Jabal Omar Jabal Omar is currently exhibiting a bullish trend in both daily and weekly charts, signaling a promising investment opportunity.
The company's strategic plans for expansion, coupled with the ongoing developments in Hajj and Umrah services, bolster the likelihood of robust growth.
Our target for Jabal Omar is an ambitious yet attainable 28, reflecting confidence in its future potential.
Dr saud
TASI: 4040 SABTCO Sometimes you have to see the big picture, the macro trend, to understand the stock movement. #TASI4040 as an example:
- Higher lows and lower highs since 2007
- accelerating time in the low phases
- buying with volume + improved profits
- public transportation sector is growing with government and private incentives.
The stock only require patience. Analysis hint to a highly likely scenario of +30% within 12 months. and even more after that. All contingent on momentum and market trend.
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Disclosure: this is not a recommendation for investment. This is purely a journal for me and my own learning.
TASI: 4010 Dur HospitalityShown in the analysis is upward trend movement on Dur Hospitality. The company is currently going through acquisition by a major real-estate investment & development company, Taybah Investment.
We bought into the stock way before the acquisition news and based purely on technical analysis. we still believe the stock has momentum for at least 10% upward move.
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Disclosure: this is not a recommendation for investment. This is purely a journal for me and my own learning.
40% upside potential in The Saudi National BnakThe Saudi National Bank is the largest commercial bank in Saudi Arabia.
The share of the bank saw a rise in the form of a wave 1 in march of 2023 from the bottom and then a subsequent 80% retracement of the same from July till oct 2023.
The share has now kicked off in the new wave 3 structure. Since the wave 2 retracement was very deep, it opens up the probability of wave three getting extended and move all the way up till the 50 SAR mark.(44% from CMP)
One could look for some retracement of the past 4days move to make an entry and then ride the strong bullish wave 3 all the way it it lasts.
Note*- This post of is for educational purpose only.
1321 - 6 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
Saudi Kayan, to target 14 and 16Saudi Kayan (2350), on the daily chart, I see a forming pattern, going up on a zigzag until 14, then some correction and next target is 16
Quick tradings can be done buy at support / sell at resistance, and so on until reaching the target.
The technical indicators RSI and MACD are supporting this view.
Stop loss at 10.7 should be considered.
Inverse head & shoulder patternThe price recently triggered an Inverse Head and Shoulder chart pattern after breaking through the SAR 135 area, the neckline of this pattern, which is another bullish reversal chart structure. First and second targets are 140 and 144 respectively. Risk is defined below the break of neckline around 133.