Al Yamama Steel (1305) Analysis: IRL to ERL - All-Time High as T
### **Al Yamama Steel (1305) Analysis: IRL to ERL - All-Time High as Target**
**Timeframe**: Yearly
#### **Overview**:
- **Current Scenario**: Al Yamama Steel is trading below a critical level, providing a potential buy opportunity.
- **Strategy**: Focus on the IRL (Intermediate Range Low) to ERL (Expected Range Level) movement, with the all-time high as the ultimate target.
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#### **Analysis**:
1. **Order Flow**: Monitor the price action and liquidity levels below the current range. Accumulation at support zones signals bullish intent.
2. **Price Action**: Wait for confirmation (e.g., bullish engulfing or breakout retest) at identified buy zones.
3. **Risk Management**: Place stop-loss just below the IRL to mitigate risks.
💡 **Tip**: Patience is key. Allow the price to dip below for a better risk-reward ratio before targeting ERL and ATH. 😊
