Tanmiah (2281): Trendline SupportTanmiah is again at the trendline support confluence with horizontal support line.
Entry levels with SL are specified with TPs.
Manage your risk accordingly.
Long open position on Saudi Oil Index 2222Open a long position on stock 2222
Based on wave analysis, the stock is in a good buying zone, and the news is encouraging for the stock to rise.
Confidence with moderate and good risk.
TADAWUL:2222
SAUDI ARAMCO BASE OIL CO. WEEKLY ANALYSIS After taken liquidity sell side and rejection of fvg we will see an expansian to fill gap
8010: TAWUNIYA LONG8010: TAWUNIYA
has formed a cup and handle formation and a successful breakout of the pattern occurred recently. Long position can be taken with still room for 10-12% profit. Set SL below the breakout of handle
Good luck!!
1321EAST PIPES closed at 154, staying above its 100-day SMA despite recent volatility. The RSI is at 39.65, indicating potential for a short-term increase. The stock is hovering above 200-day SMA. In the near term, the stock appears to target 160, with medium-term targets between 167 and 172. It is recommended to consider buying on weakness or as it approaches the support level, with stop losses set at 139 to manage risk effectively. Risk & Reward Ratio is 1:2
Bullish Divergence appearing on Weekly TF.
Important to Sustain 16 on Weekly basis.
Though, inverted Cup & Handle formation is
targeting way below.
But confluence of Trendlines may act as a
Good Support level around 16.30 - 16.60
It may touch 17.50 - 17.80 once atleast.
7204: AB=CD, POC, Golden Pocket7204, is in Bullish trend:
AB=CD, POC, Golden Pocket
Enter trade with specified SL
Manage your Risk
Trail SL
4004: Dallah_Weekly Support (Rising Wedge)4004 is moving within Rising Wedge pattern
Price is touching bottom support (Weekly chart)
Descending Parallel channel breakout is observed
Entry now with SL
Trail SL
Manage your risk
7203: Strong SupportELM has been in correction for a while.
Bullish trend has started in recent past (Parallel Channel breakout).
Price is in consolidation at a strong support level.
Entry can be taken now with
Conservative SL or Aggressive SL
Manage your risk and trail SL
Monthly Closing is above the Support level 28.50
However, Bearish Divergence on Daily TF
is playing well.
Before falling further down, it seems that
it will touch level around 31 once as there is
a Bullish Divergence on Hourly TF also.
On the flip side, 31.20 should be Sustained
to start moving upside.
1302 | Diamond PatternThe technical chart of 1302 Bawan Company reveals a diamond pattern formation, which has recently experienced a breakout. The diamond pattern is characterized by a consolidation phase where prices initially form a narrowing range, followed by a breakout in either direction. In this case, the breakout has occurred, signaling a potential continuation of the previous trend or a reversal depending on the prevailing market conditions.
Currently, the trend is bullish following the breakout from the diamond pattern. Key resistance levels to monitor on the upside include 50.20, 51.80, and 53.50. These levels may act as barriers to further upward movement. For risk management purposes, a prudent approach would be to place a stop loss below 45, aligning with recent price support and the lower boundary of the diamond pattern.
Traders and investors may view the breakout from the diamond pattern as a bullish signal, suggesting potential further gains if the price continues to move above resistance levels. As always, monitoring price action and adjusting strategies in response to market dynamics are advisable.
Near Immediate Resistance?Immediate Resistance lies around 51.90 - 52
However, there is a Bullish Divergence on Hourly TF.
50 - 50.30 may act as a Good Support.
Next Support is around 49
Saudi Manpower BullishGood afternoon, investors! Today, we’re diving into the technical analysis of Saudi manpower , a stock that has shown promising signs of bullish momentum. We have identified key level on the carts with Strick stop loss. based on the key technical indicators and chart patterns that support our positive outlook.
DYOR # Do your own research
4150 | Bullish Dragon PatternArriyadh Development Company (4150) - Technical Analysis
Pattern: Bullish Dragon Pattern
Context:
Previous Trend : The stock price was in a downtrend since reaching a peak of SAR 25.85. During this downtrend, the price made lower lows and lower highs, resting around SAR 21.
Breakout : A breakout was observed from the descending trend line.
Pattern Details:
First Candle : Long bearish candle during the downtrend.
Second Candle : Small-bodied candle that gapped down.
Third Candle : Long bullish candle that closed above the trend line at approximately SAR 22.70.
Support : After the breakout, the price reset and established support around SAR 22.34.
Potential Reversal : The formation indicates a potential reversal to an uptrend.
Resistance and Target:
Initial Resistance : SAR 24.46
Target : Upon breaking the initial resistance of SAR 24.46, the price may test the previous top of SAR 25.85.
Two Important Support levels Important point is that it has broken
the Previous HL thus giving a Signal of Trend
Reversal on Daily Basis.
However, Two Important Support levels
Support1 around 222 - 223
Support2 around 211 - 213
targeting around 230 - 235 initially.
On the flip side, if 235 is Sustained on Weekly basis,
it may continue its Uptrend with Initial Resistance
around 258 - 260
SAUDI ARAMCO BASE OIL CO. WEEKLY ANALYSIS
After rejection price of volume imbalance two time we will see an expansion to taken previous sell side and fill previous FVG
DON'T BUY 4003As you can notice on the chart we have a high volume bearish move, which means the market will break the current level and reach the next one where we can see how the xstock will act.
The comment section is all yours for further questions!
DON'T BUY 2222I got lots of questions from people who have bought 222 and they're in losses now about if the stock will riase or no.
My answer is always NO, the price is falling down and it will keep falling to the LEVEL 26.60 where we can see what will be the next move of the price.
