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SAUDI ELECTRICITY CO.SAUDI ELECTRICITY CO.SAUDI ELECTRICITY CO.

SAUDI ELECTRICITY CO.

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5110 trade ideas

Saudi electricity Sparks Bullish Momentum 📈 Saudi Electricity Sparks a Bullish Momentum! ⚡🚀🔞 Weekly Analysis The Saudi Electricity stock has initiated a strong bullish momentum, creating a Fair Value Gap (FVG) on the weekly timeframe, along with a significant Market Structure Shift (MSS). H4 Insight 🔍 Zooming into the H4 timeframe, the price is currently positioned just above the Breaker Block, even slightly touching it. This presents a promising scenario for a bullish continuation. Bullish Outlook 🎯 I'm expecting a bullish run from here, targeting Buy Side Liquidity and the Equal Highs at 18.88. This move aligns with the structural and liquidity dynamics seen in the market. What’s Next? 🚀 If the price respects the Breaker Block and maintains its bullish drive, this could lead to a significant rally toward the target, rewarding those aligned with the trend. ⚠️ Always trade responsibly and manage risk effectively.
TADAWUL:5110Long
by Asif_Brain_Waves
5110 : Can utility companies stocks provide high gains? The classis answer is No! because of limited growth and sensitive pricing. However, utility companies like any other company can have change of strategy, management and even product. Saudi Electric company had recently announced major changes to its governance and strategy by minister of energy himself. The chart tell the story that has been taking place since 2017, a relevant date to change of economic policies in the kingdom. Since then, the stock had been trading in a volatility funnel and out performing on its targets. Recently the price-action broke above the 20 SAR level, a significant level to hold to continue in the up trend. Next target coming up is 25 SAR given possible retracement to 21.0 SAR in the coming days. TADAWUL:5110
TADAWUL:5110Long
by binhajifahd
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