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Elm (TADAWUL: 7203) – Key Gann Levels in Play!Elm has been on a rollercoaster ride, experiencing a strong uptrend before hitting resistance and pulling back. The stock is now trading around 1,059 SAR, testing a key 360° Gann level at 1,015 SAR. So, what’s next? Let’s dive in! Could be the scenario ;) 🔍 Technical Breakdown: 🔹 Resistance Levels: 1,181 SAR (405° Gann level) – A key zone that previously acted as resistance. 1,359 SAR (450° Gann level) – Breaking above this could restart the bullish trend. 🔹 Support Zones: 1,015 SAR (360° Gann level) – Crucial support currently being tested. A hold here could trigger a bounce. 862 SAR (315° Gann level) – Next potential support if selling pressure continues. 🔹 Trend Analysis: The stock had a massive bull run before topping out and now seems to be in a correction phase. If bulls defend 1,015 SAR, we might see another upside attempt. 🎯 Potential Scenarios: 🟢 Bullish Case: Holding 1,015 SAR could lead to a retest of 1,181 SAR and, if momentum continues, a push towards 1,359 SAR. 🔴 Bearish Case: A break below 1,015 SAR could signal further downside towards 862 SAR and possibly lower. ⚠️ Key Takeaway: Elm is at a make-or-break level! Will bulls step in at 1,015 SAR, or is more downside ahead? 💬 What’s your outlook? Share your thoughts in the comments! 🔽🔥 #Elm #TADAWUL #StockMarket #GannAnalysis #TechnicalAnalysis
TADAWUL:7203
by Magic_xD
Saudi Arabian Amiantit Co (2160) - Trade Idea📌 Saudi Arabian Amiantit Co (2160) - Trade Idea 📊 Market Behavior: Price always follows one of two paths: 1️⃣ Offering Fair Value – Where price stabilizes and attracts buyers/sellers at a justified level. 2️⃣ Seeking Liquidity – Where price hunts stop losses, liquidates positions, and manipulates emotions. 🔥 Current Phase: Right now, the market is in a liquidity-seeking phase 🏃‍♂️💨, where it is: ✅ Shaking out weak hands (retail traders getting stopped out). ✅ Creating a manipulation leg (to trap traders before a reversal). ✅ Grabbing liquidity from key levels (before moving towards fair value). 🎯 Main Target: 🚀 The Yearly Fair Value Gap (FVG) is the ultimate target, where price is likely to rebalance and provide high-probability trading opportunities. ⚠️ Key Takeaways: 🔹 Expect volatility – market makers are engineering liquidity. 🔹 Stay patient, avoid emotional reactions. 🔹 Smart money moves in phases – follow the narrative. 💡 Execution Plan: Wait for confirmation before entry, align with smart money, and target high-probability zones! 🎯🔥 📈 Trade Smart, Stay Ahead! 💎🚀
TADAWUL:2160Long
by Asif_Brain_Waves
Gann Analysis for NATIONAL AGRICULTURAL DEVELOPMENT Co. (TADAWUL1️⃣ Key Gann Levels Identified The Gann levels shown in the chart act as support and resistance zones, where price movement often reacts. Below are the key levels: Degree Price Level (SAR) Significance 720° 41.654 Major Resistance 630° 35.45 Strong Resistance 540° 29.746 Medium Resistance 450° 24.542 Current Level - Pivot Point 360° 19.838 Key Support 270° 15.634 Medium Support 180° 11.93 Strong Support 90° 8.726 Major Support 0° 6.022 Long-Term Base 2️⃣ Market Structure Analysis ✅ Recent Price Action: The stock previously rallied strongly to 630° (35.45 SAR) but failed to sustain above it. It has now retraced to 450° (24.542 SAR), which is a critical pivot level. Price is trading near a support zone, making this an important level to watch. 3️⃣ Possible Future Scenarios 📈 Bullish Scenario (Price Moves Up) 🔹 If price holds above 450° (24.542 SAR) and forms a bullish structure: ✅ First target = 540° (29.746 SAR) ✅ Next target = 630° (35.45 SAR) ✅ Final bullish target = 720° (41.654 SAR) 🎯 Confirmation for bullish move: Price closing above 540° (29.746 SAR) with strong volume. RSI/MACD showing bullish divergence. 📉 Bearish Scenario (Price Drops) 🔻 If price breaks below 450° (24.542 SAR): ❌ Next support = 360° (19.838 SAR) ❌ Deeper support = 270° (15.634 SAR) ❌ Final major support = 180° (11.93 SAR) ⚠️ Warning Signs for a Bearish Move: Weekly candle closes below 450° (24.542 SAR) with high volume. Momentum indicators (RSI/MACD) turn negative. 4️⃣ Recommended Trading Strategy ✅ Long (Buy) Setup: Buy near 450° (24.542 SAR) with stop-loss at 23.50 SAR. Target = 540° (29.746 SAR) → 630° (35.45 SAR) ❌ Short (Sell) Setup: If price breaks below 450°, short with target at 360° (19.838 SAR). Stop-loss = 26 SAR (above recent highs). Final Notes ⭐ 450° (24.542 SAR) is a key decision point. ⭐ Holding above it = bullish; breaking below it = bearish continuation. ⭐ Monitor price action & volume for confirmation. you can request analysis for any stock just write in comments, wish you best of luck!
TADAWUL:6010
by Magic_xD
Al Hammadi_4007_Tadawul: Bullish Momentum Al Hammadi_4007_Tadawul: Price has rebounded near the 200 SMA <~43 SAR> and is hovering around the 100 SMA, sustained closes above these long-term averages typically indicate bullish strength. Support & Resistance: Primary Support ~37–38 SAR, which held during the recent pullback. Momentum: Signaling a potential shift in bullish momentum, safest entry can be taken later at a breakout of B-Point to have 25~26% potential profits Fundamental Highlights Earnings Growth: Net income has shown consistent year-over-year increases, indicating improving profitability. Cash Flow Trend: Positive and rising cash flow strengthens the company’s financial position, providing flexibility for future investments or debt reduction. TTM Growth: Trailing twelve-month figures reflect ongoing momentum, suggesting recent quarters have trended positively. Forward Outlook: With Q4 earnings expected soon and an overall 2024 forecast above 2023 levels, fundamentals appear aligned for continued growth.
TADAWUL:4007Long
by m_ranwar