2140 trade ideas
AYYAN Investment - TADAWUL: 2140 - KSAThe stock is currently trading near the resistance level of SAR 17.40. If this level is breached, the stock is expected to target prices of SAR 18.50, followed by SAR 21. The stock has become suitable for trading after recent transactions in the last financial period, due to the anticipated financial adjustments that will be reflected in the company's upcoming Q3 financial statements.
AYYAN INVESTMENT COThe term "bullish crab" typically refers to a specific pattern in financial trading, specifically in technical analysis. It's a harmonic pattern that traders use to predict potential reversals in the price of an asset.
The bullish crab pattern is characterized by specific Fibonacci ratios between price swings. It consists of four price swings, with the second and third swings being retracements of the initial move. The key Fibonacci ratios involved are typically 38.2% and 88.6%.
Traders look for this pattern because, if it forms after a downtrend, it suggests that the asset's price might be poised for a bullish reversal. However, like all technical analysis tools, it's not foolproof and should be used in conjunction with other indicators and risk management strategies.