Get started
1321 - 6 months RECTANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
TADAWUL:1321Long
by TheArtOfCharting
2
📈 Technical Analysis of SAUDI AIRLINES (6004) Shares 📊📈 Technical Analysis of SAUDI AIRLINES (6004) Shares 📊 SAUDI AIRLINES (6004) has recently witnessed some interesting developments on the daily timeframe, indicating a potential bull run using the "Smart Money" concept. Let's break it down with some emojis to make it more fun! 🚀💰 1. **Smart Money Concept:** 🧠🤑 The Smart Money concept suggests that institutional investors and experienced traders are making significant moves in the market. These big players often have access to valuable information and can influence stock prices. 2. **Bull Run Indicator:** 🐃📈 Several technical indicators may hint at the start of a bull run: - **Moving Averages:** 📉➡️📈 The stock's moving averages (e.g., 50-day and 200-day) have crossed over or are diverging, which is a bullish signal. This indicates growing upward momentum. - **Volume Increase:** 📊📈 Increased trading volume suggests growing interest and participation in the stock, a classic sign of a potential bull run. - **MACD Indicator:** ⚙️📈 The Moving Average Convergence Divergence (MACD) is showing a bullish crossover, further indicating potential upward movement. - **RSI:** 📊📈 The Relative Strength Index (RSI) is trending upwards and is not yet overbought, implying room for further price appreciation. 3. **Candlestick Patterns:** 🕯️📊 Look for bullish candlestick patterns such as hammer, engulfing, or morning star patterns to confirm the bullish sentiment. 4. **Support and Resistance:** 📈🔒 Identify key support and resistance levels. A successful break of resistance can be a strong signal of a bullish trend. 5. **Fundamental Analysis:** 📰📈 Keep an eye on any fundamental developments or news related to SAUDI AIRLINES. Positive news can further support the bullish case. 6. **Risk Management:** 🛡️💡 It's crucial to manage your risk properly. Use stop-loss orders to protect your investments, and never invest more than you can afford to lose. Remember, while these indicators and concepts can be helpful, no analysis is foolproof. It's essential to do your research, consider the broader market context, and consult with a financial advisor if needed. Happy trading! 📈🤑🚀 #StockAnalysis #BullishTrend
TADAWUL:6004Long
by Asif_Brain_Waves