4200: High probability of an uptrendWe have a high probability of having an upward trend as you can see on the graph if and only if all the analysis conditions are met.Thanks!
2060 Al Tasni Company Summary
2060 Al Tasni Company, currently priced at SAR 11.40, operates in the petrochemical manufacturing sector. The stock is forming a price range between SAR 11.10 and SAR 11.60, presenting a potential entry point for investors.
With a 52-week range of SAR 10.40 to SAR 15.50, the company has shown volatility influenced by market trends.
It maintains a robust balance sheet with healthy cash reserves and manageable debt. Recent financial results indicate consistent revenue and profitability.
Analysts rate the stock as a "Buy," with a 12-month price target of SAR 14.00 to 17.
A Key growth drivers include expansion plans, new product lines, and strategic partnerships. Investors should monitor global oil prices and regulatory changes in Saudi Arabia, while considering a stop loss at SAR 10 to manage risk.
4200:Buy ideaBuy idea on 4200 as you see on the chart after the breakout with force the vwap and the resistance line by a big green candle follow by a large green volume. Thanks!
A technical look at the stock chart for STC Saudi ArabiaTechnical analysis indicates that STC stock may decline soon
This decline confirms the formation of a negative technical pattern on the monthly and weekly frames, and it is expected to visit the area marked in white to complete the objectives of the descending wave. TADAWUL:7010
4012: ALASEEL Long PositionALASEEL created a HH,HL formation
Entry is triggered at 5.19 as morning star candlestick pattern is formed at HL and trend line is respected
Long Position can be taken with:
SL = 4.99 ; TP = 5.78
Risk/Reward = 1:3
Good Luck!!
Alahli Bank to all time high as you see in the chart everything is clear
i hoop to activate the SL NO jokes with STOP LOSE
we will change the SL soon when we get some confirmation in the chart.
GOOD LUCK & TRADE SAFELY
2381Arabian Drilling Company is in a down trend since 18th March' 2024. Currently it is testing its demand zone around 136 and RSI indicator is at over bought level and the doji candle formation is observed which indicates a bullish reversal from this level. Use stop loss below demand zone at 130. Initial resistance lies around 148 upon break and sustain secondary resistance lies around 156.
7200: MIS Long PositionMIS created a HH,HL formation
Entry is triggered at 164.8 as bullish candle is formed at HL
Long Position can be taken with
SL = 158.4 ; TP = 178 (ATH)
Risk/Reward: 1:2
Good Luck!!
Though Still in Downtrend but Though Still in Downtrend but
Bullish Divergence on Daily TF.
Seems like taking Support from 17.14
which is 78.60% fib. retracement level.
Entry can be taken at CMP with a Stoploss of 17
(on closing basis) targeting 18.50 - 19 initially
which is again 61.8% fib level.
SAUDI ARABIAN OIL (MAY 2024)as it is outlined in the chart the price is more likely to visit around the black line before collapsing to our target (outlined in the former post)
Saudi arabian oil monthly chartit is better to wait for the price to go to the outlined target for a good opportunity to buy
Arabian Drilling - Time to buyaccording the the doubled channel, we are at the bottom and it is expected to reflect until 160
#ALMARAI_#BEARISH TRENDLooks like Bearish trend will continue for a little while based on the current chart pattern. Possible entry point can be seen in the chart highlighted in Blue and with red.
#DYOR (Do your own Research)
Buying AramcoBuy Aramco as described in the analysis provided and follow the steps specified in Stop Loss and Take Profit
4031: Rebound from SupportPrice has touched support level and started taking a ride until specified resistance level
price moving in a range bound
Support and resistance levels are specified for short term trade
Enter more after breakout
2281: Tanmiah (Rebound after correction)Financial results show disappointment for the traders in Tanmiah
Cost has taken a correction (78.6% fib levels)
Price appear to be taken support from Volume Profile (POC)
Trade with specified SL (or even tighter SL)
TP levels are identified.
LL on Daily TFTo Continue the Bullish Trend,
it should cross & sustained 36.10; the target
would then be around 44 - 45.
Recently, it made a LL on Daily TF.
Now 32.60 - 33 should be Sustained, otherwise
the price will move further down towards
29.80
1010: Big probability of an uptrendWe would have a high probability of having an uptrend if and only if the vwap indicator as well as the resistance line are broken forcefully.Thanks!
1120: Sell ideaSell idea on 1120 as you see on the chart because we have two pullback on vwap and also we have the breakout of the support line.Thanks!
2222: Buy ideaOn 2222 as you see on the chart we could have a big probability to have an uptrend if only if we have the breakout with force the vwap and the resistance line by a big green candle follow by a large green volume! Thanks!
Golden PocketCurrently, it is in Golden Pocket and if it takes Support
from this level, we may expect Good Gains.
It should Not Break 85 on Monthly Basis (monthly support level).
Breaking this level will expose 63 & then 55 in bit longer term.
However there is a Bullish Divergence on Daily TF
& we may expect reversal from around 86 -87.
Initial hurdles can be 92 - 93 & if 97 is Crosses &
Sustained, we may witness trend reversal targeting
100 then 108.
Bullish Divergence on Hourly, Daily as well as Weekly TF.Bullish Divergence on Hourly, Daily as
well as Weekly TF.
Entry can be taken around 31 - 31.70 with
a Stoploss of 29 on Closing basis.
Immediate Targets can be 34 - 35
However, it would be More Bullish & will
be in Uptrend once it croses 35 - 36
