TASITADAWUL:TASI
SELLING .....
Selling from the area / expect it to collapse to the specified targets
TASI trade ideas
TASI Saudi indexThe index revealed a lot about the support line - = 11250 until it was finally able to exit to the top, bypassing its last high 11464 and thus targeting 11790 as an investment for this rise
It is still in the ascending channel, but our expectations if it returns and breaks the support area 11250, it will drop to 10949
Is the Tadawul All Share Index (TASI) overdue for a correction?The Tadawul All Share Index (TASI), which tracks the performance of all stock listed on The Tadawul, has recorded a 30.34% increase since the beginning of 2021.
However, the TASI is sitting at a peak level, which appears to be a repetition of the previous boom and bust cycle. The TASI was in a comparable position in late 2014 and late 2007, before wiping out more than half its value over the proceeding months. If past performance is any indicator, the TASI might be overdue a correction.
About the Tawadul
The Tadawul (TADAWUL) is the only licensed Stock Exchange in Saudi Arabia, the largest Stock Exchange in the Middle East, and the twelfth largest in the world by market capitalisation. According to Statista, The aggregate market cap of the 200 companies listed on The Tadawul is approximately US $2.6 trillion (July of 2021).
Contributing to an outsized portion of The Tadawul’s market capitalisation is Saudi Aramco (TADAWUL: 2222), the fourth-largest company in the world (market cap as of Sept 2021, US ~$1.9 trillion). Perhaps unsurprisingly, a vast swath of the listings on The Tadawul are companies concerned with crude oil and chemical products. Saudi Basic Industries (TADAWUL: 2010) is the Exchange’s second-largest listing, with a comparatively modest market capitalisation of US $99 billion.
Financial institutions and banking groups help to diversify the offerings of the Stock Exchange. The Exchange’s former largest listings, Al Rajhi Banking & Investment (TADAWUL: 1120) and Saudi National Bank (TADAWUL: 1180 ), are currently the third and fourth largest with market caps between US $70 and US $80 billion.
TASIGreetings All,
I hope you're doing well guys. TASI reflected from a very strong resistance as same as US Market (SPX) I think the support area that the price will react with is going to be between 10,900-11,000 otherwise, we will continue to the next blue line.
TASI is at a critical resistance We know that Saudi Arabia economy is heavily dependent on the oil prices. Therefore, considering this chart and the oil chart below, we can say that Saudi stocks will most likely fall.
TASIChart explaining path forward for TASI index, gradiant red zones are selling zone and yellow lines are the most likely price reflux points.
TasiCheck the red zone it is selling zones and check the yellow lines are the most likely price reflux points
TADAWUUL ALL SHARES INDEX -1D- TADAWUL We Need Profitable Deals Not a Lot Of Analyse And Indicators.
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TASI: Prepare for your new years
Since 2006, TASI had 3 bear market periods and 2 pull markets ( and currently in the 3rd. )
Each period had lasted (1/2 the time of the previous similar period either bear or pull)
The maximum period was 5 years and the shortest is 10 weeks from today
The closing above 9400 in 8-10 weeks is very positive for targets at 12000 and 15000 points.
Investment wise, the Saudi Tadawul market is net long over the short and medium term or until major event happens.
Share your thoughts
we will go over interesting charts behind this pull structure in the market index. Share your favourite.
Best,
Tadawul All Share Index - Weekly - Saudi Stock Market IndexTadawul All Share Weekly Index - SAUDI ARABIA
11th April, 2021
As shown the Index is in multi year
correction from historical all time
high around 20000 mark.
Possible wave count suggests
one more leg down to as low as
6000 area may seen. The forthcoming
down move may coincide with
lower oil price and lower US,
Europe and other world stock markets.
Sustain trading above 11000 negates the downtrend scenario.
TASITarget 9900
Breakout 9900 the target 11160
Stop-loss breakout the up trendline and close under the 9400
