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Is is over LASHA bank ?!It is important to understand the current market conditions that exist. In this case, the analysis suggests that the stock in question may not be a favorable investment opportunity due to decreasing investor confidence and potential for a trend reversal. The first indicator of this stock is the predicted negative targets and decreasing volumes. Negative targets means that there is a projection that the price of the stock will decrease, while decreasing volumes suggest that fewer investors are buying the stock, indicating a lack of confidence in its future prospects. These factors could potentially lead to a further decline in the stock's price, making it a risky investment choice at this time. Additionally, the use of the harmonic pattern and Elliott wave analysis also point towards a potential reversal in the trend. The harmonic pattern is an indicator used to identify price movements and potential turning points. In this case, the attainment of the harmonic pattern's goal indicates that there is potential for a reversal. Similarly, the Elliott wave analysis also shows that the stock may decline further before ultimately recovering. This suggests that there is still some downward pressure on the stock and there may be further opportunities to purchase it at a lower price. As forex traders, it is important to not rush into investments without proper consideration of the risks involved. While the potential for a reversal exists, it may not happen immediately and could bring further market volatility. As such, it may be wise to wait for more definitive signals before entering a position. This could include looking for a reversal pattern, such as a double bottom or head and shoulders, or stronger technical support levels that indicate potential future price movements. In conclusion, based on the analysis provided, the current market conditions suggest that the stock in question may not be a favorable investment opportunity. While there is potential for a reversal, it may not occur immediately, and there is still a risk of further decline. Therefore, as forex advisors, we would recommend waiting for more definitive signals before entering a position to minimize risk and maximize potential returns. Please note that this article is for informational purposes only and should not be construed as financial advice. It is important to conduct thorough research and seek professional guidance before making any financial decisions. The author and company do not guarantee the accuracy or completeness of the information presented in this or any other article written by the author and are not liable for any financial losses or damages that may result from the reliance on or use of this information.
QSE:QFBQShort
by Dr_N_
QIBK potential moves are closeQIBK (Qatar Islamic Bank) is a banking and financial services organization based in Qatar. As a forex technical analyst, based on the current market trends and historical data, I have prepared a detailed analysis of QIBK stock and have suggested an entry point, stop loss, and two take-profit levels. Starting with the daily chart, we can see that QIBK has been trading in an overall uptrend. The stock recently consolidated and formed a base around the $16.50 level for several weeks before breaking out to the upside. The stock has formed a bullish harmonic pattern, which is a continuation pattern that suggests the stock is likely to continue with its upward trend. Next, looking at the daily chart, we see that harmonic pattern is positive anyway but getting a support ftom other indicators such as RSI we can notice the RSI conversion clearly started for QIBK, which is a bullish sign. The QIBK trend line as shown act as resistance level and is providing a solid base for the stock to continue its upward trend once the price cross that trend lines. Considering the above analysis, I would suggest entering a long position on QIBK at $18.33, with a stop loss at $15.9, which is below the recent consolidation level and lowest 3rd bottom. This placement of the stop-loss level should help to minimize downside risk. As for the take-profit levels, I would suggest booking partial profits at $20.7, which is a key resistance level identified on the daily chart. This level has acted as resistance in the past and could cause a temporary pullback in the stock price. The second take-profit level is at $27.89, which is another resistance level and has acted as a significant resistance for the stock in the past. In conclusion, the overall trend is bullish for QIBK, with the stock showing consolidation and bullish patterns. Entering at $18.33, with a stop loss at $15.9 and taking partial profits at $20.7 and the second take-profit level at $27.89 could offer a favorable risk-to-reward ratio for traders. However, as with any investment, it is essential to keep a close eye on any developments and adjust your trading strategy accordingly.
QSE:QIBKLong
by Dr_N_
3
Quick analysis on MARKGood afternoon dear Qatari traders, I received some questions from some day traders about whether if it's possible to buy MARK tomorrow's trading session and I want to share my idea to the public. You must wait for the confirmation of the break of the VWAP since it broke it and came back to pullback on it, be patient and wait for tomorrow's session to end to see how the market will close. Follow for more analysis and if you got any questions don't hesitate to ask!
QSE:MARKLong
by YassineAnalysis