a Bullish Pin Bar at a Trendline Support
is actually a Positive Sign favoring Bulls
Double Bottom Formation is around 86
that seems less likely to hit due to the
formation of a Morning Star on Daily Basis
However, 92.60 is a Hurdle for now
Entry can be taken at CMP or around 90
with a Stoploss of 85 (on Closing basis)
Initial Target to be around 95 - 96 &
then 99 - 100
Al Dawaa Medical Services Company, listed as 4163 on the Saudi Stock Exchange, is involved in a variety of activities including online wholesale, pharmaceutical agents, and retailing of medical equipment. The company operates through Retail and Wholesale segments, focusing on selling goods to customers through pharmacies and wholesale customers, respectively....
Good morning all! As you see on the chart we will have a big probability of a continuity of an uptrend after the breakout with force the resistance line by a big green candle with a large volume. In other hand, we can have also a reversal trend if the vwap indicator and the support line are broken with force by a big red candle with a large volume.Thanks.
Aldawa has reached its target since it broke down its top H&Ss neckline to reach the level of 72ish which is a mutual target of H&Ss and C wave of Elliot. It doesn’t however mean that it may reveres but let’s hope so. Fundamentally, the stock is very promising and it should be considered in any one’s portfolio.
