Arabian Internet And Communications Services Company displays a promising bullish pattern followed by ascending trend line. Moreover, the price is testing 200 EMA around 340 which can be consider for a long position, while setting stop loss orders below the bottom of support around 330. Initial target define around 360, upon sustaining this level secondary target...
Made Double Bottom on Daily Basis around 345 Tweezer Bottom on Daily TF 50% fib level tested on Weekly basis 352 - 353 is a Very Important Support level that should be Sustained on Monthly Basis
falling till sell side liqudity. fall is in this week in saudi stock exchange.
Entry 333 as my opinion stop loss 320 it shows as in the chart of ABC correction is correct which indicate that coming wave is beginning
ARABIAN INTERNET & COMM CO Looks very good on the chart, very strong uptrend as it has given a breakout of the parallel channel, also the follow up candle formed is very strong as well. Technically we can achieve higher targets, but downside is limited as the company operates in IT sector.
Support 265.6 first target 289.6 last target 313.2
A beautiful Formation of Triangle Breakout and Retest is observed Entry levels are defind 50% buying current price 264.20, SL 260.8 50% buying on horizontal support 260.24, SL 258.4