SABIC currently is moving between two support and resistance lines that are about to meet soon.
So in that time, I think that a new decision will be made by either buyers or sellers to change the previous direction.
TASI did switch its previous upward trend into downward trend since May 2019 regardless of Covid19.
And then it did start short term upward trend that I think it is about to end soon and then continuing on the downtrend trend that started earlier unless there is a good reason to not.
It’s like a flight had to do emergency landing and then take off again. And...
I think that TASI going to hit its top in the short term upward trend in mid of August to switch back to its long term downward trend, if there was no good reason supporting the previous behavior.
