Levels playing wellBullish on Weekly as well as Monthly TF Crossing 179 will lead it towards 200+ then 250 149 is a Very Strong Support that should be Sustained on Monthly Basis However, 155 then 140 - 141 may act as Weekly Supportsby House-of-Technicals0
Important levelImportant Point as shared on 21-04-2024 is Still Valid. however, breaking 4.60 will expose 4 - 4.10by House-of-Technicals0
4200: High probability of an uptrendWe have a high probability of having an upward trend as you can see on the graph if and only if all the analysis conditions are met.Thanks!Longby PAZINI191
2060 Al Tasni Company Summary 2060 Al Tasni Company, currently priced at SAR 11.40, operates in the petrochemical manufacturing sector. The stock is forming a price range between SAR 11.10 and SAR 11.60, presenting a potential entry point for investors. With a 52-week range of SAR 10.40 to SAR 15.50, the company has shown volatility influenced by market trends. It maintains a robust balance sheet with healthy cash reserves and manageable debt. Recent financial results indicate consistent revenue and profitability. Analysts rate the stock as a "Buy," with a 12-month price target of SAR 14.00 to 17. A Key growth drivers include expansion plans, new product lines, and strategic partnerships. Investors should monitor global oil prices and regulatory changes in Saudi Arabia, while considering a stop loss at SAR 10 to manage risk.Longby DrSaud10
4200:Buy ideaBuy idea on 4200 as you see on the chart after the breakout with force the vwap and the resistance line by a big green candle follow by a large green volume. Thanks!Longby PAZINI19441
A technical look at the stock chart for STC Saudi ArabiaTechnical 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 Shortby CRYPTOMMSUpdated 1
4012: ALASEEL Long PositionALASEEL created a HH,HL formation Entry is triggered at 5.19 as morning star candlestick pattern is formed at HL and trend line is respected Long Position can be taken with: SL = 4.99 ; TP = 5.78 Risk/Reward = 1:3 Good Luck!!Longby Umair88Updated 0
Alahli Bank to all time high as you see in the chart everything is clear i hoop to activate the SL NO jokes with STOP LOSE we will change the SL soon when we get some confirmation in the chart. GOOD LUCK & TRADE SAFELYLongby Ahmed_AlshammariUpdated 2
7203The price is currently testing 200 day EMA with the closing price of 842.4 in the last trading session. Moving forward, if this level sustains then a possible pull back can be seen in its price with the initial resistance lies around 954 and secondary resistance level lies around 1,003. Use stop loss at 815 just below the recent low.Longby mbaberhanif1
2381Arabian Drilling Company is in a down trend since 18th March' 2024. Currently it is testing its demand zone around 136 and RSI indicator is at over bought level and the doji candle formation is observed which indicates a bullish reversal from this level. Use stop loss below demand zone at 130. Initial resistance lies around 148 upon break and sustain secondary resistance lies around 156.2Longby mbaberhanif1
2222: SAUDI ARABIAN OIL CO. Probability of the end of downtrend as formation of ABCD Pattern is completed. Price may get range-bound or an uptrend can begin. Watch out closely. Next week will clear the scenario.by Umair880
7200: MIS Long PositionMIS created a HH,HL formation Entry is triggered at 164.8 as bullish candle is formed at HL Long Position can be taken with SL = 158.4 ; TP = 178 (ATH) Risk/Reward: 1:2 Good Luck!!Longby Umair88Updated 330
2082: ACWA POWER LONG POSITION2082:ACWA POWER seems to have potential for a long position according to ABCD Pattern BUT once price crosses 'B' level i.e. 493.4 Buy @ 493.4 SL @ 456.2; TP @ 567.8 Risk/Reward: 1:2 Good Luck!!Longby Umair880
Though Still in Downtrend but Though Still in Downtrend but Bullish Divergence on Daily TF. Seems like taking Support from 17.14 which is 78.60% fib. retracement level. Entry can be taken at CMP with a Stoploss of 17 (on closing basis) targeting 18.50 - 19 initially which is again 61.8% fib level.2by House-of-Technicals0
SAUDI ARABIAN OIL (MAY 2024)as it is outlined in the chart the price is more likely to visit around the black line before collapsing to our target (outlined in the former post)by mohcineami3
Saudi arabian oil monthly chartit is better to wait for the price to go to the outlined target for a good opportunity to buyShortby mohcineami0
Arabian Drilling - Time to buyaccording the the doubled channel, we are at the bottom and it is expected to reflect until 1602Longby majed_3330
#ALMARAI_#BEARISH TRENDLooks like Bearish trend will continue for a little while based on the current chart pattern. Possible entry point can be seen in the chart highlighted in Blue and with red. #DYOR (Do your own Research)by Humza_Mehtab0
Buying AramcoBuy Aramco as described in the analysis provided and follow the steps specified in Stop Loss and Take ProfitLongby aboubakkrhajjamielidrissi0
2001 reverse area to create a high trend?Hello everyone, I would like to share my analysis of this stock, which I have been following since September 2022. The price is currently in a zone that has a high probability of initiating a countertrend and starting an upward movement. I see the downside target at 16.46. Please note that the current time might not be the best for entry, but I decided to share this analysis for those interested in following this stock. I have included an explanation in Arabic on the chart that explains how to enter the specified area, hoping that the explanation is clear to everyone. Please be aware that I have not read the financial statements or any news about the company at all, as I do not have the time for it. This is your responsibility. I welcome any inquiries or discussions about this analysis.Longby Ahmed_AlshammariUpdated 3
4031: Rebound from SupportPrice has touched support level and started taking a ride until specified resistance level price moving in a range bound Support and resistance levels are specified for short term trade Enter more after breakoutLongby YASIRWA2
2281: Tanmiah (Rebound after correction)Financial results show disappointment for the traders in Tanmiah Cost has taken a correction (78.6% fib levels) Price appear to be taken support from Volume Profile (POC) Trade with specified SL (or even tighter SL) TP levels are identified.Longby YASIRWA331
LL on Daily TFTo Continue the Bullish Trend, it should cross & sustained 36.10; the target would then be around 44 - 45. Recently, it made a LL on Daily TF. Now 32.60 - 33 should be Sustained, otherwise the price will move further down towards 29.80by House-of-Technicals1