TASI trade ideas
TASI to where!!We see a TASI indicator bouncing from the specified demand area, so can we see a rally again !!
#tasi
Tadawul Index startet mit - 7% Seit Anfang des Jahres hat der saudische Aktienindex „ #Tadawul All Shares Index“ rund 20 Prozent an Wert verloren. Aktienmarkt brach heute um rund 7 % ein – (Heute? – Ja in einigen muslimischen Staaten ist Freitags statt Sonntags die Börse geschlossen) #Moodys hat den Ausblick für die Finanzkraft des Landes am Freitag bereits auf negativ gesenkt. Fragt sich wie lange #SaudiArabia und die #OPEC den Öl-Streit aushalten können?
is TASI in bullish trend?The TASI index is giving signal for a bullish market ahead of the coming week. This following the consolidation at 50% retracement as well as the latest info of open line of credit for KSA .
TASI is likely to go up .TADAWUL:TASI
TASI is looking to go up towards around the 7000 level .It could even continue to go up to 7160-7180 levels if we succeed to close significantly above the 7000 mark at the end of an upcoming day .
Before it shoots up TASI could very well go downwards first to 6400-6500 level after the market open .
Saudian Market - TASI - weekly chartTASI - Saudian Market - weekly chart
# The current trend is downtrend
# Under the important resistance 7000 may go to 5500 then 4775 to achieve targets of the head and shoulders pattern and the expected shark pattern
# The positive scenario will be above 7000
buy
TADAWUL:TASI
According to the Fib Retracemment Index, the chart is rising to the level
0.236 after that it will decrease
