Alrajhi bank Alrajhi bank is on down trend and cup and handle is completed ..
Targets are 80 then 70 finally 67 ..
STOP above 86
1120 trade ideas
Al Rajhi Bearish Scenario Bearish MACD divergence on the weekly chart for Al Rajhi Bank. By breaking the 81.27 level, all hell will let loose.
The Price Is On FireWe can see that the price reached for the second time an important trend line that was broken in 2012 And also to the Resistance box, creating another strong uptrend line, a bearish engulfing candle has been formed broked the Red box still now, in my opinion, if its finishes like that then it will be a high chance for selling, If also you can see a Reversal pattern then enter the trade.
AL RAJHI BANK TREND GO DOWN Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in comments, we will try to answer for all, thank you guys.
we Think that The price of AL RAJHI BANK will Do a pull back and After That it will be Go down
1120Hello my friends,according to my graphic analysis of 1120 AL RAJHI BANK
we have bullish hidden divergence at trading channel
now it´s high probablity to buying this stock
don´t forget to like and keep following guys.
example of bullish channelGood morning all!! How are you! Good i hope!! Good day !! As we see on the chart we have an example of bullish channel. So at the breakout of the support line and the vwap indicator with force by a big candle with a large volume we will have a big probability of a downtrend...Thanks!!!
AL RAJHI BANK: And the show goes on The 15th of February , TADAWUL:1120 has broken above a key level (153.2) with huge bullish momentum ,
which triggered a sudden spike to around the 170 .
After the quick spike ,price pulled back down to the 150.5-155.5 area which is an ideal buy zone with strong demand . Actually price is very likely to go up to the 179-180.5 area ,with the possibility to break above the 179-180.5 area and continue to the 195-200 area .
For position management it is recommended to apply Jesse Livermore's method to this trade :
Open 2 positions with the same Stop set in the red area .The first position's target is set at the 1st target area .The second position's target is set at the 2nd target area .When the first position reaches the 1st target area and closes , it is recommended to move the stop loss to the entry price for the second position targeting the 2nd target area .
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All Requests , Suggestions and Remarks are Welcomed .
Ranging For NowIts been in a range for so many weeks now, interesting part is its consolidating right near the resistance area that is around 150.00 if this rectangle breaks to the upside this would be a good buy chance. For now its in a no trading zone lets wait for the breakout candle.
Hit like & follow guys ;)
AL RAJHI BANK SELL LONGCandle says that the buyers are squeezed with the force and we expect a bearish market next weeks so if you hold this stock you'd better close the position.
SELL WITH 80% OF PROBABILITY
The analyse of Al Rajhi Bank The Rajhi bank in an up trend, and this up trend are strong as we see in the chart there are five pull backs for testing this trend line but there is any break of this trend at the moment, so this up trend are strong.
All of that indicate to keep Al Rajhi Bank in the portfolio.
Al Rajhi Bank LongAl Rajhi Bank continue to make new highs
Bullish Indications
1- Dow: Series of HH and HL in continuation
2- Candle stick: Inverted Hammer
3- S&R: Trendline support 132
4- Fib Retracement @38% (132) @50% (
Bearish Indications
1- 3 black crows at top
2- If fib level of small parabolic move @68% (132) and trendline support at same level are broken, then trend reversal may be possible (wait for LH)
Trade Plan 1
Long from current price @134.2 with stop loss @ 120
AL RAJIHI BANK OPPORTUNTY TO BUY ABOVE 142.81AL RAJIHI BANK
hight probability if the highest level is broken :
if the 142.81 is broken we will probably reach the 149 and 157.6
however, the opposite is far from being achieved with a low probability.
thank you
NB: please remember that we do not have a cristal ball predicting markets future, we try to be close to possible scenarios in order to react efficiently and rationally.
please do not forget making some follows and like if i deserve it.
AL RAJHI BANK 15 TADAWUL-next updateKnowing the next market trend BY PITCHFORK INDICATOR
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AL RAJHI BANK price is sitting around a trendfollowing.
we also have a divergence on macd .
waiting for the price to break the trendline to sell .
AL RAJHI BANKAL RAJHI BANK is keeping up great upper momentum so the position is to keep in the portfolio
1120: a buy opportunityToday we have a big chance to make some profit if we buy 1120. You can see my explanation on the chart .
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