2222 trade ideas
Saudi Arabian Oil: Two Scenarios, Two Happy FacesSo the setup for this stock could go two ways. First things first, Its either in an uptrend or in a range market structure. It definitely recovered from its pandemic curfew prices, where its operating in a similar price range as of February 2020. So it needs to break that support line at around 33.5. If it does, next support line could be between 34.6 to 35. However, if it retraces in the next week, then this could be an opportunity to wait for it to reach support before buying again, where it'll operate between 32.3 and 33.5. I doubt it'll go back to 32.3 so I'd set my buy condition a little higher and watch if it does actually retrace. Definitely a buy for this stock, but time your entry well according to which market structure it turns into, especially since we don't have a lot of data for this stock. Comment or share your ideas, and lets learn together!
Buy opportunity for SAUDI ARABIAN OIL CONice uptrend continuing supported by a good volume, RSI also looks positive and above 50.
Buy opportunity for SAUDI ARABIAN OIL CODowntrend line was breached, RSI showing also a positive sign and above 50.
Short term sell for SAUDI ARABIAN OIL CODowntrend line was breached, RSI showing also a clear diversion.
Learning Elliot WavesPlease do not trade based on this.
If you are Elliot wave expert please provide your feedback that will be much appreciated.
One problem I can see is that wave 2 is not finish at 50% or 61.8%
Wait for the white line to be crossedIf the white line is crossed, the profit chance will exceed 90 percent
I advise you to buy immediately after crossing the white line
Buy signal for Saudi Arabian Oil Company stock. Downtrend line was breached, with a nice rising volume, RSI stabilize above 50, which indicates to positive momentum growth.
SAUDI ARABIAN OIL CO is likely to go up . TADAWUL:2222 is likely to go up to around the 34 area , IF it closes considerably above the 34 in an upcoming day with a bullish candle we could expect it to reach the 38-38.5 area .I think this is a good time to buy TADAWUL:2222 .
ARAMCO: Hammer TimeSo this stock has been very stubborn, but the upwards channel trend is easy to spot. On a day scale, today technically closed with a hammer, which is a good sign. Also, strong buyers support for this stock is keeping it from getting too close to the support line or the 32.2 price for that matter. Not only that, but the tadawul market today showed that buyers aren't letting sellers push the index down. Increased oil prices and the expectation that demand for oil will return should also be positive. I'm bullish on this and on the tadawul index as well, although I expect the slope not to be too high for this stock specifically, it'll take some time for it to build up. Comment or share your ideas, and lets learn together!
Aramco Buy or Sell?Interesting scenario here, i was expecting the price to retest 32 level but its stopped on 32,20 so what do we do now? oil prices going up which is a good sign of recovery in prices also economy is opening up which is positive again.
I see 2 scenarios from here either the price come little down retest 31.95 zone and bounce from here giving us a buy signal or the price and move up from here aggressively without retracing any further. so what the game plan? in both the scenario i think its better to wait till it gives us a buy signal and indicating that the retracement is completed. Lets wait and watch and not to rush and take the trade. Sure i am looking to buy this stock so i am bullish on this one. Happy Trading
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Aramco stockAramco stock for buying if it's will cross this resistance we can see the price stock between 35.05 or 36.76
[BUY] IDEA ARAMCO Hello traders i took a look to the data series of SA market and it seems that a trend buy is coming .
this my analysis .
Sell signal for SAUDI ARABIAN OIL COThe Stock reaches from the volume point of view to the Buying climax, and we saw several upward rejections, also the RSI is below 50 Level which from my point of view another negative sign.
prediction and analysis for SAUDI ARABIAN OILwee see a trend line up and a springbox showing with some great volume above the VWAP so that a sign TO GO LONG
