ABCD Pattern
Closed at 7.15 (02-06-2025)
Crossing & Sustaining 8.52 may
lead it towards 11 - 12
In the midway, if 7.62 is Crossed with
Good Volumes, we may witness 10 - 10.20
initially.
1303 trade ideas
Flag & Pole Pattern observed for 1303 on Weekly TFFlag & Pole pattern observed for EIC 1303 in tadawul. If price breaks this channel 7.31 & sustains above 7.47 then it could go up to 8.07, 8.65 & 9.12. SL of 7.09 can be placed for good investment returns.
Uptrend Continuation...?Though it has Broken the Parallel
Channel but there is Bullish
Divergence on Hourly TF.
However, there is a Tweezer Top
Candle formation on Weekly TF.
So if 8.70 is Crossed, we may
aww the Trend Contiuation.
Good Support seems to be around 7.60 - 7.80
Immediate Resistance is around 8.70 - 8.90
Making HH HL on Weekly TF
Bullish on all Time Frames
However, Slight Bearish Divergence on
Weekly TF is also observed
1303: Dow Theory HH, HLClassical Dow Theory; Formation of HH, HL
Taking rest for a while
Entry now or after support
Enjoy the trend
electricalit's obviously going up but since this action happen
so there would be a crashing down even for a short-term
1303| ELECTRICAL INDUSTRIES CO.ELECTRICAL INDUSTRIES CO.
Bullish >> strong buy
Next Targets/resistance: 4>> 5.15 >>6.30 >>7.70 >>10
Support: 3.20>> 2.20>> 1.75>>1.05
Trending in ascending channels mid of the channels @ 5.15 and top of the channel at 6.30
Good luck!
analysis of ELECTRICAL INDUSTRIES CO. in saudia market 1303analysis of ELECTRICAL INDUSTRIES CO. in Saudi market 1303
it is bullish until the area shown in the graph
Ascending Triangle Break Out Confirmed Ascending Triangle Break Out Confirmed, almost 24% ROI are Expected
