SELL SIGNAL SAOUDI ARABIAN OILPRICE COME BACK UDDER TRENDLINE
WAITING MARKET OPEN FIND BEARISH PATTERN TO SELL LOWER TIME FRAME
2222 trade ideas
aramco actionIn the next hours. if a high green volume occurs the market can break the vwap to high . if not the market continues the bearish.
but 70% the markets continue the bearish
SAUDI ARABIAN OILAS i already published Saudi Arabian OIL CO is giving SELL SIGNAL
and strong resistance upfront
ARAMCOcost after yields
the government will give 10% additional shares for every holder after 6 months form the IPO and granted minimum of 1.4 SAR per share for the next 5 years
2222 Aramcoif staid above 34 the target 34.6
under 34 will go to 33.45
35 major resistance if break that number will fly
$2222 | Saudi Aramco | Bear Flag FormationHonestly, this price action is not looking good, I have drawn out two scenarios as we are currently trading mid-shockwave.
Leaning bearish
ARAMCO OILLook the reason to never buy an IPO , this is the most profitable company in the entire world.. however it doesn means its a good investment... always when u look to buy one stock look at fundamentus and as confirmation techinical analysis... never get into the main streaming trap. For moment aramco is not a buy at all..... honestly stay away from it.
Saudi Aramco Chart ( 2222 ) Large IPO 2019My chart for TADAWUL:2222 a major 2019 IPO late in the year
Enjoy
I am not trading this, just observing the fallout in the kingdom and middle east in general as a 2t valuation begins to sink over time.... The channel is downward; even if we make it back to the top I would likely expect heavy selling when we get there.
Manage your own risk
GL HF
XOXO
Snoop
