
in This stage (4) we have two scenarios
1- To reach 161.6 levels and retreat to lower lows 119
2- to reach 191.4 — motivated by the good news of the Q4 2023 — and start the natural correction to 161 levels for more rises.
All you need is to wait and divide your capital for all scenarios
GULF UNION ALHALIA COPERATIVE INSURANCE IN DAILY CHART Hello to all tradingview investors, according to my previous analysis I see a great opportunity with good probability, the details are reflected in the chart, greetings and good luck to al
4263| SALSAL Saudi Logistics Services
As predicted nicely broke out it's Bullish Pennant!
Now trading between R2 (215) and R3 (225)
It's testing 225 (ATH) if break through next target is 236 SR
Good luck!
1212| Astra Industrial GroupAstra Industrial Group
Bullish
Support at 126
Targets: 129 and 135
Good luck!
1201| Takween Advanced Industries CoTakween Advanced Industries Co
Bullish reversal broke out its Broadening Wedge descending!
Excellent entry!
Levels to watch for:
S1: 17.30, S2: 13.04
R1:20.90, R2: 23.18
Next target 20.90 SR
Good luck!
