1120 trade ideas
TIME TO BUY AL RAJHI BANK !Dear investors, this is time to buy AL RAJHI BANK stocks. As you can see on the chart the price kept consolidating in a specefic channel the past eight months, I have been waiting for this exact moment to announce you this for the past three months, here we are today. After the consolidation and the small range of volumes, this week we got a high volumed springbox at the end of the down trend, plus it pulled near the 209 EMA. What are you still waiting for ? BUY AL RAJHI BANK stocks !
In case you have any question don't hesitate to ask I'll answer with pleasure
1120: AnalysisAs you see on the chart we are in a downtrend. But we will have a big probability to have an uptrend if only if we have the breakout with force the vwap indicator and the resistance line by a big green candle with a large green volume. In other hand, it's possible to have also a downtrend continuity if we have the breakout with force the support line by a big red candle with a large red volume.Thanks
Buy ideaWe will have a big probability of an uptrend after the breakout with force the resistance line by a big green candle with a large green volume. In other, hand we will have a reversal trend if we have the breakout with force the vwap indicator and the support line by a big red candle with a large red volume. Thanks.
1120: Al Rajhi (Bullish setup)Falling Wedge Pattern
Watchout for Breakout
Retracement from Golden Pocket considering Rally from Covid-19 and retracement
HH, HL formation until top of falling wedge Resistance
Bulls need to take control for further ride and breakout
Entry at current level (Aggressive) or Watch for Breakout
Stop Loss is specified
Fib/Horizontal support Levels are specified for TPs
Ride the trend and Trail your stop loss
Manage your risk properly
Al Rajhi Bank Is About To Bounce UpHello everyone.
I think Al Rajhi is running in corrective wave (4) and it is mostly FLAT.
Now subwave (A) is finish and it is about to rise again to the target zone (105-110) SR to finish subwave (B).
After that it will make final drop to the target zone (84-86) SR to complete its correction.
Once correction is done, it is expected to go up in wave (5).
Trade Safe.
Good Luck.