2190: Watch for Breakout2190 has reached Triangle Top (Trendline resistance) breaching a descending parallel channel resistance recently.
Watchout for the breakout of resistance.
Levels are marked.
Manage your risk with proper SL.
Enjoy the ride!
2190 trade ideas
Morning Star formation on Daily TF but..Morning Star formation on Daily TF.
Monthly Closing above 29 would be a Positive Sign.
However, 28 - 29 can be a Good Support Zone.
28.50 should not be broken, otherwise further
Selling Pressure can be witnessed.
On the flip side, 32 - 32.50 is an Important Resistance.
However, only Morning Star formation is not enough, because
it is currently at Strong Resistance around 32 - 32.5, so
let it sustain this level.
Sustaining this level may give 2-4 riyals gain.
Double BottomDouble Bottom with Bullish Divergence.
34 (if sustained) can be a Good Entry Point
with a Stoploss of 31.
21902190 is trading in fine bullish trend and maintaining well the bullish trendline.
Whenever the price retest the bullish trendline buyers are attacking aggressively, which can be seen from the chart.
Currently the price is above trend line and touching to the inclining trendline around 21.50 ( considered for long position) and again it is being expected that the bulls are ready to attack. Risk is defined below 18. Wait for confirmation candel when price touches trend line around 21.50
Sisco might carry on upside I can see a flag pattern which is continuation pattern .. The target Target and the stop loss is on the chart.
TASI: Saudi Industerial 2190 1H setup4300 1H Setup
1-Trend is bullish
2- volumes are high
3- Next resistance is at 29.01
4- next support is at 27.15
5- RSI is overbought but going back into 70
6- expected to have small retrace or stay
in this level for few days and then take bullish run
7- alerts are added to get entry at the right time
I recommend 2190 for purchaseHello guys , according to my graphical analysis of SAUDI INDUSTRIAL SERVICES CO. , there is a high probability of an increase towards over 38$ in the next few days
