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The price action is moving in an ascending parallel channel and gives closing at 203 in the last trading session. First support lies in the range of 200-198 and second support around 190-188. If it sustains the support zone then buying opportunities will establish. On the flip side, resistance lies between 214-215, sustaining above can pull the price towards more...

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Rejection occurs after making a high of SR 77 on 5th Dec’ 2023. Currently price is sustaining above 100-day EMA and accumulation in the share with increase in volume of 1.16 million is observed (pointed on chart) on 18th Jan’ 2024 which indicates upward momentum. The stock can be considered in a range of 66-63.50 with the stop loss below 59. On the flip side,...

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Possible pull back is expected according to flag pattern observed in 15 minutes time frame. Rejection towards lower channel can be seen in the price. Wait and watch for the pull back for new entry around 21.85. Break out of the flag can pull the price towards 23 level (resistance area). On the flip side, if it breaks downward and sustains 21.50 level then exit...

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SYS is showing bullish divergence with RSI on daily time frame. Pull back is observed after testing ascending trend line of the triangular pattern. First resistance lies at the touch of upper triangle line around 438 and if it breaks and sustains then second resistance lies around 450. Risk is define below 405 break below of the structure.

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🚀 Coin Alert: CYBERUSDT 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: - Buy Range: 6.70 - 🎯 Targets: 7.50 - ⚠ Stop Loss: 6.3 -⏳ Nature of Trade: Short Term (Scalping) - 📉 Risk Level: Medium 📰 Technical View: Price testing ascending trend line making it support.

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The Tadawul All Shares Index (TASI) concluded last week with contrasting performances across its key indices. The Index dipped 1.30%, shedding 157.02 points to settle at 11,959, continuing its rejection within the 12,158-11,869 range for the second consecutive week. Technical indicators paint a concerning picture. Couple of weekly signals now point towards...

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After the major correction is over, a new impulse move develops. The next 5-up wave pattern has already taken place. We can look for certain levels though where the probability is higher for a wave to end. These are just projections and are not meant to predict the future. First and second resistance levels are 30.80 and 34.67 respectively. Risk is defined below 25.

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After consolidating between 0.5 (22.93)and 0.382 (25.38) Fibonacci levels. The price broke above the level. Resistance lied at the previous high of 33.34 which needs to break for a new high. Previous resistance of 25.38 now acts as support and the break of the support can pull the price more downward. Use stop loss to manage risk below the support level.

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The price is trading around 26.40, we saw an impulse in the price and from that impulse, 50% Fib retracement is placed around 25.40 which acts as support level. Long position can be considered upon the confirmation. 32.45 acts as resistance level which it breaks then price can test 36.33 and 41.22 level. Stop loss is placed below 21.

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The prevailing market conditions indicate that the price action is currently confined within the parameters of a triangular pattern, with established resistance observed within the 40-43 range. A discernible observation is the stock's positioning in the concluding phases of this pattern, identified as wave E, thereby suggesting the culmination of intermediate wave...

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Analyzing the current chart, we observe the formation of a Inverted Head and Shoulders pattern. The left shoulder is formed after an initial upward move, followed by a higher peak forming the head. The subsequent pullback creates the right shoulder. The neckline, drawn across the highs of the pattern, acts as a crucial resistance level. A decisive break above this...

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Analyzing the current chart, we observe the formation of a Bullish Dragon pattern. The head is observed on the left side with the formation of both the foots and a breakout occurs for the formation of its tail. Traders often calculate the price target by measuring the distance from the head to the foot and projecting that downward from the breakout point. 🚀 Stock...

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Saudi Research and Media group show breakout of trend line in daily time frame. Long position can be consider on the retest of the trend line at 175. First and second targets are 192.4 and 201 respectively. Stop loss below 162.

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The Fibonacci retracement tool plots percentage retracement lines based upon the mathematical relationship within the Fibonacci sequence. These retracement levels provide support and resistance levels that can be used to target price objectives. Fibonacci Retracements are displayed by first drawing a trend line between two extreme points. A series of six...

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The price action is currently retracing towards 0.382 Fib level with support defined around 108.2 - 105.2 range. Long position is considerable at support for the target of previous resistance level of 118 with the stop loss placed below 102.

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The chart pattern is showing a bearish crab harmonic pattern. Which indicates more downward momentum in its price. It is advised to wait for confirmation for taking a long entry. First and second support levels are 182 and 175 respectively.

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After the break of desending parallel channel, price is currently testing its first resistance at 4.2. First and second targets are 5.05 and 6.05 respectively. Stop loss is placed below 3.2.

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The price is approaching the monthly resistance at 4.88, with a notable 96.5 million increase involumes on DoD basis. Short-term rejection is anticipated, and a breakthrough could test next resistance at 6.75. Risk is defined below 2.91.