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Tadawul All Shares IndexTadawul All Shares IndexTadawul All Shares Index

Tadawul All Shares Index

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TASI trade ideas

TASI: HISTORICAL ANALYSIS WITH A LONG TERM STRATEGIC PLANHistorical data analysis of TASI, since its beginning in 1985, shows a peculiar pattern wherein trading TASI for only 6 months in a year for 10 consecutive years yields higher or similar returns compared to buy & hold strategy during the same period. So a profitable strategic trading plan can be made with following Key highlights: 50% capital exposure to the market: trading will be carried out only 6 months out of 12 months. Higher or similar returns when compared to buy & hold strategy for the duration of plan (10 consecutive years). Back testing results since 1985 have shown increase in returns with the rate of 8.8%, 16% & 43%. Returns for the last trading plan (2014-2024) have exceeded 100%: the capital in 2014 would have doubled in 2024 using the strategy. A balanced strategy incorporating the best of both ‘trading’ and ‘investing’ worlds. No worries about daily price action or getting out of trade due to stop loss, while also having the leisure and cash-in-hand for half of the year. A long term plan: 10 consecutive years but only 6 months in each year will be traded. If you like to access the trading plan in full details (with back testing proof in pdf & excel workbook), please reach out to me at: umairx88@gmail.com. Bear in mind that the month of November is not only included in the plan rather it is one of the crucial months of the plan.
TADAWUL:TASI
by Umair88
1
TASI: At Resistance_Sideways ExpectedTASI is receiving resistance from 12,325 level (a significant level). Gap up opening was filled yesterday and the downtrend continues after taking correction from the specified resistance level (12,325). Profit booking due to Week and Month closure will also drag the index down further to the levels of 12,000.00 (A significant/psychological support level). It is expected that the price may remain sideways for a while between these two levels 12,000 to 12,325 (a good sign to build up foundation for further upside movement). On weekly timeframe, price is moving in the same way (flipped) as in recent past. Watchout for September events in US market. Overall, We are Bullish on TASI. Trade individual stocks with proper risk management. Happy Trading!
TADAWUL:TASI
by YASIRWA
TASI | Bearish Flag Pattern Suggests Potential DownsideThe TASI (Tadawul All Share Index) is currently exhibiting a bearish flag pattern on its chart, signaling a potential continuation of the existing downtrend. This pattern typically forms after a significant decline (flagpole), followed by a consolidation period (flag), and often precedes a further downward movement. Pattern Description: The bearish flag pattern on the TASI index chart is characterized by: *Flagpole: A sharp decline in price, indicating strong selling pressure. *Flag: A consolidation phase where the price moves within a channel, forming a downward sloping parallel channel. Technical Indicators and Observations: *Breakdown Confirmation: The pattern suggests that if the index breaks below the lower boundary of the flag pattern, it could trigger additional selling pressure. *Target Projection: Upon a confirmed breakdown below the flag, technical analysis principles suggest a potential downside target approximately around the support level of 11,000. Key Levels to Watch: Support Levels: Besides the projected target around 11,000, further support levels should be monitored for potential reversal or consolidation zones. Resistance Levels: Previous support-turned-resistance levels may act as barriers if there is any upside correction. Momentum and Volume Analysis: Volume: Volume analysis during the flag formation and upon breakout is crucial to confirm the validity of the pattern. Momentum Indicators: Oscillators and momentum indicators can provide additional insights into the strength of selling pressure and potential exhaustion points. Risk Management: Traders and investors should consider implementing appropriate risk management strategies, including stop-loss orders, to mitigate potential losses in case of unexpected price movements. Conclusion: In conclusion, the presence of a bearish flag pattern on the TASI index chart suggests a cautious outlook with a potential downside target around 11,000 upon a confirmed breakdown of the flag pattern. It is advised to monitor price action, volume, and key support levels closely for further confirmation and adjustment of trading strategies accordingly. This technical view is based on the current pattern formation and should be complemented with broader market analysis and risk assessment before making any trading decisions.
TADAWUL:TASIShort
by mbaberhanif
1
TASI Where are you goingBased on the attached chart, a head and shoulders pattern is clearly visible on the daily timeframe of the Saudi market index. If the index manages to break through the important resistance level of 12041 by 8/7, it is expected to continue rising. However, there is a risk of breaking the support level, which could lead to a reversal of the uptrend. It is important to monitor price behavior near key support and resistance levels to confirm the trend. A break of the support level may indicate weakness in the upward momentum and the possibility of a downward correction. On the other hand, a breakout above the resistance level with strong trading volume may confirm the continuation of the uptrend. In conclusion, the head and shoulders pattern looks promising, but caution should be exercised due to the possibility of breaking support. It is advisable to wait for confirmation of the resistance breakout before entering new long positions.
TADAWUL:TASILong
by emad_alwan
2
TASIThe Tadawul All Shares Index (TASI) concluded the previous week with notable performances across its key indices, experiencing a gain of 0.49%. This resulted in an accumulation of 56.90 points, settling the index at 11,560.39 Notably, the index has shown rejection from 12,883 which will acts as resistance for the upcoming session for the index. On the flip side, support lies around 11,230 and secondary support around 10,605. Furthermore, MACD indicator cross over towards down ward which indicates more bearish sentiment in the index.
TADAWUL:TASIShort
by mbaberhanif
1
TASI bullish trendThe Tadawul All Shares Index (TASI) concluded its most recent trading session at 11,082, reflecting a positive gain of 59 points. Notably, the index has surpassed its previous resistance level of 10,987, which has now transitioned into a crucial support level. The subsequent resistance level is anticipated to manifest around 11,198. Current market patterns imply a potential upward momentum, contingent upon the index maintaining its support level at 10,987. This sentiment is reinforced by the parabolic SAR, which signals an upward trend in the market. Market Summery Close: 11,082 Change: +59 Volume(mln): 239 RSI: 63 High: 11,082 Low: 11,002 Pivots R-3: 11,122 R-2: 11,055 R-1: 10,948 PP: 10,881 S-1: 10,774 S-2: 10,707 S-3: 10,600
TADAWUL:TASILong
by mbaberhanif
TASI Chart Brief Analysis **Current Status:** - **Index Value:** 11,659.940 - **Daily Change:** -171.280 (-1.45%) **Trend:** - Bearish trend with lower highs and lows. - Recently broke below the rising channel. **Support and Resistance:** - **Support:** 11,473.273, 10,390.034 - **Resistance:** 11,850.000 **Indicators:** - **Ichimoku Cloud:** Trading below the cloud, indicating bearish momentum. - **MACD:** Bearish crossover with a negative histogram. - **Oscillators:** Oversold conditions, potential short-term rebound. **Trading Ideas:** - **Short-Term:** Short positions with targets at support levels, stop loss above 11,850.000. - **Long-Term:** Wait for a reversal above the Ichimoku cloud for long positions. **Note:** Combine technical analysis with fundamentals and market news.
TADAWUL:TASI
by DrSaud1
TASIThe Tadawul All Shares Index (TASI) concluded the previous week with notable performances across its key indices, experiencing a loss of 0.70%. This resulted in an accumulation of 85.97 points, settling the index at 12,198.44. Notably, the index has shown rejection from 12,883 which will acts as resistance for the upcoming session for the index. If this resistance breaks then more upward can be seen. Otherwise support lies around 12,116 and secondary support around 11,837. Market Summery Close: 12,198.44 Change: -85.97 Volume(bn): 1.296 RSI: 52 High: 12,286.69 Low: 12,089 Pivots R-3: 13,370 R-2: 13,091 R-1: 12,743 PP: 12,464 S-1: 12,116 S-2: 11,837 S-3: 11,489
TADAWUL:TASI
by mbaberhanif