#tadawul #TASI #squeeze #pullback #downtrend The red line identifies a probable zone of squeeze and pull back. If it is broken down, there is strong probability to see the price going down further. The blue up trending line and the two other blue horizontal line helps you to get the story for a day trader on the TASI. After a super squeeze, the market price went...
Tasi will go up next few weeks **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.
We need to wait further more until the market reach the range of the oversold profile then we can spot a good buy entry and take a wise investment
For now, we can't take accurate decision to enter in a buy position because we are in the middle of the recent price change action, I suggest to wait until the test at the oversold situation ( the green support ) and then we can buy after the market confirms our view
The Market now is testing the 50% value of Fibonacci retracement, for now the market is trying to go up to the level of 61 but anyway this recent bearish move is very significant and powerful and it's very hard to judge that the market will go up
Normally we should try to spot a buy position, now the market will be in a corrective wave and might go to test the green trend line below with a high probability, we saw the same respect toward the red trend line which is a clear rejection and the market want to go back, THE GREEN TREND LINE CAN ACT AS A MAGNET!
The market will return again to the previous channel and will be in a sideway position with a high probability, also we have candles with small bodies within the resistance level and then we saw a red engulfing candle with a message, that is this resistance is a solid one and can't be broke, so we can enter short and put our target within the level of 7544.337
The market will return again to the previous channel and will be in a sideway position with a high probability, also we have candles with small bodies within the resistance level and then we saw a red engulfing candle with a message, that is this resistance is a solid one and can't be broke, so we can enter short and put our target within the level of 7544.337
Please share with me your thoughts, kind regards,
Please share with me your thoughts, kind regards.
Please share with me your thoughts Regards
Tadawul index is under pressure and in a range after heavy sell off triggered. Its been in this box for a while now and after 2 doji days i think either it should breakup or retrace from here and retest the bottom of the box area. Though still in a range but highly trade able as the range is big and looks juicy. In my opinion it will break up testing the 200 ema...
Thanks for your like! Please also share to benefit the most! Much appreciated! _______________________________________________________________ The all Saudi Arabian shares index TADAWUL have seen first an acceleration of the fall to finally recover a little bit lately. Now in a narrow range, we can see that it is framed by a wider range still legit. Zone 1...
If the prices break the 11.76 resistance, we look at TP at 12.3
The TASI index is giving signal for a bullish market ahead of the coming week. This following the consolidation at 50% retracement as well as the latest info of open line of credit for KSA .
TABOUK CEMENT CO - TADAWUL going long..but must be careful because the trend of TASI is not strong yet...