Saudi Aramco Base Oil Co. (2223 – Tadawul)Here’s a **Buy Plan** based on your weekly chart for **Saudi Aramco Base Oil Co. (2223 – Tadawul)**:
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## 🟢 **Buy Plan: Aramco Base Oil (2223) – Weekly Chart**
### 📊 **Current Market Context:**
* **Current Price:** 92.55 SAR
* **Recent Swing Low:** 89.00 SAR
* **Fair Value Gap (Support Zone):** 100 – 105 SAR (Approximate)
* **Major Resistance Zones:**
* **Zone 1:** 145 – 150 SAR
* **Zone 2:** 165 – 170 SAR
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### 📝 **Entry Plan:**
* **Entry Zone:** Wait for price to reclaim **100–105 SAR** (the lower Fair Value Gap zone).
* Entry Trigger: Strong bullish candle close inside or above this FVG zone on the **Weekly timeframe**.
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### 🎯 **Target Zones:**
1. **Target 1:** 127 SAR (First Fib level; short-term target)
2. **Target 2:** 146 SAR (Previous major resistance zone)
3. **Target 3:** 165 SAR (Higher timeframe FVG + Fib zone)
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### 🛡️ **Stop Loss:**
* **Below 89.00 SAR** (recent swing low)
* Conservative Stop Loss: 88.50 SAR
* Risk: Reward Ratio = Minimum 1:2
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### 📌 **Trade Conditions:**
* Price must close above **100–105 SAR zone** with volume confirmation.
* **No entry** if price stays below 100 SAR or forms weak candles.
* Add position only after a **weekly candle closes bullish** in the FVG zone.
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### 🧠 **Strategy Reminder:**
* **Patience is key** – avoid early entries.
* Wait for **higher timeframe confirmation** before executing.
* Monitor for **lower timeframe bullish structure** after weekly reclaim.
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