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House-of-Technicals
Apr 17, 2024 7:55 PM

Trade Wisely 

ALMUNAJEM FOODS CO.Tadawul

Description

Bearish Divergence on Daily TF but Bullish

However, Bullish Engulfer is expected On Weekly
basis if Closes above 111.50
Making HH HL on Daily TF

111 - 112 can be a Good Support area to
take Risk if we can see few Bullish Candles at
this level

100 can be the Stoploss level on Closing Basis

Comment

111.50 sustained on weekly basis
Today's High 119.80 🤷‍♀️😇
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