Tadawul
Tadawul: 2030 Al Masafi Long PositionBackground
TADAWUL:2030 in bearish market since 18th of Jan 2022 (156 d) with a loss of 46.99% (69.98)
Current Situation
The recent oil price hike observed a series of trend reversal candle stick patterns consisting of Morning Star, and Tweezer Bottom Pattern in succession during the past 8 days (since 20th June 2022)
Trading Strategy
Entry Point = 92.10
Stop Loss = 88.70 (30 points less than Low of 1st candle of bottom tweezer t avoid stop loss hunting)
1st Target or T/P = 95.5
Portfolio Size = 1000
Risk = 2%
Risk/Reward Ratio (R/RR) = 1.0
Qty = 5
Total Investment in Trade = 460.5
Maximum Possible Loss @ Stop Loss = 460.5 - 443.5 = 17
2380 : Petro Rabigh (+50% by Dec 2022)Petro Rabigh chart had performed very well for us last year from sub 14 to 27 SAR and now is about to perform again!
The reason for this projection is the underline macro trend that is now confirmed and is about to break to the upside with potential gains of +50%.
The method we use is HVF, long tested and proved accurate with combined with volume analysis.
What we see in this chart is an imminent move in the stock to +23% from current levels by July 2022. And +50% by year end. Other targets are marked on the chart.
if 2160 breaks these 2 levels buyers will be happyHello
If 2160 breaks these 2 levels buyers will be happy.
As you see on my chart, 2160 has reached its historical low price, and normally shoud recover its health.
I said always that i am not having a cristal ball to predict markets future but i am trying to be more efficient and rational during my trading.
Good luck and if you need more analysis i will be glade to answer you
possible scenarios for 4081 Hello traders and investors
As it is figured on my chart there are 2 scenarios, so what you should keep on mind it is the fact that one of these 3 zones should be broken with huge volume and a nice big candle.
We don't have a cristal ball predicting markets but we try to follow the decided market trend.
Be aware and do not resist from a loss, if it's the case close your trade when you feel that the mathematic expectancy of winning becomes low.
good luck
please don't hesitate either to comment my post and ask me if needed