Tanmiah earlier broke ATH and took correction Price is moving in descending channel, however, price has reached a significant support level golden pocket (fib level) confluence breakout will be bullish flag formation Morning star formation at support level is positive for bullish trend after correction Entry at current price or after breakout of channel...
Bearish reversal pattern in Tanmiah (Tadawul 2281) observed with a double top pattern visible favorible for shorting.
Weekly Resistance seems around 163 -165 Important Weekly Support lies around 135 - 136 & then 121 - 122
TANMIAH FOOD CO Broke descending triangle Bullish signal: Buy Next targets: 135 > 150 > 170 Good luck!
After major correction (series of LH, LL), 2281 has started formation of HH, HL (Bullish Trend). Price is ranging in a descending parallel channel. Breakout of parallel channel top, formation of another HH can be a profitable trade. Ride with trailing stop loss.
Dear Saudi Traders and Investors, I'm sharing with you this analysis on 2281 since I got questions if it's time to buy it or no. For now don't buy it until you get a confirmation of the pullback on the support level it just pulled back on to reach the level 0.5 of the Pitchfork. Don't hesitate to ask in case you got any question!
Alsalam 3alikom, I hope you are Fine! The graph highlights good things here, we had the FVG 4h in the Discount area which shows good price at 134 daily and good price above it weekly. Good Luck :)
Price is at the lower channel boarder price tested 200MA and bounced again expected to go up Like, Support and share your thoughts Trade wisely
Price has taken support from important zone Trednline, Horizontal Support confluence Price is in Uptrend (Formation of HH, HL) Completion of AB=CD targets New formation of AB=CD in process Cup & Handle formation is in process SL and TPs are specified Ride the trend with trailing SL
Running in parallel channel (Hourly TF) after an uptrend. Signs of accumulation breakout from trendline is observed with good volume. Short term trade with tight SL can be taken Good long term potential above parallel channel top
Price is moving in parallel channel for a while (accumulation) Bulls need to breakout for Long setup Rising Wedge formation is in picture HH, HL formation continues in higher timeframe Entry after breakout of channel can be taken for a Good Risk Reward Ratio Trail Stop Loss
A good Potential setup with good Risk Reward Ratio Setup Short-term trade until TP @ top of Triangle/Pennant Long-term trades with trailing stop loss and identified TP levels
FIB retracement levels will be buying points Level 1: 106.38 level 2: 97.67 TP 1: 116.97 TP 2: 120 SL: 97.50
Support from 200 EMA Price is moving in sideways after upside movement Short upside movement within parallel channel Take buy position with proper stop loss Ride with trailing stop loss
Bullish Trend (HH, HL) AB = CD Completion Retracement from 61.8% fib levels Take your trades as per fib level targets with trailing stop loss
Watchout for Ascending Triangle breakout Take Long position from the levels specified. Keep stop loss as specified Ride the trend with trailing stop loss AB=CD completion of 100% on daily timeframe continue TP as per fib extensions
15min Chart Ascending Triangle breakout and retest Take Long position from the levels specified. Keep stop loss as specified Ride the trend with trailing stop loss AB=CD completion of 100% on daily timeframe continue TP as per fib extensions for long-term