The TASI index is trading at high levels and is gradually approaching its historical peak.
The possibility of seeing a decrease in the price on the monthly frame exists, but it is not confirmed yet.
The daily frame indicates a close visit to the white lines, but the orange levels are also imp
ortant and must be visited. TADAWUL:TASI
Broke out its bullish flag and now in rectangular channel
SMA will become positive at 3 SR level
Flagpole length will take us to 4.5 SR
Rectangular channel hight will take us to 4.9 SR
Break through 4.90 SR level will open a new rising wave/rally
Rest of details in chart
Good luck!
Ascending Triangle Formation
Breakout Level 101
84 - 85 & then 80 - 81 may act as Good Support
Levels
75 Should Not be Broken!
& If 65 is Broken (in worst case), 25 - 26
levels will be exposed; which is less likely
as Weekly Bullish Divergence can be seen.
This idea for long term
Reinsurance stock broke out its cup and handle pattern
Promised to full-fill cup depth which about 315 %
Cup depth will take us from 26 to 85 SR
Good luck!
This analysis for short term idea and I will publish another idea for long term
Failed to break through its ascending channel
Now retesting the middle of the channel
Inside the channel just broke out its bluish flag and pending to full-fill its the pole length
Full-filling the pole length will take us to 30.30 SR which is the roof of the channel
After breaking...
Broke out it's bluish flag
It gonna turn positive after breaking through 4.90 SR
Current price 4.68 SR
Short term targets 4.90-7.15 SR
7.15 is ATH and its strongest resistant level
The stock is forming cup and handle pattern and 7.15 SR is its the neckline
Breaking through 7.15 will open a new uptrend rally to full-fill the cup depth which about 130 % to 18...
Technical analysis indicates that STC stock may decline soon
This decline confirms the formation of a negative technical pattern on the monthly and weekly frames, and it is expected to visit the area marked in white to complete the objectives of the descending wave. TADAWUL:7010
133 is an Important Level that
should be Crossed & Sustained
for further upside
On the flip side, 122 - 123 is
an Important Support that
seems to be respected
Double Bottom around 51
54.10 should be Sustained on
Weekly Basis for Further Upside
However, 55.50 is the Initial Resistance
Breaking 50.70 will trigger H&S Pattern
exposing 42 - 43
Investment Details:
- Stock: 4240 (Fawaz Abdul Aziz Al Hukair)
- Quantity: 2000 shares
- Purchase Price: 12.00 SAR
Review:
I recently invested in 4240 stock on the Saudi Stock Exchange, specifically in Fawaz Abdul Aziz Al Hukair. Initially, the investment seemed promising, with the stock priced at 12.00 SAR per share when I purchased 2000 shares.
However, my...
Broke out it's ascending channel and bullish flag
Bullish: SMA, EMA and vWAP indicates it's bullishness
Targets 285-340 SR
Support level and rest of details in chart
Closed at 977 (20-03-2024)
Bullish Divergence on Hourly TF
a Very Strong lies around 894 - 900
Entry can be taken with a Stoploss of 890
on Closing basis
The price action is rejecting from its supply zone and closed the day at 134.60. At present, support level lies in the range of 127-125 which is the test of ascending trend line. Exercise caution and monitor closely; failure to maintain this level could lead to further downside. On the flip side, upon confirmation of a pullback creates buying opportunity.
Currently stock is trading downward and closed the day at 30.30. Looking ahead major demand zone resides at 30. Sustaining said area will trigger bounce. On the upside immediate resistance lies at 32 which bulls need to take out to gain control, doing so will lead it towards 34 and even 35. On the flip side close below 29 will invalidate the view.
Alnahdi is targeting 200 long term
Alnadi is targeting 200 long term
Alnahdi is targeting 200 long term
Alnadi is targeting 200 long term
Alnahdi is targeting 200 long term
Alnadi is targeting 200 long term
