This idea for long term
Reinsurance stock broke out its cup and handle pattern
Promised to full-fill cup depth which about 315 %
Cup depth will take us from 26 to 85 SR
Good luck!
This analysis for short term idea and I will publish another idea for long term
Failed to break through its ascending channel
Now retesting the middle of the channel
Inside the channel just broke out its bluish flag and pending to full-fill its the pole length
Full-filling the pole length will take us to 30.30 SR which is the roof of the channel
After breaking...
Show some week signs:
1- Monthly resistance at 20.36 which was near a target in previous trade.
2- wait to see in 20 - 20.36 if bearish candle appear.
price will back to these targets
TP1: 18.98
TP2: 200 moving average
if 200ma not hold will not surprise if price to back to 17 or 15
Hello Traders,
The second scenario "which I wrote previously" could be valid, which we are in wave 2 and should see wave 3 coming.
Position Strategy
When the price reaches 7.40 Saudi Riyal, we should respect the bullish bar on the monthly chart, and go long, with a lost stop of 6.09 Saudi Riyal. This scenario is only confirmed when the price hits a price...
Hello Traders,
Previously I built up positions that Saudi Re should starts a WAVE 3 up, our analysis were wrong, and we saw that it created a new low. There are two scenarios, I will speak about the first, which looks like most probable so far
1st Scenario
Saudi Re is in the third wave down, and it should target a target zone of 4.00 Saudi Riyal. We short...
Hello All TADAWUL:8200
Just to define the elliot wave on Saudi_Re TADAWUL:8200 , We can see the correction ABC is over of the 4th wave, and we should expect the 5th wave with a target of 12.00 SAR minimum :)
My other thoughts is the whole wave is considered 1 :) we could be in the third wave of some degree :)
Hello Traders,
Our first analysis about TADAWUL:8200 was that we were in the process of developing wave 5! I guess we were wrong!!!! Since Nov 2017 and things became more obvious, we are certainly in the process of Wave 3, it is still developing! which we expect a very powerful uptrend, nothing can stop this trend!
We should be targeting between 13 to 17 SAR...
