DONT BUY 2010 YETAs you can notice on the chart, the price is still pushing lower and lower since April 2024, for now we sill don't have an entry to take or any bullish indication, the price is still pushing lower and lower.
For the next 2 weeks, we'll see if the price will give us a confirmation of a reversal or no since it is already in a liquidity zone, don't get fooled by the big movement the market is going to the in the next couple days, that's just a manipulation.
For further questions the comment section is all yours!
Follow for more!
2010 trade ideas
POTENTIAL SETUP ( TASI : 2010 )As the market currently trading in a Parallel channel. The price was reacting well the support and resistance of channel and a market currently formed a bullish morning star candle on daily TF with a mature bullish divergence. If the market successfully sustain this buying confluence the next leg up could go for new HH.
SABIC (2010) will target 102 after crossing resistanceDaily chart, SABIC (2010) stock is trading in an ascending channel for a year.
Now, it is showing positive signals for upwards movement to test the resistance line (BLUE). After crossing (around 86.3), the target will be 96, then 102
Positively, the technical indicator MACD crossed the zero line up.
saoudi basic industries holders be awarehello
first as you see on my chart resepects its evolution according to the figure so:
- if it breaks the suuport line around 65.8 it will reach 59.4 then maye be pulback toward its broken support then continue its free fall until 38.6 or more.
- otherwise it will rebond on its support and buyers can hold their stocks wishing higher levels
Remember that this support is a critical level so pay attention
NB:the horizontal blue line presents a historical level that retraces history of this stock
Keep in mind that i am not having a cristal ball predicting future but i try to be more efficient and rationnal