2010 trade ideas
SAUDI BASIC INDUSTRIES CO likely to go up .TADAWUL:2010 gave a buy signal , I think price is likely to continue up to around the first blue rectangle (88.3-91.5 Area) which would be the first target with a powerful level around the 88.3 (first blue line) .
It would be interesting then to watch If the price breaks and closes in an upcoming day considerably above the first blue rectangle (Above the 91.5) because if it does , it would likely continue up to around the second blue rectangle which would serve as a potential Second Target .
(Second Blue Rectangle :101.5-105.5 area with a powerful level around the second blue line at 101.5)
SAUDI BASIC INDUSTRIES CORP. LONGSAUDI BASIC INDUSTRIES CORP. LONG
If we maintain the momentum we can look for 100 or higher, for now SAUDIBASIC INDUSTRIES CORP.. is to hold in portfolio or even buy more at the level highlighted on the chert
SAUDI BASIC INDUSTRIES CORP Analysis .I think one still needs clear signs from TADAWUL:2010 before making any decision , because right now this stock has yet to confirm where price is heading .The way price will behave around key areas in the days to come will probably confirm the direction price is going to take .I think right now it would be better to just back up and wait for a sign .
Saudi Basic Industries Potential Short An opportunity to short the stock since we are about to see a rejection. Therefore, Once the rejection is occurred I think It will be a great trade to the lower band.
Saudi Basic Industries is ''not to buy''There's a strong resistance ahead( Levels 74.40 and 75.97. Therefore, a strong bearish movement is expected that will reflect the potential final wave C.
The trigger will be a strong rejection on top. hence, going back to 72 or 71.4.
Saudi Basic Industries CorpThe end of the correction. Hence, a strong movement to the downside is expected.
Tadawul - SAUDI BASIC INDUSTRIES CORPOn demand of Mr. Mostafa - we have a high probability bullish SAUDI BASIC INDUSTRIES CORP .
thank you ... enjoy !!!
Saudi Basic 2010 is looking for itselfThere's no strong signal to enter the market yet.
There's a kind of range here.
the sabik stocks saudi for selling next daysthe sabik stocks Saudi for selling next day we can see the price in the level 1 / 68.54 and level 2 / 64.99
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Short Gain on Saudi Basic Industries Corp Increasing of Saudi Basic Industries Corp.
This market is definitely to buy
SAUDI BASIC INDUSTRIES CORP 2010..BUYSAUDI BASIC INDUSTRIES CORP
2010
Buy:
Entry: 79.45 - 75.84
TP 1: 85.08
TP 2: 99.38
TP 3: 111.61
Stop loss: 74.04
This is not a recommendation
SabicTargeting 82 next week, good to buy for daily traders...but the risk is high as the down trend is confirmed in weekly time frame.
