4040 - SAUDI PUBLIC TRANSPORT CO. LOOKS BULLISHSAUDI PUBLIC TRANSPORT CO. looks bullish and a possible 15% move is expected as per previous price action which was supported by huge volume
4040 trade ideas
TASI: 4040 SABTCO Sometimes you have to see the big picture, the macro trend, to understand the stock movement. #TASI4040 as an example:
- Higher lows and lower highs since 2007
- accelerating time in the low phases
- buying with volume + improved profits
- public transportation sector is growing with government and private incentives.
The stock only require patience. Analysis hint to a highly likely scenario of +30% within 12 months. and even more after that. All contingent on momentum and market trend.
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Disclosure: this is not a recommendation for investment. This is purely a journal for me and my own learning.
4040 is expected to cross 17.4, target 19.6Saudi Public Transport Co.
On the daily chart, the tech. indicators are showing tendency to cross 17.4 up (the resistance line), then the target will be 19.6
Stop loss 16.8 - 16.5
On the weekly time frame, above 18.5, the far target will be 35.7
TASI:4040 Long SetupSaudi Public Transport is making a series of HHs & HLs and respecting the trendline.
A bullish divergence can be observed
Entry: CMP 17.98
SL: 17.72
TP1: RRR 1:2 18.5
TP2: RRR 1:4 19:00
TP3: RRR 1:6 19.5
🔴 4040 SAPTCONO LIQUDITY SWEAP NO ENTRY.
STRUCTURE IS CHANGING ANYTIME.
EVERY CANDLE HAS LIQUIDITY.
PRICE ALWAYS NEED LIQUIDITY.
Nobody Knows Where is Price Going.
Hey traders, here is the analysi.
If you guys like my analysis please hit like?? and follow.
Thanks.
SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
DISCLAIMER- This is not financial advice.
4040 to 19.48 !!Since the daily candle closes above 18.22
then inshallah it will go to hit and test 19.48 and the following goals as mentioned in the chart
4040 SAUDI PEBLIC TRANSPORT COHey traders, here is the analysi. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER- This is not financial advice. SMART MONEY CONCEPT
4040 Public Transportation As we can see from the chart, Breakout the triangle leads to the appointed targets
