Page 34 | Ideas and Forecasts on Stocks — Saudi Arabia — TradingView

1111: Great Upside Potential After Correction 1111 after correction has reached 61.8% fib level (Golden Pocket) A horizontal support level is also acting as trend reversal Formation of HH, HL are observed. Ride the trend with trailing SL. Manage your risk accordingly.

2281: Watchout_Double Top Formation 2281 is moving nicely in an ascending parallel channel taking support from a long-term trendline support continuously. Price has shown breakout from parallel channel and has formed double top at a critical resistance of 140. Bulls need to break the resistance of 140 to continue the bullish trend or wait for correction.

7204: Breakout and Retest 7204 was in correction for a while within descending parallel channel. Breakout followed by retest is observed on parallel channel. Price has started showing HH, HL formations after taking support from horizontal line which is also golden pocket fib level. A Bullish divergence is also formed. Take entry now (with aggressive or conservative SL) and ride the trend. Do proper risk management based on your portfolio and appetite.

DON'T BUY 2222 Dear Saudi Traders, Since Tomorrow is the day most of you are going to analyze their charts and place their ordres, I'm sharing with you the markets you can't buy for this week. The 2nd one on the list is 2222, you can see on the chart that the market has just pulled back on the strongest candle we have which plays the role of a strong level on the market. Plus, you pay attention for the volume which is still low to ride a Bullish move on the market. We'd be expecting the market to come lower to reach the level 26.80 before heading up again. Follow for more!

by YassineAnalysis

DON'T BUY 1120 Dear Saudi Traders, Since Tomorrow is the day most of you are going to analyze their charts and place their ordres, I'm sharing with you the markets you can't buy for this week. The first one is 1120, you can notice on the chart how the volume is giving us an indication not to buy, as the chart does when the market pulled back on the resistance level to head down to 78.7 level. Hold your funds for now. Follow for more!

by YassineAnalysis

Morning Star Formation on Weekly TF. Weekly Closing above 23.6% Fib. Level. However, Bearish Divergence is there on Weekly TF. Sustaining 62 is Important for now. Immediate Resistance is around 66 - 67. Risk can be taken with a Stoploss of 59 on Closing basis.

by House-of-Technicals

2222 an upward trend in the prices of an industry's stocks or the overall rise in broad market indices, characterized by high investor confidence

by Humble_Hunter

6040 an upward trend in the prices of an industry's stocks or the overall rise in broad market indices, characterized by high investor confidence

by Humble_Hunter

SAUDI TELECOME The weekly chart of Saudi Telecom shows move up. After break out golden point, will be continuing move up to hit the target.

Saudi Aramco 2222 going to 25.5 at least Saudi Aramco is having a cup and handle and going to 25.5 at least as shown in the chart. Something to mention, is that it could still increase to the baseline. But surely technically to the ~ 25.6

by MeshariSultan1

4015: Neckline Breakout Price is moving in Cup formation (continuous formation of HH, HL) A significant Neckline (Resistance) is broken. Wait for retest for a conservative entry. Trade as per risk.

Tanmiah (2281): Trendline Support Tanmiah is again at the trendline support confluence with horizontal support line. Entry levels with SL are specified with TPs. Manage your risk accordingly.

Long open position on Saudi Oil Index 2222 Open a long position on stock 2222 Based on wave analysis, the stock is in a good buying zone, and the news is encouraging for the stock to rise. Confidence with moderate and good risk. TADAWUL:2222

SAUDI ARAMCO BASE OIL CO. WEEKLY ANALYSIS After taken liquidity sell side and rejection of fvg we will see an expansian to fill gap

by Herotraderfx

8010: TAWUNIYA LONG 8010: TAWUNIYA has formed a cup and handle formation and a successful breakout of the pattern occurred recently. Long position can be taken with still room for 10-12% profit. Set SL below the breakout of handle Good luck!!

1321 EAST PIPES closed at 154, staying above its 100-day SMA despite recent volatility. The RSI is at 39.65, indicating potential for a short-term increase. The stock is hovering above 200-day SMA. In the near term, the stock appears to target 160, with medium-term targets between 167 and 172. It is recommended to consider buying on weakness or as it approaches the support level, with stop losses set at 139 to manage risk effectively. Risk & Reward Ratio is 1:2

Bullish Divergence appearing on Weekly TF. Important to Sustain 16 on Weekly basis. Though, inverted Cup & Handle formation is targeting way below. But confluence of Trendlines may act as a Good Support level around 16.30 - 16.60 It may touch 17.50 - 17.80 once atleast.

by House-of-Technicals

7204: AB=CD, POC, Golden Pocket 7204, is in Bullish trend: AB=CD, POC, Golden Pocket Enter trade with specified SL Manage your Risk Trail SL

4004: Dallah_Weekly Support (Rising Wedge)4004 is moving within Rising Wedge pattern Price is touching bottom support (Weekly chart) Descending Parallel channel breakout is observed Entry now with SL Trail SL Manage your risk

7203: Strong Support ELM has been in correction for a while. Bullish trend has started in recent past (Parallel Channel breakout). Price is in consolidation at a strong support level. Entry can be taken now with Conservative SL or Aggressive SL Manage your risk and trail SL

Monthly Closing is above the Support level 28.50 However, Bearish Divergence on Daily TF is playing well. Before falling further down, it seems that it will touch level around 31 once as there is a Bullish Divergence on Hourly TF also. On the flip side, 31.20 should be Sustained to start moving upside.

by House-of-Technicals

ABCD ???Crossing & Sustaining 46 will lead it towards 54 - 55

by House-of-Technicals

1302 | Diamond Pattern The technical chart of 1302 Bawan Company reveals a diamond pattern formation, which has recently experienced a breakout. The diamond pattern is characterized by a consolidation phase where prices initially form a narrowing range, followed by a breakout in either direction. In this case, the breakout has occurred, signaling a potential continuation of the previous trend or a reversal depending on the prevailing market conditions. Currently, the trend is bullish following the breakout from the diamond pattern. Key resistance levels to monitor on the upside include 50.20, 51.80, and 53.50. These levels may act as barriers to further upward movement. For risk management purposes, a prudent approach would be to place a stop loss below 45, aligning with recent price support and the lower boundary of the diamond pattern. Traders and investors may view the breakout from the diamond pattern as a bullish signal, suggesting potential further gains if the price continues to move above resistance levels. As always, monitoring price action and adjusting strategies in response to market dynamics are advisable.