MoathSaleh

STC Solution | 7202 #TASI

Long
MoathSaleh Updated   
TADAWUL:7202   ARABIAN INTERNET AND COMMUNICATIONS SERVICES CO.
Entry 333 as my opinion
stop loss 320

it shows as in the chart of ABC correction is correct which indicate that coming wave is beginning
Trade active:
another entry for wave 5 is between 355 and 350
Trade active:
confusing today's candle, but we will stick with our analysis
Trade active:
The next day's candles are going to be exciting.
You can take a look at my previous published analysis.
Trade active:
For some confusion with some traders, the 4th wave correction will be horizontal, the opposite of wave 2.
This explanation demonstrates what happens in the moment.
Comment:
Last week was a long and tough one, wasn't it?
Trade active:
Stop loss is closing below 344, or now for the traders who don't want to take the risk and keep their profits.
In my opinion, those giant candles are not much better.
You may take your head capital out and go further with your profit.
Trade active:
The trade is still active at the previous points.
This is an experiment in applying trading principles, with full details and explanations for each step.
Traders who start trading this stock see it as their opportunity to gain profit, but the real reason is how to act, where to buy and how to make a decision.
Trade active:
Yesterday's candle was interesting, so we will see what happens today.
Trade closed: stop reached:
stop loss is activated, therefore, deal is close.

The profitable entry was from the 3rd wave, and the 5th is set with a stop loss, however, it might be there reflecting, but we are not speculating with probabilities because we are committed to our points.

I hope someone learns something.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.