TASI trade ideas
Tasi will go up next few weeks TASI will go up next few weeks .
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Covid-19 Trend is Over? TASI did switch its previous upward trend into downward trend since May 2019 regardless of Covid19.
And then it did start short term upward trend that I think it is about to end soon and then continuing on the downtrend trend that started earlier unless there is a good reason to not.
It’s like a flight had to do emergency landing and then take off again. And now it’s almost ready for landing, unless that is going to be cancelled for unexpected reason...
Possible Bearish ABCD PatternTADAWUL:TASI index could reach 6750.00 especially if it closes under 7396 in the weekly time frame.
Saudi Tadawul Bulls are here watch outMarket have almost crossed the resistance zone it have also retested it successfully after the breakout, its also above 200 ema which is bullish, its also making higher highs and higher lows as per my analysis its good to go higher from here.
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