2223 trade ideas
2223 | Saudi Aramco Base Oil CompanySaudi Aramco Base Oil Company is trading within a potential broadening wedge formation, with both the lower and upper ascending trendlines supporting the price. The immediate support zone represents an optimal buying area before the price advances towards the targeted 180 level. Short term approach can be consider initially around 152-153 and secondary approach around 165. The internal demand zone is identified around 143 as a favorable accumulation point. On the flip side, if the trend line breaks then more bearish momentum can be seen. Use stop loss below 140 to manage risk.
Saudi Aramco 2223As it's showing a stock in an uptrend, the stock enters a correction phase but rebounds to Fibonacci levels. However, it's worth noting that the volume is not supportive, unlike what we observe with other indicators, especially MACD, which will give a buy signal if the next candle confirms with a green. Similarly, in Bollinger Bands, touching its support level, just like the last time, the volume did not support, then it will be an uptrend. However, we are also observing that the trend is showing signs of weakness; if volumes increase, then we will consider it.
As we are already in a position, for safety, we are keeping our stop-loss at 167.84 AED.
Conclusion: All signs support an uptrend; the bullish trend is stronger, but we must primarily consider volume and other indicators and run with a stop-loss for safety.
SAUDI ARAMCO is BullishSAUDI ARAMCO just posted a new all time high couple of days ago, and is on track for new highs, as the bullish momentum looks good. Moreover, no divergence has yet appeared on the RSI and hence according to Dow theory, the trend of higher highs and higher lows is likely to continue. Projections from AB = CD harmonic pattern are also marked on the chart, alongside entry points and take profit targets.
Potential Breakout: Saudi Aramco Base Oil Company - Luberef (222Saudi Aramco Base Oil Company - Luberef (2223) is making waves in the market! Trading near its all-time high and above all key moving averages, it’s showing strong signs of an upward trend. High volume activity indicates robust investor interest.
The company has shown rapid earnings growth, up 51% a year for the past five years, indicating a strong future performance. With a first target of 166.8 and a second target of 184.8, it’s a stock to watch! Remember, always do your own analysis before investing.
📊 2223 Shares Technical Analysis 📈📊 2223 Shares Technical Analysis 📈
🔍 On the daily timeframe, we're exploring the potential for a bull run using the "Smart Money" concept. Here's a quick breakdown:
**Trend**: The stock has been consolidating, indicating market indecision.
Remember, this is not financial advice. Do your own research and consult a professional before investing. 🚀💰💡
Saudi Aramco Stock on Tadawul ExchangeSaudi Aramco made more than 94,5 billions in profits this year. This is a good order to win the situation. After last year losses this ship is going to deliver. As you can see on the presented chart, we have prepared more complex strategy for this Asset. Alpha+Beta is when interests of passive and active managers follow the same road. Sigma stayed the same. Theta, also the same. Omega+Kappa is when interests of minority investors are divided by conflict of interests for some reason. Why we think this is truth, and not a hogwash? Well, truth in numbers, try to not associate yourself with this, calculate it yourself. Good luck with Saudi Aramco Stock, investors.
