Umair88

Umair88

6001: HALWANI BROS is currently at an important price level in the weekly timeframe. The price range of 43.2-42.9 (fib level of 0.786) has historically been tested 2 times earlier as well. Phenomenal bounce in price can be observed whenever price reached at this level. Also note that RSI indicator is heading towards oversold range (less than 30) same as...

Umair88

2250: SAUDI INDUSTRIAL INVESTMENT has historically appreciated, on a weekly timeframe, once a hammer candle had been formed at an 'area of interest' or below it The 'area of interest' is the price range of 18.10 - 18.30. There are 2 cases of hammer candle formation: 1) at the area of interest 2) below the area of interest. Both cases are marked in the...

Umair88

4180: FATAIHI HOLDING GROUP has successfully broken out of a range as indicated by the rectangular box in the chart. The Price is bound for an upside move towards 1st resistance that is about 10% from the point of breakout. Enter long when price retraces back to the support zone with TP 1 = resistance 1, TP2 = resistance 2 and SL = below the breakout...

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7010:STC has followed a pattern since the end of February 2023. Upon hitting the bottom trend line, Price appreciated 15-25% in 85 calendar days. This pattern has repeated 3 times over the last year. Based on above observation, a long position can be opened once price hits the bottom trend line again. TP1: 15% TP2: 25% OR simply close the trade on the 85th day...

Umair88

4020: Saudi Real Estate had a successful bullish breakout of a symmetrical triangle pattern. Target price can be set as SAR 30, around 17.5% from the point of breakout. Set SL according to your risk management plan. Enter a long position once price retraces and retests the triangle pattern's upper side. Best of Luck!!

Umair88

Binance Coin BNB/USDT is exhibiting 2 interesting patterns at the moment on weekly timeframe 1. A Breakout and re-test of the weekly resistance (since ATH in May 21 to ATH in Jun 24). 2. Although not a perfect cup and handle pattern, yet if considered one, it shows a thrilling target @ $1000 (which is achievable in upcoming bull run) Best of Luck!!

Umair88

Historical 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...

Umair88

8010: TAWUNIYA has formed a cup and handle formation and a successful breakout of the pattern occurred recently. Long position can be taken with still room for 10-12% profit. Set SL below the breakout of handle Good luck!!

Umair88 Updated 

At the moment these are the bullish indications of TASI: 1. Taking support at 50% fib level of the uptrend that lasted from 24th Oct 23 to 24th Mar 24 2. Making a double bottom pattern 3. Taking support at an important support/demand level Is downtrend over?

Umair88 Updated 

EUR/USD has entered into a strong bullish after the recent breakout. Long position is recommended. The price will encounter resistances and supports all the way up to the target price of 1.11253. It may take 2 months from now to accomplish the target. We may have to wait until end of July Good Luck!!

Umair88 Updated 

BTC has currently been following Dow Theory as successive HH,HL are being formed. My opinion is to take a long position if today's candle closes above yesterday's candle (69289.67) My trade plan is visible in the chart. 2 Entries can be taken. 1st: when it closes above 69289.67 price. 2nd: when Resistance 2 is broken (71317.10) Good Luck!!

Umair88 Updated 

2082:ACWA POWER seems to have potential for a long position according to ABCD Pattern BUT once price crosses 'B' level i.e. 493.4 Buy @ 493.4 SL @ 456.2; TP @ 567.8 Risk/Reward: 1:2 Good Luck!!

Umair88 Updated 

Probability of the end of downtrend as formation of ABCD Pattern is completed. Price may get range-bound or an uptrend can begin. Watch out closely. Next week will clear the scenario.

Umair88 Updated 

ALASEEL created a HH,HL formation Entry is triggered at 5.19 as morning star candlestick pattern is formed at HL and trend line is respected Long Position can be taken with: SL = 4.99 ; TP = 5.78 Risk/Reward = 1:3 Good Luck!!

Umair88 Updated 

MIS created a HH,HL formation Entry is triggered at 164.8 as bullish candle is formed at HL Long Position can be taken with SL = 158.4 ; TP = 178 (ATH) Risk/Reward: 1:2 Good Luck!!