8010: TAWUNIYA LONG8010: 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!!
LongLong
1321EAST 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
Long
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.
7204: AB=CD, POC, Golden Pocket7204, is in Bullish trend:
AB=CD, POC, Golden Pocket
Enter trade with specified SL
Manage your Risk
Trail SL
Long
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
Long
7203: Strong SupportELM 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
Long
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.
1302 | Diamond PatternThe 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 d
Long
Near Immediate Resistance?Immediate Resistance lies around 51.90 - 52
However, there is a Bullish Divergence on Hourly TF.
50 - 50.30 may act as a Good Support.
Next Support is around 49
Saudi Manpower BullishGood afternoon, investors! Today, we’re diving into the technical analysis of Saudi manpower , a stock that has shown promising signs of bullish momentum. We have identified key level on the carts with Strick stop loss. based on the key technical indicators and chart patterns that support our positive outlook.
DYOR # Do your own research
Long
Two Important Support levels Important point is that it has broken
the Previous HL thus giving a Signal of Trend
Reversal on Daily Basis.
However, Two Important Support levels
Support1 around 222 - 223
Support2 around 211 - 213
targeting around 230 - 235 initially.
On the flip side, if 235 is Sustained on Weekly basis,
it may continue its Uptrend with Initial Resistance
around 258 - 260
SAUDI ARAMCO BASE OIL CO. WEEKLY ANALYSIS
After rejection price of volume imbalance two time we will see an expansion to taken previous sell side and fill previous FVG
Long
Long
DON'T BUY 4003As you can notice on the chart we have a high volume bearish move, which means the market will break the current level and reach the next one where we can see how the xstock will act.
The comment section is all yours for further questions!
Short
DON'T BUY 2222I got lots of questions from people who have bought 222 and they're in losses now about if the stock will riase or no.
My answer is always NO, the price is falling down and it will keep falling to the LEVEL 26.60 where we can see what will be the next move of the price.
Short
**Bank Saudi Fransi (BSF) 1050 - Market Update and Analysis****Bank Saudi Fransi (BSF) - Market Update and Analysis**
**Overview:**
Bank Saudi Fransi (BSF) has recently undergone a significant shift in market dynamics, capturing the attention of traders and investors alike. The bank has executed a strategic move involving sell-side liquidity grab, a change in status delivery, and the formation of a Fair Value Gap (FVG), signaling a potential buying opportunity. Here's an in-depth review of these developments and their implications.
**Sell-Side Liquidity
Long
Making HH HL on Daily TF.
Bullish on All Time Frames.
However, Slight Bearish Divergence on Hourly TF;
which may bring the price towards 144.50 -145.50
& then around 136 - 137.
Important Resistance around 158 -159.
Sustaining 159 with Good Volumes will expose
New Highs, may be around 180s.
Note that Initial Resistance is around 153
that needs to be Sustained to neglect the
Bearish Divergence.
Play on LevelsPlan1
Buy Above 34 (if Sustained)
Sell around 39 - 41
Stoploss 33 (closing basis)
Plan2
Buy1 around 29.30 - 30.50
Buy2 around 27.30 - 28.50
TP1 around 33 - 33.50
TP2 around 35 - 36
Stoploss 26.80 (Closing basis)
1322The price action is in an uptrend making higher highs and higher lows with the negative session observed in the last trading session and price closes at 58.70 (-1.51%). Support level lies in the range of 57.50-58 where long position can be consider with the stop loss below 55 to manage risk. On the flip side, initial resistance lies in the range of 61-61.50 and secondary resistance range around 65-65.50.
Long
Buy SideBuy1 around 62 - 62.70
Buy2 around 58 - 59
Average Buying Rate would be: 60.43
TP1 around 65 - 66
TP2 around 67
Stoploss 57 (closing basis)
