Something happened I have no idea why this is happening, but we are going deep down.
If we’re lucky, we might see 65 SAR.
the target is 52 SAR, and it could keep going lower.
4003 trade ideas
Bearish Setup on United Electronics Co TADAWUL Weekly TimeframeStructure & Market Behavior:
The market made a strong bullish move from the green highlighted zone labeled as "unmitigated order flow", pushing up with a clear Break of Structure (BoS) on the left side.
A strong rally continued until it peaked (highlighted by the blue dot).
After the peak, the price dropped, creating a Lower High (LH) and Lower Low (LL) structure, suggesting a bearish shift.
Key Elements Marked:
Order Block (OB): A bearish OB is marked on the right side near the current price level (~96.4). This could act as a resistance/supply zone.
Equal Highs (EQ_H): Indicating a liquidity pool where market makers may hunt before a reversal.
Market Pattern: A minor bullish bounce is expected from current levels before a sharp drop.
Forecasted Path:
Price might grab liquidity above EQ_H (false bullish move), then reverse sharply downward.
Target area: Green zone near 40-50 SAR — previously unmitigated order flow/demand zone.
Final projected low is marked around 31.75, which might be an exaggerated worst-case scenario.
Conclusion:
Your chart suggests that the price is in a distribution phase and likely to experience a major sell-off after a liquidity grab above EQ_H. The long-term bearish bias is supported by:
Order block rejection
Equal highs as liquidity targets
Previous bullish rally needing rebalancing (Fair Value Gap / Order Flow)
A HIGH PROBABILITY 4003 WILL GO LOWERAs you can see on the chart, the price grabbed the ATH WK LQ, and now all it kept doing is giving us lower highs for the last 4 months since it grabbed the liquidity.
The wise thing to do is to sell if you're holding any shares, and if you haven't bought yet, just hold your funds and wait for the stock to give you a clear entry.
The comment section is all yours for further questions!
Follow for more!
United Electronics - 4003"The stock is considered an investment and is trading within an ascending price channel. Upon breaking the 94 SAR level, it targets 105 SAR, then 120 SAR. The fair value of the stock is estimated at around 120 SAR, with growth opportunities through the IPO of Tasheel Company."
I hope im wrong.I know this is a good company in sheets. But I don’t know, i hope im wrong.
If the idea works means not just a price going down it’s mean there is something wrong in there sheets. I didn’t go deeply in there sheet but they have good reputation.
+ the chart hv deep targets not only what i put in here, but i will keep them later.
This just a TA not Financial advice.
Hv good day.
DON'T BUY 4003As you can notice on the chart we have a high volume bearish move, which means the market will break the current level and reach the next one where we can see how the xstock will act.
The comment section is all yours for further questions!
Trade Wiselyas per analysis shared on 21-04-2024,
it touched 94.70 and went upto 102.
Now, it should Sustain 93 (on weekly basis).
In worst case, 88 can be seen as Bearish
Divergences are appearing on bigger
Time frames.
To Continue its Uptrend, it should Cross
& Sustain 106 - 107.
113 is a Very Strong Resistance.
United Electronics Possible TargetsThe stock has retraced to complete W-4 at Fib 0.618 golden ratio. It is on the way to the fifth wave. Watch out for the upcoming resistance. Wave -5 could be a failure so when getting on the target just before that, it may some aggressive selling.
Everything I present here is for educational purposes, and it is not a recommendation for selling or buying.
Bullish on Weekly as well as Monthly TF
ABCD pattern will be in play once
113 is Crossed & Sustained
Cup & Handle Pattern will be in play
once 99 is Crossed & Sustained
However, Sustaining 93 on Weekly
basis would be a positive sign
long positionthe best configuration ever to get prepared to take a long position on UNITED ELECTRONIC CO
4003 United Electronics CO. (Saudi Market - TASI)4003 United Electronics CO. (Saudi Market - TASI)
Elliot Wave and trend
It is not Buy or Sell Recommendation
4003The current price action exhibits an uptrend, characterized by successive higher highs and higher lows. Notably, when the price touches 200 day SMA, it rebounds upward, establishing new highs. In the recent trading session, the price concluded at 81.1 following a decline of 0.5 SAR. The entry level is identified at 81, with a target set at the previous high that is around 83.50. Risk is defined below 79.50
extra stock in saudi marketno entry at that point we can enter at confirmation when pentrating the area shown in the video
4003 | United Electronics | 1D4003 appears to be following dow theory and is making higher highs (HH) and higher lows (HL). Previously it was in a downtrend channel and currently it is in uptrend channel. Currently it has taken support from bottom of the channel and candles formation is like 3 white soldiers which is also bullish.
The trading levels are mentioned on chart.
4003: TASI: UNITED ELECTRONICSDescending Parallel Channel Coninues
Leg reaching descending channel top will be ride for Long position
Trade as per Stop loss
4003 United Electonics (Extra)The stock closed the gap and reentered the channel
with increased profit reported for this quarter compared to similiar quarter from previous year
extra 4003 United Electronics CompanyUnited Electronics Company
extra 4003 United Electronics Company
SACO 4003 ShortHammer Candle and Negative Divergence of RSI on Tops
going down for a bit, needs to cool down
A BEARISH TREND ON THE WAY! BE AWARE AND WATCH OUT YOUR POSITIONPlease share with me your thoughts,
Regards.
