TASI has been in correction for a while A trendline breakout is observed recently (with Formation of HH) which gave a short positive upside movement. Formation of HL in progress 11,000 is a significant resistance line Bulls need to break the resistance line for upside movement. Watch for individual stocks for proper entry
TASI ALsalam 3alikom, I hope you are fine! Study the TASI graph, which depicts Daily for short time. When initially looking at the chart, you should be able to immediately identify broad details, minor details and minute details. The minor details in this chart are also quite easy to identify, which is lines respect All level of Fibonacci extension. The minute...
follow up in TASI and past and future interest area and probable future behaviour
tasi up. correction finished. new target is 12000. The impact is not only felt on the Tadawul All Share Index but also on the broader MSCI GCC Countries Combined Index, which has declined by 6% in 2023. Saudi banks, which make up 36% of the Tadawul, are grappling with these high interest rates. The increased rates are affecting credit demand and driving up the...
The Saudi Arabian Tadawul All Market index moved up in an impulsive wave 1 in march 2023. The index has however seen sharp correction from July 2023 till date. after having retraced almost 70% from the wave 1 high the index is now look to scale up slowly eventually into wave 3 towards 12-12.5K mark.
The Tadawul All Shares Index, or TASI, is currently trading around 10,408. The current pattern suggests that the index is in a down trend, making lower lows and lower highs, notable support is around 9,950. If selling pressure minimize and sustains the support level, pull back is expected.
Tasi is at a potential bounce area, this is a zone of multiple support clusters Even if the downtrend will continue, a reaction to the up side from here is highly expected
=Analysis of the Saudi TASI index. = Analysis on the quarter-hour time frame = The analysis is based on trend analysis = He successfully overtook the decline of an ascending trend line = The decline aims to reach level 9961
Dear supporters I got a lot of request to analyze the Saudi Index TASI, here we are. most of the stocks now at the accumulations phase and I see a very good investments and trading opportunity. good luck every one
tasi indicator in saudi market dont miss the opportunity
There are good chances it may revisit the support area 10860 zone then we may see fresh buyers coming it to catch the bottom. Next strong area of resistance is 11400 zone if that is taken out then we may see new highs in TASI soon. With oil prices climbing up Saudi Stocks will see good push and will attract more investor. If you want more updated on Saudi Market...
Support and resistance levels are critical elements in guiding market trends, and in the TASI index, they play a vital role. The level of 10955 is considered primary and significant daily support, and closing below it represents a sensitive trading zone. On the other hand, 10522 is a major support level that requires careful monitoring, as it could potentially...
Potential Harmonic Pattern Targets are shown on the chart.
= Analysis of the Saudi General Index (TASI). = Analysis on the four-hour time frame =Technical analysis is based on the classical analysis method = He built a failed head and shoulders pattern because the neckline is slanted with the general trend = The upside scenario is the strongest
Tadawul TASI Weekly chart with major pivots. Each blue line is 45 degrees from HL to major HH. H. Numbers are thirds numbers between angles.
= Analysis of the Saudi General Index (TASI)... = Analysis on the hourly time frame =The analysis is based on the classical school of analysis = We now have a falling continuation wedge pattern = When it breaks the level 11439.335, it becomes eligible to drop to the level 11356.639 = By breaking this level, it becomes eligible to reach level 11243.334