BURG: Buy ideaBuy idea on BURG as you can see on the chart because we have the breakout with force the resistance line by a big green candle follow by a large green volume.
BURG trade ideas
BURG: Sell ideaOn this action we can note that after the breakout of the vwap indicator we notice small candles with small wicks and small bodies making spring effects on the vwap. In addition, we also have the break of the support line by the sellers with a significant red candle and also followed by quite significant red volume as well thus confirming their supremacy over the buyers. Thank you.!
Quick analysis on BURGAN BANKGood afternoon dear Kuwait inverstors!
I saw people on a group arguing on whether they buy BURGAN BANK stock or no, I made this analysis to share my thought with you.
You can see on the chart that the price kept going down on a channel for the past 9 years, Aug 2022 it did what we call a squeeze on the system I follow. Currently, the market is consolidating and we'll be waiting for it to break the channel to see if you must buy the stock or no.
For more questions on any market you want don't hesitate to ask and I'll be answering with pleasure!
