TASI Analysis for End of YearI personally see very good move to 8500 if this week we will break 8500 then in general we have confirmation that Tadawul KSA will close above 8700 by New Year. The move to 10000 mark will be open as soon as 8700 be penetrated. There is no Bearish signals, or Bearish pressure on market. Hawamer are buying until next year with huge amounts. Many good stocks will reach huge targets 7010 will be 120 Sabic will reach 110 and then next year 140. So watch carefully for fat green line on 8500.
Trade ideas
Expecting TASI to be Uptrend or downtrend v2.There are two scenarios
The first is to continue uptrend movement, but it has to be closed above point 8095 pip and then breakout 8122 pip this will lead us to 8343 pip .
Until then, we will update .
The worst scenario is falling by break downing 7840 -7812 pips
this will lead us to 7500 and then 7300 or to 7073p.
TASI UPDATE! STILL SHORTThe market will return again to the previous channel and will be in a sideway position with a high probability, also we have candles with small bodies within the resistance level and then we saw a red engulfing candle with a message, that is this resistance is a solid one and can't be broke, so we can enter short and put our target within the level of 7544.337
TASI WILL RETURN TO THE SIDEWAY PROFILE! ENTER SHORT!!The market will return again to the previous channel and will be in a sideway position with a high probability, also we have candles with small bodies within the resistance level and then we saw a red engulfing candle with a message, that is this resistance is a solid one and can't be broke, so we can enter short and put our target within the level of 7544.337






















