The chart has a technical model as shown . A successful breakthrough of 111 is ✅. The stock might retest to that point (111) and then rebound to the target 121
TADAWUL:TASI
Harmonics pattern drawn on TADAWUL:TASI shows the bullish trend till 11100-11200.
Bearish reversal zone may start from this zone and may correct around 10960-10860.
After taking correction, #tadawul will continue its move towards 11625 as showing strong bullish trend.
The stock has a great potential to lead the price to 23 but it is important for the confirmation line, a H&Ss neckline, to be crossed up first with decent volume.
as you can see the large pattern over a long period since 2006 is in an uptrend direction and the 1st target between
11465-11939. if it can't break this and closes above it will go back again to 9930 otherwise all indicators and pattern says the long target will be between 17000-19000 over 2 years on December 2024-2025
this is just the opinion of the writer...
This stock is trying to go above the resistant which was a support before. If it happens to cross above then it has the targets highlighted in the chart.
We are here in a trading range situation. Neither the buyers nor the sellers have the reason why the vwap indicator at times turns white.
However, if the resistance line is forcefully broken by a large green candle and followed by large green volume then we would have a high probability of the market going higher. Moreover, if we have the breakout of the vwap...
On 2020 we have a sell idea as you see on the chart because we have the breakout with force the vwap indicator by a big red candle with a large red volume.Thanks!
Americana company was listed in Tasi market last couple months. It have an minor impulse wave ended last week. Now, I see a correction ABC targeting 3.33 for Americana. On that level ( depending of the market way ) I see a golden chance to go long targeting 5.5-6 as a third impulse wave.
By Gann's methods I see 7th Mar and 23Mar are important dates.
