METHANOLin the annual time-frame:
if we assume this correction to be the 4th phase of an elliot move
then this wave should not enter the domain of the 1st wave
and I expect the correction to end very soon.
−1.47SAR
206.428MSAR
1.077BSAR
63.62M
About METHANOL CHEMICALS CO.
Sector
CEO
Sabri Abdullah Al-Ghamdi
Headquarters
Jubail
Website
Founded
1989
ISIN
SA124060V8H1
Methanol Chemicals Co. engages in the production of methanol derivatives. Its products include aqueous formaldehyde solution, urea formaldehyde concentrate, hexamethylene tetramine, paraformaldehyde, urea formaldehyde powder resin, melamine formaldehyde powder resin and melamine urea formaldehyde powder resin.The company also produces sulphonated naphthalene formaldehyde liquid, sulphonated naphthalene formaldehyde powder, sulphonated melamine formaldehyde liquid methanol, carbon monoxide, monomethylamine, dimethylamine, trimethylamine, dimethylformamide, pentaerythritol and sodium formate. The company was founded on August 1, 1989 and is headquartered in Dammam, Saudi Arabia.
The Great MethanolMethanol has not experienced much price correction
I expect another 41% drop in the price in the medium run of the time.
there is a red aggregate of ichi cloud below that is untouched by the price & it idicates that the price has an inclination to see that level.
2001 | METHANOL CHEMICALS CO | 1DIts in downtrend, making lower highs and lower lows. From 2 days bulls are trying to push price upwards.
# Bearish Indicators
- Downtrend LH & LL
# Bullish Indicators
- Hammer candle
- Bounce from Trendline support
# Trade Plan
👉 Entry: 25.3
💰 TP: 26.03
🚫 SL: 23.77
2001 Stock To Sell From Portfolio!Hello ladies and gentlemen, according to my graphical analysis of METHANOL CHEMICALS CO ,I recommended to close all long position in your portfolio because 2001 stock is showing a sell signal so this is the best time to close all long position in portfolio!
What a RUN!!very nice stock in a strong bull run also it hit 52 weeks high. Once a stock hits all time high there are very good chances that it will continue flying higher. If from Sunday over all market is positive this stock will surely grab many eye balls and go up. Very Bullish!!!!
Hit like & follow guys ;
WE STILL HAVE FRESH BREATH TO REACH THE TARGET LEVELthis is an analysis for one of the best SAUDI ARABIA STOCKS,
stay a buyer
Methanol Chemicals - Tadawul - Possible Wave 3 :) Hello Traders;
As you can read from my chart, we might be at the end of Wave 2 and possible wave 3 starts; placing a buy stop on 8.06 SAR with loss top on 7.78 SAR. Wave 3 is only confirmed when a new high is achieved :)
Happy freaking trading :)
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