as we see in my chart, there is an important candle with a wick, not only that but this candle came with an imprtant volume we didn't see like it since October.
So all of that indicate that there is a big probability of trend reversal, but!! we are not sure until BTC will break the down trend line that I traced in my chart then the probability of trend reversal...
Saudi Telecom was in an up trend the this up trend was broked, then it transformed to a down trend.
But as we see it trying to break this down trend.
Actually we remaining attentive and see if it break the down trend or it just testing the trend line.
Saudi Basic Indestries Corp was in up trend, after many of pull backs on this up trend, this up trend has been broked by an important candle as we see in the chart.
At this moment, we see that it return to the trend line for testing.
But we will see if it will do a pull back in the trend line and resume it down trend or if it will break it down trend.
Actually...
The Rajhi bank in an up trend, and this up trend are strong as we see in the chart there are five pull backs for testing this trend line but there is any break of this trend at the moment, so this up trend are strong.
All of that indicate to keep Al Rajhi Bank in the portfolio.
Aramco was in a down trend, then a massive candle with an importante volume broke this down trend, then it return to the down trend line for testing as we see in the chart (first pull back) then he retested the trend line (second pull back) then it's resumming the up trend.
All of that indicate to buy Aramco or to keep it in portfolio.
The BTC is in an important moment, if BTC brokethe trend line then buy it.
If BTC broke the support line then BTC will continue his down trend.
we will see what BTC will do, Just stay tune!!
