2222 | Bullish Divergence SetupSaudi Arabian Oil Company displays a promising bullish reversal pattern characterized by the formation of bullish divergence with RSI. Our plan entails accumulating the stock within the designated buy zone (29.50-30 range), while setting stop loss orders below the bottom of support around 28.50. To guide our trading decisions, we've delineated two distinct targets: an immediate target around 33 at the test of trend line and a final target for exiting the trade will be around 35 depending upon break out.
2222 trade ideas
Saudi Arabian Oil Company (2222)Currently stock is trading downward and closed the day at 30.30. Looking ahead major demand zone resides at 30. Sustaining said area will trigger bounce. On the upside immediate resistance lies at 32 which bulls need to take out to gain control, doing so will lead it towards 34 and even 35. On the flip side close below 29 will invalidate the view.
Bullish on Daily TFInvestment Checklist
14.42% Expected Annual Return
Based on 1 year median target stock price of SAR 34.49 and annual dividend yield of 3.88%
Very Low Risk
This stock is 0.39x as volatile as the KSA
3.88% Dividend Yield
This stock offers higher dividend yield compared to the market dividend yield of 2.27%
DON'T BUY 2222Dear Saudi Traders and Investors,
Last week I posted that you still can't buy 2222 since it is heading down after that it pulled back on the resistance line at 32.10.
As I always tell you, don't buy stocks that will take your money. Get a consultation before you buy a stock. I get too mayn questions from people who bought at the wrong time an lost all their money.
Please don't buy wrong stocks.
In case you got any questions don't hesitate to ask!
DON'T BUY 2222Aramco (2222) is one of the stocks I recieve messages about from people who have bought and now they're in loss.
You can notice on the chart that the market is currently below the strong level we have at 32.10, for now there's nothing you can do about it unless your broker allows you to enter with short trades.
My private community and I cureently are not seeking to enter on 2222 and 1120 since all there are no buying opportunities on them, anyone who have bought in them will face losses during the next days.
Don't hesitate to ask if you got any questions!
DON'T BUY ON 2222Dear Saudi Traders and Investors, it's been a while since I last posted about any market.
Today I'm giving you some updates on Saudi Stocks.
Starting with 2222, as you can see on the daily chart, the price is currently on the tough support level we have at 32.85 with the highest volume we have in the period of the past 2 months. What you got to do now is you wait for the price to come back up with a confirmation of the pullback then you can get in with your position.
Don't hesitate to ask if you got further questions!
ARAMCO 2222 is preparing to cross 33.7, then 35, 36.7On the daily chart, ARAMCO 2222
is preparing to cross 33.7, then 35, 36.7
The stock may test support 33 - 32.5 then rebound.
Technical indicators RSI and MACD are supporting this view.
Above 37, the next target will be 43.5 (weekly range)
Stop loss at 32.5 - 32 should be considered.
Aramco has a potential to go up more and moreHello dear investor
As you see on my chart 2222 will probably raise to reach its 32.75 and 42 levels
Keep in mind that 2222 breaths its 50% corridor evolution so when we notice breaks out of these coridors it will reach the next key levels on blue color.
Remember dear ionvestors that I am not using cristal ball to predict future markets but I try to be more efficient and more rationnal.
Good luck and if you like my posts ecourage me and feel free to ask me analysis for any market you want
ANALYSIS ON 2222Dear Saudi Investors and Traders,
You can notice on the chart that the price made a pullback on the tough resistance level we have at 34.65 and now it's heading to the support level we have at 32.85.
For now don't buy 2222, wait for it to give you a sign to buy then get in the stock, otherwise you can buy on the other stocks on which you have good opportunities to take.
For further questions, don't hesitate to ask!