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📈 Technical Analysis of SAUDI AIRLINES (6004) Shares 📊📈 Technical Analysis of SAUDI AIRLINES (6004) Shares 📊 SAUDI AIRLINES (6004) has recently witnessed some interesting developments on the daily timeframe, indicating a potential bull run using the "Smart Money" concept. Let's break it down with some emojis to make it more fun! 🚀💰 1. **Smart Money Concept:** 🧠🤑 The Smart Money concept suggests that institutional investors and experienced traders are making significant moves in the market. These big players often have access to valuable information and can influence stock prices. 2. **Bull Run Indicator:** 🐃📈 Several technical indicators may hint at the start of a bull run: - **Moving Averages:** 📉➡️📈 The stock's moving averages (e.g., 50-day and 200-day) have crossed over or are diverging, which is a bullish signal. This indicates growing upward momentum. - **Volume Increase:** 📊📈 Increased trading volume suggests growing interest and participation in the stock, a classic sign of a potential bull run. - **MACD Indicator:** ⚙️📈 The Moving Average Convergence Divergence (MACD) is showing a bullish crossover, further indicating potential upward movement. - **RSI:** 📊📈 The Relative Strength Index (RSI) is trending upwards and is not yet overbought, implying room for further price appreciation. 3. **Candlestick Patterns:** 🕯️📊 Look for bullish candlestick patterns such as hammer, engulfing, or morning star patterns to confirm the bullish sentiment. 4. **Support and Resistance:** 📈🔒 Identify key support and resistance levels. A successful break of resistance can be a strong signal of a bullish trend. 5. **Fundamental Analysis:** 📰📈 Keep an eye on any fundamental developments or news related to SAUDI AIRLINES. Positive news can further support the bullish case. 6. **Risk Management:** 🛡️💡 It's crucial to manage your risk properly. Use stop-loss orders to protect your investments, and never invest more than you can afford to lose. Remember, while these indicators and concepts can be helpful, no analysis is foolproof. It's essential to do your research, consider the broader market context, and consult with a financial advisor if needed. Happy trading! 📈🤑🚀 #StockAnalysis #BullishTrend
TADAWUL:6004Long
by Asif_Brain_Waves
4013: Watchout for trendline Breakout4013 has been in correction after making ATH. A significant support (Ascending trendline) was broken in recent past for the first time. After completion of Harmonic Pattern, Double Bottom formation, a short upside move is observed (formation of HH, HL). However, ascending trendline will be acting as resistance now. Although, breakout of trendline was observed during the recent bullish trend, but couldn't sustain. Wathout for breakout of ascending trendline resistance for long entry. Trade with SL
TADAWUL:4013Long
by YASIRWA
7203_Breakout (Bullish)7203 has been in bearish trend (correction) for a while after making All Time High. Formation of LL, LH respecting a descending trendline resistance (Triangle Top) Recently has made a double Bottom confluenced with Golden Pocket, Good Support Level. Breakout of Descending Trendline is observed for first time in a while. After retest, trendline is respected (acting as support). Long position above horizontal resistance line can be taken (confirmation after formation of HH) Bullish trend will be confirmed after formation of HL Trade with SL
TADAWUL:7203Long
by YASIRWA
Aramco has a potential to go up more and moreHello dear investor As you see on my chart 2222 will probably raise to reach its 32.75 and 42 levels Keep in mind that 2222 breaths its 50% corridor evolution so when we notice breaks out of these coridors it will reach the next key levels on blue color. Remember dear ionvestors that I am not using cristal ball to predict future markets but I try to be more efficient and more rationnal. Good luck and if you like my posts ecourage me and feel free to ask me analysis for any market you want
TADAWUL:2222
by HASSOUNI-trading
saoudi basic industries holders be awarehello first as you see on my chart resepects its evolution according to the figure so: - if it breaks the suuport line around 65.8 it will reach 59.4 then maye be pulback toward its broken support then continue its free fall until 38.6 or more. - otherwise it will rebond on its support and buyers can hold their stocks wishing higher levels Remember that this support is a critical level so pay attention NB:the horizontal blue line presents a historical level that retraces history of this stock Keep in mind that i am not having a cristal ball predicting future but i try to be more efficient and rationnal
TADAWUL:2010
by HASSOUNI-trading
Saudi Aramco Stock on Tadawul ExchangeSaudi Aramco made more than 94,5 billions in profits this year. This is a good order to win the situation. After last year losses this ship is going to deliver. As you can see on the presented chart, we have prepared more complex strategy for this Asset. Alpha+Beta is when interests of passive and active managers follow the same road. Sigma stayed the same. Theta, also the same. Omega+Kappa is when interests of minority investors are divided by conflict of interests for some reason. Why we think this is truth, and not a hogwash? Well, truth in numbers, try to not associate yourself with this, calculate it yourself. Good luck with Saudi Aramco Stock, investors.
TADAWUL:2223Long
by UnknownUnicorn462803