Abo Moati (4191) – Potential Bullish Continuation SetupAfter a strong rally toward SAR 42, Abo Moati has pulled back and is now stabilizing near SAR 38 — a key pivot zone that previously acted as both support and resistance.
We may be looking at a bullish continuation, as the price is attempting to form a higher low. A clean bounce from this zone could offer a favorable risk/reward setup for swing traders.
📊 Technical Context:
4H structure remains bullish after a steep correction
Price is testing a former breakout zone around SAR 38
Momentum is slowing down on the pullback — early signs of buyer interest re-entering
📈 Trade Idea:
Entry: SAR 37.80 – 38.20 (support zone confirmation)
TP1: SAR 41.00 (recent high)
TP2: SAR 43.80 (extension move)
Stop Loss: Below SAR 36.80 (invalidation of structure)
⚠️ Risk Note:
This is a trend-following continuation play, not a reversal. If price loses SAR 37.50 on strong volume, this setup becomes invalid.
🧠 Final Thoughts:
Watch for price action confirmation on the 4H or daily close before entering. No need to catch the exact bottom — let the market show its hand.
