I would like to share my analysis of this stock, which I have been following since September 2022. The price is currently in a zone that has a high probability of initiating a countertrend and starting an upward movement. I see the downside target at 16.46.
Please note that the current time might not be the best for entry, but I decided to share this analysis for those interested in following this stock. I have included an explanation in Arabic on the chart that explains how to enter the specified area, hoping that the explanation is clear to everyone.
Please be aware that I have not read the financial statements or any news about the company at all, as I do not have the time for it. This is your responsibility.
I welcome any inquiries or discussions about this analysis.
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Be close
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we hit the target, now im looking for entry conformation.
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Really nice movement today.
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Be aware this is long term analysis. It’s not for short or mid term.
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First entry today. It’s for long term holding. I didn’t get confirmation for D timeframe yet. But there is something in lower timeframe. Also we reached our downtrend. That why i entered today without SL until i get D timeframe confirmation. I will keep updating this analysis until the end. Not a financial advice.
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16.10 my second entry. If we go higher than 16.50, my stop loss will be 15.69.