Important levelImportant Point as shared on 21-04-2024
is Still Valid.
however, breaking 4.60 will expose 4 - 4.10
4012 trade ideas
4012: ALASEEL Long PositionALASEEL created a HH,HL formation
Entry is triggered at 5.19 as morning star candlestick pattern is formed at HL and trend line is respected
Long Position can be taken with:
SL = 4.99 ; TP = 5.78
Risk/Reward = 1:3
Good Luck!!
Crossing & Sustaining 5.20 will make it more BullishStrong Support is around 4.60 - 5
Closing above this level would be
a positive sign
4012| Thob Al Aseel CoBroke out it's bluish flag
It gonna turn positive after breaking through 4.90 SR
Current price 4.68 SR
Short term targets 4.90-7.15 SR
7.15 is ATH and its strongest resistant level
The stock is forming cup and handle pattern and 7.15 SR is its the neckline
Breaking through 7.15 will open a new uptrend rally to full-fill the cup depth which about 130 % to 18 SR
Rest of details in analysis including SL
Good luck!
Long idea for 40123 supp points
trend line breakout
doji
mykeybord is broken but there are may other reasos to get in like RSI
🚀 4012 THOB AL ASEEL CO 🚀"No liquidity sweep, no entry. Market structures can change at any time. Every candle contains liquidity. Price always requires liquidity. The direction of price movement is unpredictable. Hello traders, here is the analysis. If you find my analysis helpful, please hit the like button and consider following. Thank you.
Concept of Smart Money: Identify liquidity or become liquidity.
DISCLAIMER: This content does not constitute financial advice."
forecasting THOB AL ASEEL STOCK ,dayli chart Hello to all investors, according to my previous studies and according to my experience as a trader, I see a good investment opportunity with a high probability of success, the details are reflected in the graph
Thob Alaseel LongCup and handle Target = Pervious High
Watch Triangle breakout
Near Target - Previous ATH
S/R Flip
Above MA50
Learning the elliott wave Please do not trade based on this since I have no idea what I am doing at this level.
