8010 sell limit till the target area shown8010 is saudia market is going toward the target area around the support and the 61 Fibonacci.
So entering buy position isn't good idea.
2360 retesting 200MAPrice is retesting a demand area
and retested 200MA
candle formed (Morning Star) pattern
Share your thoughts
Trade wisely
SAUDI FISHERIES CO: Bearish ReversalSaudi Fisheries Co (SAFCO) is in a bearish reversal pattern on the 4-hour chart. The stock has been declining since the beginning of the month and is currently trading below the 200-day moving average.
The MACD indicator is also bearish, with the MACD line crossing below the signal line. This suggests that the momentum is in the bears' favor.
The next support level to watch is 25.00. If SAFCO can break below this level, it could open the door to a move towards 24.00 and beyond.
However, it is important to note that the market is still volatile, so traders should be prepared for pullbacks.
Overall, the technical indicators are bearish for SAFCO. The recent decline below the 200-day moving average is a negative sign, and traders should look for opportunities to sell the rallies.
I am bearish on SAFCO in the short-term. I believe that the bears will continue to push the price lower, and I am targeting 25.00 and 24.00 in the near future. However, it is important to remember that the market is still volatile, so traders should be prepared for pullbacks.
Here are some other things to consider when trading SAFCO:
The stock is still above the 23.00 support level, which could act as a floor.
The Relative Strength Index (RSI) is in oversold territory, which could lead to a bounce.
The market is still volatile, so traders should be prepared for sharp movements in either direction.
SABIC TO A NEW HIGH HERE is the new target for SABIC also for the market and the other companies
my wishes only to rise slowly not sharply, coz sharp rise means sharp fall.
1150 (Alinma Bank)Important cross-roads, 200ems on daily + close to retesting the top of the channel if this area holds i might add to my position.
9544: Buy ideaWe will have a big probability to have an uptrend on 9544 after the breakout of the vwap indicator and the resistance line.Thanks.
"weekly_monthly_peaks_and_troughs.js"// Weekly peak and trough indicator
function weekly_monthly_peaks_and_troughs(close, volume) {
// Calculate the weekly and monthly close prices
var weekly_close = close.resample("W").last();
var monthly_close = close.resample("M").last();
// Initialize the peak and trough arrays
var weekly_peaks = ;
var weekly_troughs = ;
var monthly_peaks = ;
var monthly_troughs = ;
// Loop through the data and find the weekly and monthly peaks and troughs
for (var i = 0; i < weekly_close.length; i++) {
// Find the weekly peak
if (i == 0 || weekly_close > weekly_close ) {
weekly_peaks.push(weekly_close );
}
// Find the weekly trough
if (i == 0 || weekly_close < weekly_close ) {
weekly_troughs.push(weekly_close );
}
// Find the monthly peak
if (i == 0 || monthly_close > monthly_close ) {
monthly_peaks.push(monthly_close );
}
// Find the monthly trough
if (i == 0 || monthly_close < monthly_close ) {
monthly_troughs.push(monthly_close );
}
}
// Return the peak and trough arrays
return {
weekly_peaks: weekly_peaks,
weekly_troughs: weekly_troughs,
monthly_peaks: monthly_peaks,
monthly_troughs: monthly_troughs,
};
}
STC Solution | 7202 #TASIEntry 333 as my opinion
stop loss 320
it shows as in the chart of ABC correction is correct which indicate that coming wave is beginning
STC My fav Saudi stock...
missed the wedge breakout
i'll wait for the restest of that weekly demand zone (green box) for long entry
2030In this there is trendline and trendline also respected twice there is third time its retest its trend line so we will enter in trendline restest. Bullish trendline
STC 7010 (Buy-Order)My concept revolves around the potential movement of STC in both upward and downward directions. I have also incorporated visual elements into the chart to illustrate how this concept is intended to unfold. Furthermore, I have outlined strategies for determining when to increase take-profit levels or cut losses. Of course, if you wish to explore smaller time frames, you will find plenty of other trading opportunities; however, I won't delve into them. Additionally, there's a possibility that I might add an update regarding STC between November and December this year in case STC has a change of heart.
🚀 Arabian Centers Company (4312) 🚀"🚀 Arabian Centers Company (4312): Bull Run Initiated on Smart Money Liquidity Breakout! 🌟💰"
Description:
In this TradingView idea, we spotlight Arabian Centers Company (4312), with a primary focus on the initiation of a bull run following a strategic liquidity breakout, all driven by the Smart Money concept. 📈🐂
Key Points:
1. **Smart Money Insight:** Dive into the world of smart money as we unveil the strategic maneuvers of institutional players in Arabian Centers Company (4312). Their actions reveal a potential bullish surge. 💡🏦
2. **Bullish Momentum:** Witness the market's transformation as Smart Money makes its move. The chart signals a promising bull run that traders and investors should closely monitor. 🚀📊
3. **Liquidity Breakout:** Without relying on traditional indicators, we analyze the importance of a liquidity breakout and how it's reshaping the landscape of Arabian Centers Company (4312). 💧💥
4. **Stay Tuned:** Keep an eye on key price levels and Smart Money's activity, which may provide valuable insights for your trading decisions. 🎯📊
5. **Risk Management:** Emphasize prudent risk management practices to navigate the market's inherent uncertainties during this exciting phase. ⚖️💼
6. **Trade Potential:** While we don't provide specific trade recommendations, we discuss potential trade scenarios based on Smart Money actions, inspiring traders to develop their unique strategies. 🤝💡
7. **Disclaimer:** Trading involves risks. It's essential to conduct thorough research and, if necessary, consult with a financial advisor before making any trading decisions. 🚫💼🔍
Stay tuned to this TradingView idea for insights into Arabian Centers Company (4312) and its evolving journey, guided by the Smart Money concept. 🌟💰📊
1180 buy the saudia national bank 1180Buy the stock is a good idea around this area with a target around the resistance shown in the graph
Saudi Automotive Services. Tadawul Index.This chart is showing extreme strength and finally it has given an up flag breakout after couple of weeks consolidation. Auto industry world wide has showing a great buying and this stock is non different. Immediate resistance is around 73. However, after seeing the chart structure, it will be taken out soon . The Risk Reward ratio (RR) is extremally favorable and hence one can take this positional trade.
CMP - 67 (1/9/23)
T - 88 W
SL - 57 W
4150 ARRIYADH DEVELOPMENT CONO LIQUDITY SWEAP NO ENTRY.
STRUCTURE IS CHANGING ANYTIME.
EVERY CANDLE HAS LIQUIDITY.
PRICE ALWAYS NEED LIQUIDITY.
Nobody Knows Where is Price Going.
Hey traders, here is the analysi.
If you guys like my analysis please hit like?? and follow.
Thanks.
SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
DISCLAIMER- This is not financial advice.
4050ALsalam 3alikom, I hope you are fine!
Study the 4050 graph, which depicts daily for an Electronic . When initially looking at the chart, you should be able to immediately identify broad details, minor details and minute details.
The minor details in this chart are also quite easy to identify, which is lines respect 0.5 OTE Fibonacci. The minute details are those points in the graph where change occurs, which back and respect the order block and 0.5 OTE Fibonacci, which describe the head and two shoulders pattern.
On overall I would waiting the line to the 0.62 and respect the daily - Fair Value Gap (FVG) to Entry and my profit which the old order block on 0.62 Fibo
33% upside opportunity for Retal33% upside + 2.23% dividends. Since Retal has already declared 0.16 for the first half and it is company policy to issue a dividend on a half-yearly basis
Chart of the week Acwa Power. Tadawul IndexThis stock came to my attention somewhere in April 22. Since then I was waiting for this stock to break high made on 3 April 22. 2 weeks before the stock gave closing above 189 then came down to test the support and last week again gave breakout. Now the stock looks like to give up move once again. The targets as per Fibonacci are as follows
CMP - 193 (26/8/23)
T - 226, 287 W
SL - 175 W
Saudi stock market 4170 if the stock success to close 2 4h candles above 15.66 i think we will see good rally to the target above
how to deal with the target
every target or area u must see the price action there if u see any negative sign get out
1833-Al Mawarid Manpower Co. ALMAWARID Trand is still bearish, market sweep the Liquidity then tap on the extreme (order block).
I took this trade on 22 Aug.
Sell price on : 133.4
SL : 135.2
Target : 124.6
inshallah, we will hit the target.
ARABIAN CENTRES CO. - Weak signs "Bearish"Show some weak signs:
1- Break Monthly VWAP
2- Can't Break Weekly 200MA Sevral times
3- Bearish Divergence
target will be:
TP1: Daily 200MA
TP2: 21 Support level
DON'T BUY 6050Dear Saudi Traders and Investors, I'm sharing with you this analysis on 6050 to tell you NOT TO BUY it since the price broke through all the support levels with no indication that it will go up for a correction. For now just keep waiting and buy on the other stocks on which you have an opportunity to buy.
Let me know if you got any question!
