Arabia Pipes Co. (2200) is currently trading near its 10-year resistance level, indicating a significant price threshold. The stock has been forming higher highs, a bullish trend that suggests an upward momentum. Interestingly, the stock price is only 1.2% away from its 52-week high, which could indicate a strong market sentiment towards this stock. The demand...
Arabian pipes lonnnnnnng investment Now is 114 The key is 139.2 The PT1 403.2 PT2 651.4 The charit is monthly which means that taking a long time as years to reach the PT
bears are expected to take control for short term with confluence of evidence from divergence
It is on a bullish move but needs to be confirmed first. IT is only few points behind, and once hit, it will breakout! Targets as seen in the chart.
We are near a strong resistance level at the price 17, be aware of it because this level is much respected from the last year, but if we saw again a gap in the price with a break of the price 17, then the market will repeat the previous bullish channel ,with a high probability
buy after break the orange line 18.21 targets on the chart
the price will go up till hit the resistance line wait if there a pull back or breakout if it PB then go SHORT but if not then go LONG
Reasons for purchase: 1- 50 EMA GROSS UP 200 EMA 2- RSI made Top shape 3-Doji candle 4-The increase in volume ___ _____ _______ Take profit in the blue area. ___ _____ _______