AMRICANA RESTURANTHey traders, here is the analysi.
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DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT
Saudiarabia
ARAMCO oil base 2223we think long on this stock .. with time and price estimation
the break of this trend .. we heading to 147
saudi telecom 7010we think long about this stock
estimated time and price of this stock the next two weeks of February
so we think 44 is our target
Technical Analysis of TNBI (Tadawul National Bank Index)Overview:
TNBI, the Tadawul National Bank Index, serves as a vital barometer for the performance of the banking sector in Saudi Arabia. It comprises a selection of leading banks listed on the Tadawul stock exchange. Analyzing TNBI can provide valuable insights into the health and trajectory of the Saudi Arabian banking industry.
One significant factor to highlight is the correlation between volume spikes and subsequent momentum shifts in TNBI's price movement. By examining specific instances, we can observe instances where increases in volume coincide with clear directional movements in price. Notably, the yellow arrows highlight these instances, showcasing how volume surges precede both long and short positions, aligning closely with the subsequent price movements.
Feel free to let me know if you need further adjustments!
Indicator Analysis:
Moving Averages (MA): Applying moving averages, such as the 50-day and 200-day MAs, can offer insights into TNBI's trend direction and potential reversal points. Crossovers between these MAs may signal shifts in momentum. Additionally, observing TNBI's relationship with its MAs can provide clarity on the strength of the prevailing trend.
Relative Strength Index (RSI): The RSI is a momentum oscillator that measures the speed and change of price movements. For TNBI, monitoring RSI levels can help identify overbought or oversold conditions, potentially signalling impending reversals or continuations in the index's price movements.
Volume Analysis: Volume serves as a critical component in technical analysis, offering confirmation of price movements. By analysing volume alongside TNBI's price action, traders can gauge the validity and sustainability of trends. Sudden spikes in volume often accompany significant price shifts, indicating increased participation and conviction among market participants.
Volume Trend Analysis:
Accumulation/Distribution Line: The Accumulation/Distribution Line is a volume-based indicator that assesses the flow of money into or out of TNBI. Persistent divergence between the index's price movement and the Accumulation/Distribution Line may suggest underlying strength or weakness not evident in price alone.
On-Balance Volume (OBV): OBV tracks cumulative volume flows relative to TNBI's price movements. Rising OBV alongside price appreciation signifies strong buying pressure, validating the uptrend. Conversely, declining OBV during price rallies may indicate weakening demand, hinting at potential reversals.
Conclusion:
Incorporating indicator and volume trend analysis provides traders with a comprehensive toolkit for evaluating TNBI's performance and making informed trading decisions. By synthesizing insights from moving averages, RSI, and volume indicators, traders can gain a nuanced understanding of TNBI's price dynamics, identifying opportune entry and exit points while managing risk effectively.
🚀 TASI surge 24% in 2023: Decoding the next move in 2024.Tadawul All Share Index (TADAWUL:TASI)
1) In the day chart we noticed that the Tadawul All Share Index has formed a head and shoulder pattern from April 2023 - September 2023 and a obvious neckline breakout marks the end of the H&S pattern.
2) At the end of H&S pattern we noticed a big red candle closed at 50% into the body of the previous green candle. This is a trend reversal sign known as Dark Cloud candles.
3) Since the August 2023 a sharp down trend consist with mostly the red candles. It signifies strong bearish momentum. TASI had fallen from 11933 to 10262, nearly 14% correction in a span of just 12 weeks.
4) We noticed the bullish flag pattern started forming since mid Nov 2023, where two parallel trendlines preceded by a flag pole which clearly indicates strong bull's presence in the index.
5) Dec 2023 onwards TASI started moving straight upward after flag pattern breakout and again forming a bullish flag pattern. Such back to back flag breakouts give prominent signal of long bullish run to be continue.
Happy Trading!
Cheers to this bull run!
WAR what is good for ? Absolutely profit say it again. #SAUDI stock market chart.
On the Day that the UK government has authorised military strikes against Yemen.
I take a quick glance at the Saudi stock and see a #HVF in progress.
Saudia Arabia as version of the #UAE, as it reinvents itself
is the investment thesis,
if your morals allow.
We can get upset about geopolitics
But the war machines are powerful and keep grinding...
at least put you and your family in a better position financially is the most practical path for us to take on a personal level.
@TheCryptoSniper
#HVF
analysis of 1180analysis of 1180 in saudia market
the major trend is uptrend
watch the video and comment us if there is any thing missing
South Province Cement (3050)Monthly chart, the stock is trading in a critical zone, either rebound or fall down.
Probable rebound from support A, then next probability at support B level.
After rebounding the target will be to test the resistance A at around 64.4
Note: rebounding from support C is possible as well. Be careful!
After crossing up 68.5, the next target will be resistance line B at around 81
This is a long term view.
7010 IS CONSOLIDATINGDear Saudi Traders and Investors,
As you can notice on 7010 chart, the market currentlt is in a consolidation area, before you decide if you can buy or sell the market must get out of the area first then you can take your chance.
For further questions don't hesitate to ask!
DON'T BUY 1120 NOWDear Saudi Traders and Investors,
As you have read on the title, don't buy 1120 this week, you can see on the chart, the price is currently on the tough resistance we have at 83.2, since it has a high volume, we must wait for the price to give us a confirmation that it will continue on its way up. If not this MIGHT be a pullback, however there's a high probability of going higher. To play it safe wait for the confirmation.
Don't hesitate to task in case you got furder questions!
DON'T BUY ON 2222Dear Saudi Traders and Investors, it's been a while since I last posted about any market.
Today I'm giving you some updates on Saudi Stocks.
Starting with 2222, as you can see on the daily chart, the price is currently on the tough support level we have at 32.85 with the highest volume we have in the period of the past 2 months. What you got to do now is you wait for the price to come back up with a confirmation of the pullback then you can get in with your position.
Don't hesitate to ask if you got further questions!
Tasi - Correction Signs Show some weak signs:
1- Break VAWAP
2- Bearish Divergence
back to retest 200 Ma or deep correction to 10504
target will be:
TP1: 11159
TP2: Daily 200MA
40% upside potential in The Saudi National BnakThe Saudi National Bank is the largest commercial bank in Saudi Arabia.
The share of the bank saw a rise in the form of a wave 1 in march of 2023 from the bottom and then a subsequent 80% retracement of the same from July till oct 2023.
The share has now kicked off in the new wave 3 structure. Since the wave 2 retracement was very deep, it opens up the probability of wave three getting extended and move all the way up till the 50 SAR mark.(44% from CMP)
One could look for some retracement of the past 4days move to make an entry and then ride the strong bullish wave 3 all the way it it lasts.
Note*- This post of is for educational purpose only.
SAUDI ARAMCO BASE OIL CO. WEEKLY after shift market structrut and creation fo order block and fvg we see a retracement of the price to retest order block and fill fvg and retest golden zone of fibonacci so we will see a drop of the price to taken liqudity of the sell side and fill fvg of up trend
DON'T BUY 2040Dear Saudi Traders and Investors,
2040 is one of the stocks I get asked about if there's an entry on it or no, and I posted about it 2 months ago and the stock is still heading down.
For now there's nothing to do since there's no sign of a squeeze or a pullback on a level, the stock will keep going down to reach the level 1 of the pitchfork.
If you don't know which stock to put your moey in or you're holding in a loss and you don't know if you will exit or you can still hold, Contact me and I will give you the assistance you will be need!
ANALYSIS on 6050Dear Saudi Traders and Investors,
I'm sharing with you today analysis on some stocks you can't buy currently since you will end up by losing your money. Buy on the other stocks on which you have an opportunity to buy, before you do make sure to get you a good consultation!
As you can see on the chart, the price broke the level 0.7 of the fibb and now it's heading towards the level 1, again, it's not a good time to nuy 6050, invest on the other stocks you have the opportunity to buy on, and if you already bought and you're in loss, close your position.
For further questions, don't hesitate to ask!
ANALYSIS ON 1120Dear Saudi Traders and Investors,
I'm sharing with you today analysis on some stocks you can't buy currently since you will end up by losing your money. Buy on the other stocks on which you have an opportunity to buy, before you do make sure to get you a good consultation!
As you can see on the chart, the stock broke the level 0.6 a month ago and now it still going down heading towards the level 0.7. If you're holding the stock in loss close before making more losses, and if you're welling to buy this isn't the good moment to buy.
For further questions, don't hesitate to ask!
ANALYSIS ON 1214Dear Saudi Traders and Investors,
I'm sharing with you today analysis on some stocks you can't buy currently since you will end up by losing your money. Buy on the other stocks on which you have an opportunity to buy, before you do make sure to get you a good consultation!
As you can see on the chart, the stock broke the level 0.7 of the fibb and this week it gave us a confirmation of the breakout, which means 1214 will keep going down, if you're holding the stock on loss just close so you don't make more losses, and if you're willing to buy just don't do it.
For further questions, don't hesitate to ask!
ANALYSIS ON 4031Dear Saudi Traders and Investors,
I'm sharing with you today analysis on some stocks you can't buy currently since you will end up by losing your money. Buy on the other stocks on which you have an opportunity to buy, before you do make sure to get you a good consultation!
As you can see on the chart, the stock made a pullback on the level 0.6 of the fib, my customers and I were waiting for a confirmation of the pullback to buy, however, the stock continued going down and broke the level 0.6.
Please DON'T BUY 4031 now.
For further questions don't hesitate to ask!
1180 analysisANALYSIS OF 1180 IN SAUDI MARKET
LOOK AND SEE THE CHART SHWON IN THE VIDEO
DONT MISS TO LIKE AND SHARE
take care of the stop shown in the video
ANALYSIS ON 2222Dear Saudi Investors and Traders,
You can notice on the chart that the price made a pullback on the tough resistance level we have at 34.65 and now it's heading to the support level we have at 32.85.
For now don't buy 2222, wait for it to give you a sign to buy then get in the stock, otherwise you can buy on the other stocks on which you have good opportunities to take.
For further questions, don't hesitate to ask!
ANALYSIS ON 1120Dear Saudi Traders and investors,
Yesterday I posted about a stock you can't buy since it's going down, today I'm sharing with you some of the stocks you can't buy until it gives an entry point.
You can notice on the chart that the price broke the support level we have at 70.5 and now it's heading towards 61.8, for now don't buy, wait for the appropriate entry point or invest on other stocks that will return you with profits.
