Tadawul All Share Weekly Index - SAUDI ARABIA
11th April, 2021
As shown the Index is in multi year
correction from historical all time
high around 20000 mark.
Possible wave count suggests
one more leg down to as low as
6000 area may seen. The forthcoming
down move may coincide with
lower oil price and lower US,
Europe and other world...
hello dear traders its been along time, as we see BTC had made a very massive bullish trade last months, but after hat directly BITC LOSES about 20% of its value, but why ? we all know why, but what its more important is net step of BTC :)
AS we see we will have one of those scenario A or B , but both of them they have same end which is to reach +46000e,
A difficult call here after clearing OPEC manoeuvre. Of course the supply sacrifice was possible, but the shallow support is now completely cooked in the price. For those tracking the full OPEC moves:
The Saudi mining company, MAADEN price-action level chart has been performing greatly for us since we first entered after the test of L3 and sold 50% at H2. We resized after successful testing to H3 and our current average is 39.50.
Looking for our interim target to be met at 45 and projecting 48 with possible outperformance to 50. Keep watching!
For Tihama the good thing to do is to follow the Fibonacci extension to well measure the extension of the current bullish move, so normally we should close at the level 63,09 or 64,64 and you can see that it match up perfectly with the resistances, but what is more logical in my opinion is to close at 63,09? SO STAY IN YOUR POSITION
I think that we are in a good place to buy but all we need is that the price must be up to 13,31 and then we can enter and put at least the level 14,07 as a target and it may vary regarding the behavior of the market in the next week
3003 Stock will go up next week.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
After analyzing this bullish move we can state that the market really want to continue the uptrend and we are will supported also with the volume
I think that we can enter in the market, we can expect that the market will go up until the test of the red resistance trend line
After seeing this strong bearish wave, it seems that we have difficulties to define the next trend of the market and also we have a lack in the volumes but anyway, we draw now this sideway range to tell that the market need to break the up of it and then we can buy, but if the market breaks the down of it then maybe we will comeback to the normal price variations.