Retest 50EMA and retest previous high Lets watch and see share your thoughts in the comments section
technical analysis only for study not for buy or sell
Expecting %78.60 fibo-correction point (C) of wave (AB) @ 48.81 SAR. which meet the bottom of uptrend yellow channel within next week. (Also it is weekly demand zone). Then probably %127.00 fibo-target point (D) of wave (BC) @ 96.68 SAR. which create a perfect hamonic price pattern where the target meet at tge middle of both uptrend yellow-blue channels at the...
Double bottom pattern spotted for this ticker TADAWUL:2290 ,, bullish here , lets see how it unfold ..
After the first failed attempt to cross the support line, the market is about to try to cut the support line again
P/E = 14.515 RoA = 11.44% Div Yield = 6.88% RSI (M) = 40 The target is at 73 SAR plus div collected. 1-2 years.