Technical analysis indicates that STC stock may decline soon
This decline confirms the formation of a negative technical pattern on the monthly and weekly frames, and it is expected to visit the area marked in white to complete the objectives of the descending wave. TADAWUL:7010
Dears Saudi Traders and Investors,
I'm sharing with you one of the trades I gave to my private community,
As you can see on the chart, the price is now heading up after the pullback it made on the support level at 40.70.
You can buy and set you SL and TP on your own risk.
Son't hesitate to ask for further questions!
The company is performing exceptionally well in financial terms. Currently, the stock is exhibiting a strong upward trend. My initial target is to reach 44, after which I will provide further updates.
DR SAUD
The brice reached to supply zone, and its the same area of the neck line that it broke it down before, the brice at 41.30 made support area before but now its resistant one, now we just need to observe for the current weekly bar if it will maje bearish bin bar ( especially if the brice closes lesser than 41.2) adding to observe stochastic RSI if it will make...
Dear Saudi Traders and Investors,
As you can notice on 7010 chart, the market currentlt is in a consolidation area, before you decide if you can buy or sell the market must get out of the area first then you can take your chance.
For further questions don't hesitate to ask!
Saudi Telecom limited is currently testing trend line and RSI pulled back from 30 level. Can be considered for a long position with stop loss below 35 (break of trend line)
My concept revolves around the potential movement of STC in both upward and downward directions. I have also incorporated visual elements into the chart to illustrate how this concept is intended to unfold. Furthermore, I have outlined strategies for determining when to increase take-profit levels or cut losses. Of course, if you wish to explore smaller time...
The price broke the neck line of double tops pattern, it's responding to that pattern so good, our goal is buying it when it reach to 38, maybe it will go up to do retesting to the neck line before it continues to its goal
This idea is posted for prediction according to Gann Science.
The times are clear, the goals are clear, a condition for the success of this analysis is not to break and close below the channel for two consecutive days.
