Hello to all tradingview investors, according to my previous analysis I see a great opportunity with good probability, the details are reflected in the chart, greetings and good luck to al
Anaam has been very bearish recently and there were some potential for a break-out but it faked a penetration of a down trend (See my previous analysis). Up to now, it has formed a descending triangle in which it broke down a little and reversed to go bullish. Some analysts call it a wave throwback, a very usual behavior in Saudi stock speculations. Targets as...
Triangle Breakout is observed with good volume
Reversal from Support Zone
Formation of HH, HL
Entry at current level (Aggressive)
Wait for retest/formation of HL (Conservative)
Stop Loss is specified
fib/support levels are mentioned for TPs
Ride the trend with trailing stop loss
Anaam has recently formed H&Ss but not an ideal one. The volume does not correlate with the studies of a typical head n' shoulders but I thought it is great to share. Let's see if the neckline is penetrated then we can confirm by price action.
Series of HH, HL
Watchout for the formation of HL (Retest)
Aggressive entry can be taken at current level ()
Safe entry can be taken after formation of HL
Trade with SL,
Target Prices are mentioned, Ride the trend with trailing stop loss
the buyers are still in control but we can't guarantee if the market will continue up after reaching the level of 90, this level should be your target level where you should be out of the market and sell your shares for a better and safe investment
