2350 trade ideas
Saudi Kayan, to target 14 and 16Saudi Kayan (2350), on the daily chart, I see a forming pattern, going up on a zigzag until 14, then some correction and next target is 16
Quick tradings can be done buy at support / sell at resistance, and so on until reaching the target.
The technical indicators RSI and MACD are supporting this view.
Stop loss at 10.7 should be considered.
2350_Trendline Breakout (Bullish Setup)Price has taken support at C&H formation target.
HH, HL in formation.
Price has reached a strong horizontal level (acting as resistance)
Take Entry after Breakout of horizontal level (Resistance); will be converted to support.
SL and TPs are specified.
Trail stop loss accordingly.
2350: SAUDI KAYAN_TASI (Parallel Channel Breakout)Parallel Channel Breakout Observed
Completion of Cup & Handle Target
Short term and long term Bullish setup is available
Wait for HH, HL formation
Entry above watchout level
Horizontal support Levels are specified for TPs
Ride the trend and Trail your stop loss
Manage your risk properly
SAUDI KAYAN PETROCHEMICHAL CO Buy Signal To Watch (2350)Recently , TADAWUL:2350 had enough bullish strength to break above the black line .
If we close in an upcoming day considerably above the green area (significantly above the 8.8 ) , this stock would very likely continue up towards the first blue rectangle area at the 9.8-10 area , with an important potential to reach the second target at the secong blue rectangle (11.2-11.7 area).
The probability of reaching the second blue rectangle area is considerable but it would depend also on how price will act around the first blue rectangle area (9.8-10 ) .