Page 39 | Ideas and Forecasts on Stocks — Saudi Arabia — TradingView

4012: ALASEEL Long Position ALASEEL 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

by Ahmed_Alshammari

2381 Arabian 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 Position MIS 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.

by House-of-Technicals

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 chart it is better to wait for the price to go to the outlined target for a good opportunity to buy

Arabian Drilling - Time to buy according the the doubled channel, we are at the bottom and it is expected to reflect until 160

#ALMARAI_#BEARISH TREND Looks 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)

by Humza_Mehtab

Buying Aramco Buy Aramco as described in the analysis provided and follow the steps specified in Stop Loss and Take Profit

by aboubakkrhajjamielidrissi

4031: Rebound from Support Price 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 TF To 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

by House-of-Technicals

4007 Potential Reversal Pattern, the target near to 63.8 Good Luck.

by ChartMakerPro

1010: Big probability of an uptrend We 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 idea Sell 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 idea On 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 Pocket Currently, 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.

by House-of-Technicals

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

by House-of-Technicals

114.50 - 115.50 is an Important Resistance 114.50 - 115.50 is an Important Resistance that should be Sustained for Upside Move. On the flip side, Good Support levels are 108 - 110 and then 96 - 98. However, Risky Players may take at Risk at CMP (109.80 - 110 should be Sustained on Weekly basis). Stoploss in this case should be around 95 (on closing basis)

by House-of-Technicals

30.80 - 31.80 is an Important Support 30.80 - 31.80 is an Important Support that should be respected for Upside Move. Next Support is around 28.60 - 28.80 Immediate resistance lies around 33.50 - 34 and if 39 is Sustained, we may wintess 45

by House-of-Technicals

Breaking 116 - 117 will expose 95 - 96 Bullish Divergence on Daily TF. 125 is an Important level that should be sustained on Weekly basis. From 126 to 130 - 133 can be a Swing Trade Setup with a Stoploss of 125.

by House-of-Technicals

Nahdi ### Key Points of a Falling Wedge 1. **Bullish Reversal Pattern**: Indicates a potential reversal from a downtrend to an uptrend. 2. **Converging Trend Lines**: Two downward-sloping lines that converge, connecting lower highs and lower lows. 3. **Volume Decreases**: Typically declines during the formation of the wedge, showing weakening bearish momentum. 4. **Breakout Confirmation**: A valid breakout occurs when the price moves above the upper trend line, ideally with increased volume. 5. **Trade Strategy**: Enter at the breakout, place a stop-loss below the lowest point of the wedge, and set a target price by adding the wedge's height to the breakout point.

by B9A-88652-NisarAhmad