Bullish Indications
1- Bullish AB=CD complete @ 66.90
2- Major support @ 66.90
Bearish Indications
1- Dow: Series of LL and LH following downtrend
2- Trendline support
Plan A
Short @current price SL @ 72
TP1@66.90
TP2@62.90
Plan B
Long @66.90
TP1 75.90
TADAWUL:1211
The Saudi mining company, MAADEN price-action level chart has been performing greatly for us since we first entered after the test of L3 and sold 50% at H2. We resized after successful testing to H3 and our current average is 39.50.
Looking for our interim target to be met at 45 and projecting 48 with possible outperformance to 50. Keep watching!
1211 Stock wll go up next few weeks.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Saudi Arabian Mining Co. engages in the exploration and development of mineral and metal resources.It mines gold, phosphate rock, bauxite, low-grade bauxite, kaolin and magnetite.The firm also involves in aluminum projects, such as automotive heat treated and non-heat treated sheet, building and construction sheet and foil stock sheet.The company was founded on March 23, 1997 and is headquartered in Riyadh, Saudi Arabia.
TADAWUL
