AL RAJHI BANK - 1120 - Testing Trend Support and expected to re-bound.
The 15th of February , TADAWUL:1120 has broken above a key level (153.2) with huge bullish momentum , which triggered a sudden spike to around the 170 . After the quick spike ,price pulled back down to the 150.5-155.5 area which is an ideal buy zone with strong demand . Actually price is very likely to go up to the 179-180.5 area ,with the...
strong bullich signal.to keep in portfolio.<STRONG VOLUME.BOUGIE VERT FOR BUYERS.
Its been in a range for so many weeks now, interesting part is its consolidating right near the resistance area that is around 150.00 if this rectangle breaks to the upside this would be a good buy chance. For now its in a no trading zone lets wait for the breakout candle. Hit like & follow guys ;)
Candle says that the buyers are squeezed with the force and we expect a bearish market next weeks so if you hold this stock you'd better close the position. SELL WITH 80% OF PROBABILITY
The Rajhi bank in an up trend, and this up trend are strong as we see in the chart there are five pull backs for testing this trend line but there is any break of this trend at the moment, so this up trend are strong. All of that indicate to keep Al Rajhi Bank in the portfolio.
AB=CD, A bullish trend is expected showing resistance at fib .618
Al Rajhi Bank continue to make new highs Bullish Indications 1- Dow: Series of HH and HL in continuation 2- Candle stick: Inverted Hammer 3- S&R: Trendline support 132 4- Fib Retracement @38% (132) @50% ( Bearish Indications 1- 3 black crows at top 2- If fib level of small parabolic move @68% (132) and trendline support at same level are broken, then trend...
AL RAJIHI BANK hight probability if the highest level is broken : if the 142.81 is broken we will probably reach the 149 and 157.6 however, the opposite is far from being achieved with a low probability. thank you NB: please remember that we do not have a cristal ball predicting markets future, we try to be close to possible scenarios in order to react...
Knowing the next market trend BY PITCHFORK INDICATOR follow and like for more ideas
price is sitting around a trendfollowing. we also have a divergence on macd . waiting for the price to break the trendline to sell .
AL RAJHI BANK is keeping up great upper momentum so the position is to keep in the portfolio
hello freinds this chart we show that the market will know with a fort probability an uptrend on a next weeks cordialy
Simple technical analysis of Al Rajhi bank.
Today we have a big chance to make some profit if we buy 1120. You can see my explanation on the chart . YOU CAN CONTACT FOR MORE INFORMATION: othmanejad00@gmail.com