7010 trade ideas
7010 - TADAWUL - Bullish PredictionHumbled, we would like to thanks for your support who has already liked, commented and followed us.
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7010 (Saudi Telecom) - TADAWUL - Bullish Prediction
Saudi telecom COHello,
Dear,
in this situation, we have two possibilities:
if the candle breaks the high line with a green candle is recommended to buy
if the candle breaks the low line with a strong red candle is recommended to sell
Warning: we're in the danger zone.
for people who have earnings, you have to get out of the market now.
Zianidetrade
Best wishes
SAUDI TELECOM CO looks promising .After publishing (On May 1st) the buy entry on my profile for TADAWUL:7010 it went from around 90 to 100 so far (Over 11% Growth) .Right now , being priced at 100 , there is still a promising potential for this stock .
In fact this stock is showing a powerful bullish momentum .AS LONG AS it remains CONSIDERABLY ABOVE the black line (like now) and closes the week considerably above the black line it would very likely continue up to around the first blue rectangle (105-110 area) with the strongest level in the blue box at around the 106.7 .At that point it would be interesting to watch an upward break of the blue rectangle and a considerable close above the first blue rectangle .That I think would be a powerful signal that we would continue up to around the second blue rectangle at the 117.5-120 area with the strongest level in the box being around the 117,5 .
