THE POWER AND WATER UTILITY COMPANY is gonna still falling for more amounts before the taking off up
Marafiq is a utility company in Saudi Arabia trading under the ticker 2083 on the Saudi Stock Exchange. Founded in 1983, it's primarily owned by the Saudi government and Saudi Aramco. The company specializes in electricity and water services, focusing on the industrial cities of Jubail and Yanbu. Key stats as of September 12, 2023: - Share Price: SAR 67.20 -...
🚀💧📈 Exciting News for 2083! The Power and Water are Gearing Up for Bullish Trends 📈💧🚀 Based on Smart Money Concepts! Get Ready for an Attractive Opportunity! 💰🔥👀 #InvestmentGains
The power and water company for jubail & yanbu (2083) Trendlines can create a sense of support or resistance for traders. When the price reaches a trendline, traders may be more likely to buy or sell, depending on the direction of the trend. This can create a self-fulfilling prophecy, where the price actually does follow the trendline. The price may break through...
Price is near Trendline Resistance. Bulls need stronger push for breakout. Price is expected to take correction (RSI, Hist Bearish divergences 1D, 1H) Accumulate now and if the price goes down for a long ride (Aggressive entry) Enter after breakout of trendline resistance (Conservative Entry) Ride with trailing stop loss.
Price at All Time High Formation of HH, HL Strong Bearish Divergence (Hourly TF) Wait for HL formation for entry Ride the trend with Trailing stop Loss
Marafiq 2083 1D Setup 1- Trend is bullish and Fib golden pocket is respected so it is expected to start the next bullish ride from here 2- support is at 50 and resistance is at 52, expected to go till 55 at least Entry 51 SL: 49.55 TP1: 52.30 TP2: 54
Already taken a good upside Continuation is expected Short trade until an important resistance Watch for breakout for new entry Trade with proper SL Manage your risk
Marafiq is a very good company for long term Investment For Long term Investment SL is 43.9 For short term Entry 47.7 SL 46.7 Trailing SL for Trending purpose
Reaching top of Triangle Watch for Breakout/HH (Aggressive Entry) Trade at Retest/HL (Conservative Entry) Trade with stop loss
Triangle Pattern formation Price is touching Bottom Leg Expected short term and long term TP levels are specified TP1 Watchout level for further trade Trade with stop loss and trail stop loss for further continuation