Immediate Resistance is 4.25 and then 4.41 Breaking & Sustaining this level will lead it towards 5.30 initially
The stock is preparing for a strong move up to above 4.. absorption completed .
Test chart for practice only This chart not for entry only saving to see how wrong is my drew Thanks
Test chart for practice only This chart not for entry only saving to see how wrong is my drew Thanks
Levels shared on 25-03-2024 played well. 256 was broken & it reversed from 232. ABCD Pattern will triggers 300 is Crossed. Crossing & Sustaining 300 will lead it towards 350 then 400 On the flip side, Should Not Break 252 on Monthly Basis
1322 AMAK D1 - 6/5/2024 (TASI Market): Elliott Wave Trend Analysis Harmonic Regards,
I believe absorption completed and moving up to 104 is soon.
We will see an important correction on Saudi Aramco TADAWUL:2222 very soon . Sell or consider taking some of your profits or most of them to buy at cheaper price . We will very likely drop to around 22 on this stock very soon .
Introduction: The Tadawul All Share Index (TASI) has witnessed a notable decline recently, prompting investors to seek insights into the factors driving this downturn. In this analysis, we will explore various elements contributing to TASI's downward movement. Technical Analysis: Breakdown of Support Levels: TASI has breached critical support levels on the price...
Diamond pattern with intense low volume trading just recently made a breakout
Entry can be taken at CMP or around 59.50 with a Stoploss of 57 (closing basis) However, more secure Stoploss would be 54.50 (on closing basis) For Daily + Weekly Cup & Handle Targets, Important level to Sustain is 62 - 64
Entry can be taken with a Stoploss of 135 on Closing basis However, Closing above 139.60 - 140 is a Positive Sign 144 is a Very Strong Resistance Risk Averse Players may wait to Cross & Sustain 144; Next Important Resistance is around 147 - 148
However, Bearish Divergence is also Observed on Weekly TF ABCD pattern completes around 35 - 36 along-with bearish divergence makes this level bit shaky at the moment for new entrants. 32 - 33 Levels may act as Support but we Need some Confirmation there. However, Crossing & Sustain 36 would move it Further Up; may be up to 39 initially & then 44 - 45
133 is an Important Level that should be Crossed & Sustained for further upside Initial Targets can be 144 then 158 & if 158 is Sustained, we may witness On the flip side, 129 then 122 - 123 are Important Supports that seems to be respected
The price action is in uptrend making higher highs and higher lows and currently pulls back from 100 day EMA and currently testing 50 day EMA and closes at 942 in the last trading session. Initial resistance lies around 1,000 and secondary resistance lies around 1,120, upon breaching these levels the stock has potential to make more higher highs. Use stop loss...
Saudi Research and Media Group displays a promising bullish reversal pattern, currently its sustaining its support level of 235 which is 50% Fibonacci retracement. Our plan entails accumulating the stock around 235, while setting stop loss orders if the support breaks to manage risk effectively. Initial resistance lies around 259 and secondary resistance lies...
Price took a correction and is taking support from golden pocket Breakout of Descending parallel channel is observed Retest of breakout is expected after pullback from resistance line Take entry for TP until trendline resistance Another entry after breakout of trendline resistance
Price is in downtrend but it took support from long term trendline support Price is touching a resistance Watch for breakout A safe entry is after 53.3 resistance breakout Trail SL after breakout