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
Saudi Telecom shares are witnessing a downward trend towards level 61 and if this level is not strongly broken, then we will buy as soon as the market rises and break the level 100 and the target will be level 161.
The second scenario "which I wrote previously" could be valid, which we are in wave 2 and should see wave 3 coming.
When the price reaches 7.40 Saudi Riyal, we should respect the bullish bar on the monthly chart,...
Previously I built up positions that Saudi Re should starts a WAVE 3 up, our analysis were wrong, and we saw that it created a new low. There are two scenarios, I will speak about the first, which looks like most probable so far
Saudi Re is in the third wave down, and it should target a target zone of 4.00 Saudi Riyal. We short...
Our first analysis about TADAWUL:8200 was that we were in the process of developing wave 5! I guess we were wrong!!!! Since Nov 2017 and things became more obvious, we are certainly in the process of Wave 3, it is still developing! which we expect a very powerful uptrend, nothing can stop this trend!
We should be targeting between 13 to 17 SAR...
Hello All TADAWUL:8200
Just to define the elliot wave on Saudi_Re TADAWUL:8200 , We can see the correction ABC is over of the 4th wave, and we should expect the 5th wave with a target of 12.00 SAR minimum :)
My other thoughts is the whole wave is considered 1 :) we could be in the third wave of some degree :)