Falling Wedge Pattern Watchout for Breakout Retracement from Golden Pocket considering Rally from Covid-19 and retracement HH, HL formation until top of falling wedge Resistance Bulls need to take control for further ride and breakout Entry at current level (Aggressive) or Watch for Breakout Stop Loss is specified Fib/Horizontal support Levels are specified...
Al rajhi bank 1120 bullish double bottom target 82 stop lose 72
Analysis based on support and resistance and Elliott wave. Shaded area in red should be monitored for price action to buy.
We will have a big probability of an uptrend after the breakout with force the resistance line by a big green candle with a large green volume. In other, hand we will have a reversal trend if we have the breakout with force the vwap indicator and the support line by a big red candle with a large red volume. Thanks.
As you see on the chart we are in an uptrend and again we would have a continuation of this uptrend because the buyers forcefully broke the resistance line by a large green candle and accompanied by large green volume. Thanks..!
Potential Harmonic Pattern Targets are shown on the chart.
Al Rajhi stock is likely to rise after slow trading over the past period
Descending Parallel Channels suggest continuation of bearish trend. Long term Buy: 82.50 --- 85.50 TP for Long term: 88.70 -- 93.40 Short Term Buy: 83.81- 84.95 Short term TP 1: 85.76 Short term TP 2: 86.88
There is a high probability to short Al Rajhi Bank for the next days Stop loss : 82.38 Target : 75.27
shorting opportunity for Alrajhi bank (1120.SR): target to be set around 72
buy and sell prediction , while banks not trusted ?
Hello ladies and gentlemen, according to my graphical analysis of AL RAJHI BANK, there is a high probability of a decline towards the 68 SAR level in the next few months!
The price broke the formed cup and handle, and it's above 50EMA with positive indicators for up trend. simple and compact Comment, Like and Follow for more!
I see in an analysis of the stock of a company that has a high probability of rising to 100 Saudi riyals
#1120 Al Rajhi Bank. Bullish Shark. Usually shark target is 0.5 fibonacci back move
(1120) ALRAJHI BANK in the future this chart will be updated, if you want me to analyze your stock feel free to contact me private {"_"}.
I have found this harmonic pattern with high possible to happen.