4002 - Technical AnalysisAs seen on the chart ... over a long investment plan.
We have a possible Double Bottom Reversal Pattern
We have a possible Acending Triangle on long term plan
4002 trade ideas
Bullish
Bullish Divergence on Daily tf.
Immediate resistance is around 83 - 83.50
Very important to cross & sustain 86 - 87
for further upside.
However, should not breakk 65.50 , otherwise
we may witness further selling pressure.
4002: Support from Channel BottomPrice is moving within an ascending parallel channel on weekly TF.
Bottom Support line was retested recently.
Formation of HL is in progress.
(Aggressive) entry can be taken now or
(conservative) entry can be taken after formation of green candle
Ride the trend until channel top.
Manage your risk accordingly.
4002The price action is rejecting from its supply zone and closed the day at 134.60. At present, support level lies in the range of 127-125 which is the test of ascending trend line. Exercise caution and monitor closely; failure to maintain this level could lead to further downside. On the flip side, upon confirmation of a pullback creates buying opportunity.
4002Analyzing the current chart, we observe the formation of a Inverted Head and Shoulders pattern. The left shoulder is formed after an initial upward move, followed by a higher peak forming the head. The subsequent pullback creates the right shoulder. The neckline, drawn across the highs of the pattern, acts as a crucial resistance level. A decisive break above this neckline is a bullish signal, indicating a potential trend reversal. Volume analysis reveals a decrease in volume during the pattern formation, with a potential increase on the breakout adding confirmation. Traders often calculate the price target by measuring the distance from the head to the neckline and projecting that upward from the breakout point. As we monitor the price action, it's essential to wait for confirmation and consider risk management strategies.
Mouwasat Medical Services Company - 4002The price action is currently retracing towards 0.382 Fib level with support defined around 108.2 - 105.2 range. Long position is considerable at support for the target of previous resistance level of 118 with the stop loss placed below 102.
4003: Mouwasat_C&H (Bullish Diver.)Mouwasat has taken a correction
Positive Divergence on hourly is observed.
Aiming for C&H completion Targets
Entry @CMP (242 - 243)
SL (241.5) 0.6%
TP1 (247.6) 1.7%
TP2 (253) 4%
4002_Cup and Hanlde Formation (Bullish)Classical Cup & Handle Formation
Series of HH, HL
SL and TPs are specified
Ride the trend with trailing stop loss
Manage Risk properly
4002 (Mouwasat)Support from Descending Channel Bottom for a short upside move until Channel Top
Levels are mentioned in the chart
Trade with Stop Loss
MOUWASAT MEDICAL SERVICES CO BUYafter the break 225 buy MOUWASAT MEDICAL SERVICES CO next target 270
4002 Triangle Pattern BreakoutWith price bouncing off the support it is more likely that the price will keep on going and on top of the Breakout of a triangle pattern this stock looks very bullish.
BUY AFTER THE RESTEST AT THE LEVEL OF 78%Dear all,
I think that we have to spot a good entry point within the level of 78%
kind regards
ATTENTION ! trading algorithms change the game, and decide to sell
This market will decline strongly this week , I Advais you to Selling at the next red candle
the time is not right to buy
Mouwasat Medical is very strong for LongPrice is respecting a strong uptrend.
Price broke a resistance and turns it into a Support.
Great Volume of Buyers is present in the Market.
4002 is to Kept in the Wallet.
