mbaberhanif

mbaberhanif Updated 

🚀 Stock Alert: DFML 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Entry Range: 20.50-20.70 🎯 First Targets : 22 🎯 Second Targets : 23 ⚠ Stop Loss: 20 ⏳ Nature of Trade: Scalping 📉 Risk Level: Medium ☪ Shariah Compliant: NO 💰 Dividend Paying: NO 📰 Technical View: DFML has demonstrated a breakout above the 20 level, affirming strong bullish momentum in...

mbaberhanif Updated 

🚀 Stock Alert: BOP 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Entry Range: 5.50-5.60 🎯 First Target : 5.80 🎯 Second Target : 6.36 🎯 Target Target : 8.20 (Long Term) ⚠ Stop Loss: 5.23 ⏳ Nature of Trade: Swing Trade 📉 Risk Level: Medium ☪ Shariah Compliant: NO 💰 Dividend Paying: YES 📰 Technical View: On the weekly timeframe, BOP indicates a...

mbaberhanif Updated 

HCAR can continue its parallel channel. Continuation till 172 is possible if the price action acts bullish in the market

mbaberhanif

The stock is currently in an uptrend making higher highs and higher lows and gives closing at 315.71. Initial resistance lies around 340 upon surpassing this level potentially driving the stock towards the next resistance level of 370. On the flip side, support is defined in a range of 287-290. Any dip to these levels could be viewed as a buying opportunity. Use...

mbaberhanif

Saudi Aramco Base Oil Company is trading within a potential broadening wedge formation, with both the lower and upper ascending trendlines supporting the price. The immediate support zone represents an optimal buying area before the price advances towards the targeted 180 level. Short term approach can be consider initially around 152-153 and secondary approach...

mbaberhanif Updated 

AVN is currently within a Bull Flag pattern, facing resistance around 53. Multiple barriers hinder breakout. Anticipation for bullish reversal towards 56-59 post-breakout; breach below 49 signals potential bearish momentum.

mbaberhanif Updated 

The price is currently sustaining support level around 23 and gives closing at 23.71. Moving forward, if it breaks and sustains 24 then bullish momentum creates. The first and second resistance levels lie around 25.50 and 27 respectively.

mbaberhanif Updated 

PRL displays a promising bullish pattern characterized by the break out from its trend line and establishing Cup & Handle pattern. Our plan entails accumulating the stock within the designated buy zone (27-28 range), while setting stop loss orders below 26. To guide our trading decisions, we've delineated two distinct targets: an immediate target around 32 upon...

mbaberhanif Updated 

PIBTL displays a promising bullish reversal pattern characterized by the formation of an ADAM and EVE pattern. Our plan entails accumulating the stock within the designated buy back zone (6.50-6.80 range), while setting stop loss orders below 6 to manage risk effectively. Anticipation builds for a substantial surge in momentum upon the breakout from the neckline,...

mbaberhanif Updated 

ZAMIL shares have been reaching higher peaks, while the Commodity Channel Index indicator is showing diminishing highs, indicating a bearish divergence pattern on the weekly timeframe. This pattern suggests the beginning of a downward trend. Confirmation of this trend would occur if the price breaks below the support level of 23.70 SAR. Conversely, if the price...

mbaberhanif Updated 

Inverted Cup is a fairly rare but very reliable bearish pattern. It is formed at the end of a long-term bullish trend and usually gives a signal of a market reversal. The upward trend in prices with a gradual slowdown. In the classical case it should represent a smooth arc. A rounded bottom is, in simple terms, a dumping of a position by large market...

mbaberhanif

The Tadawul All Shares Index (TASI) concluded the previous week with notable performances across its key indices, experiencing a loss of 1.60%. This resulted in an accumulation of 203 points, settling the index at 12,502. Notably, the index has shown rejection from 12,883 which will acts as resistance for the upcoming session for the index. If this resistance...

mbaberhanif

Saudi Arabian Oil Company displays a promising bullish reversal pattern characterized by the formation of bullish divergence with RSI. Our plan entails accumulating the stock within the designated buy zone (29.50-30 range), while setting stop loss orders below the bottom of support around 28.50. To guide our trading decisions, we've delineated two distinct...

mbaberhanif

ACM shows rejection from its resistance level lies around $3.25 and currently trading around $2.4 which looks attractive for short term and long term approach. Initial target can be consider at previous resistance of $3.25. Upon breaching, according to Adam & Eve pattern, next target will be around $4.8.

mbaberhanif Updated 

MLCF is currently exhibiting indications of a breakout from its descending trend line, indicative of a shift towards an uptrend. A notable supply zone is situated around the price level of 50.90, which may present resistance and necessitate a decisive breach to facilitate further upward movement. The substantial trading volume is reinforced by a notably strong...

mbaberhanif

We're looking at two possible outcomes based on the flag pattern we've noticed in MLCF stock. Firstly, if the stock price breaks out and closes above 38, it confirms the flag pattern. According to this pattern, the initial target could be around 43. If the pattern completes, the target could go up to around 50. On the other hand, there's a chance the stock...

mbaberhanif Updated 

AIRLINK is trading in a fine bullish trend after the break out of descending parallel channel. First support is at 30 if it breaks then it can test it's major support in weekly time frame at 23. However, first resistance is at 33 if it breaks then second resistance is at 37.50. RSI ia at over bought level and MACD shows bullish sign.

mbaberhanif Updated 

The bullish pennant is a continuation pattern in technical analysis that typically forms after a strong upward price movement. It is characterized by converging trendlines that resemble a small symmetrical triangle or a flag, with the flagpole representing the prior price move. Confirmed when the price breaks above the upper trendline of the pennant. The potential...