Tasi - FINANCIAL SERVICES INDEX - Bearish SignsShow some weak signs:
1- Resisstence level at 6590
2- 200 Moving average resistance
if price can't break resistance
target will be:
TP1: 6200 level
TASI
Tasi - CONSUMER SVC INDEX - Bearish Signs Show some weak signs:
1- Double top
2- Traingle after strong down move
There is no sign yet for price to go up RSI under 50 and RSI MA, if price continue down
target will be:
TP1: 200 MA
TP2: 4257 level
Tasi - Correction Signs Show some weak signs:
1- Break VAWAP
2- Bearish Divergence
back to retest 200 Ma or deep correction to 10504
target will be:
TP1: 11159
TP2: Daily 200MA
ABDULMOHSEN ALHOKAIR 1820 - Bullish Signs Show some good signs:
1- First 200 MA retest
2- 2.07 support turn to resistance with good bullish candle
If price continue up
target will be:
TP1: 2.19 level
TP2: Daily 200 MA
HALWANI BROS. CO. 6001 - Bullish Signs Show some good signs:
1- Bullish H&S
2- Retest VAWAP
If price continue up move
target will be:
TP1: 52 level
TP2: Daily 200 MA
TP3: Weekly 200 MA (pink line)
long for long time, TASI. The main stock market index in Saudi Arabia (TASI) increased 604 points or 5.76% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks this benchmark index from Saudi Arabia.
AL-OMRAN INDUSTRIAL TRADING CO. - Bearish Signs Show some weak signs:
1- Strong down move
2- Break strong support
If support turn to resistance
target will be:
TP1: 22 level
4013: Watchout for trendline Breakout4013 has been in correction after making ATH.
A significant support (Ascending trendline) was broken in recent past for the first time.
After completion of Harmonic Pattern, Double Bottom formation, a short upside move is observed (formation of HH, HL).
However, ascending trendline will be acting as resistance now.
Although, breakout of trendline was observed during the recent bullish trend, but couldn't sustain.
Wathout for breakout of ascending trendline resistance for long entry.
Trade with SL
7203_Breakout (Bullish)7203 has been in bearish trend (correction) for a while after making All Time High.
Formation of LL, LH respecting a descending trendline resistance (Triangle Top)
Recently has made a double Bottom confluenced with Golden Pocket, Good Support Level.
Breakout of Descending Trendline is observed for first time in a while.
After retest, trendline is respected (acting as support).
Long position above horizontal resistance line can be taken (confirmation after formation of HH)
Bullish trend will be confirmed after formation of HL
Trade with SL
TASI_ Wait for Support BreakoutTASI has been in correction for a while
A trendline breakout is observed recently (with Formation of HH) which gave a short positive upside movement.
Formation of HL in progress
11,000 is a significant resistance line
Bulls need to break the resistance line for upside movement.
Watch for individual stocks for proper entry
TASI has a promising opportunity Dear supporters
I got a lot of request to analyze the Saudi Index TASI, here we are.
most of the stocks now at the accumulations phase and I see a very good investments and trading opportunity.
good luck every one
extra stock in saudi marketno entry at that point we can enter at confirmation when pentrating the area shown in the video
4191 Fourth wave is about to finish Abo Moati (4191)
since December 22 till now Abo Moati begins a bullish move, moreover, on 29 March there was a change of character on daily timeframe.
Now, it is about to finish the fourth wave as an irregular flat (ABC).
TP is set as wave 5 target between 40-44
SL 30 in which wave 1 ends
One more bounceThere are good chances it may revisit the support area 10860 zone then we may see fresh buyers coming it to catch the bottom. Next strong area of resistance is 11400 zone if that is taken out then we may see new highs in TASI soon.
With oil prices climbing up Saudi Stocks will see good push and will attract more investor. If you want more updated on Saudi Market then hit LIKE & follow.
ELM | 7203 | #TASIThat's a good candle for today, in my opinion, it's good to buy today and tomorrow unless the bar shape is change.
Don't be rush. TADAWUL:7203
STOP LOSS IS CLOSING BELOW 740.
Tasi date of 16/10 is crucial for the current waveSupport and resistance levels are critical elements in guiding market trends, and in the TASI index, they play a vital role. The level of 10955 is considered primary and significant daily support, and closing below it represents a sensitive trading zone. On the other hand, 10522 is a major support level that requires careful monitoring, as it could potentially serve as a turning point for the price pattern if it successfully tests this resistance.
If the region around 10412 is breached and there's a weekly or monthly close below this level, it could signal that the market has entered a risky zone, potentially leading to further downward movement. Therefore, it's essential to closely monitor this level.
Finally, the date of 16/10 is crucial for the current wave, as it may bring significant developments to the market. It is advisable to ensure that this date is marked on the economic calendar and included in technical analysis to track important events that could impact financial markets.
Aramco stock (2222) in the Saudi TASI
With the latest update in Aramco's stock movement, it's important to focus on the key level of 34.3. The timing of its breakthrough is crucial, as it can potentially serve as a catalyst for breaking through the 36 regions. This formation suggests a strong incentive for an upward breakout.
The potential target for this upward movement is in the range of 40 Saudi Riyals. However, it's essential to remember that all investments come with risks, and market conditions can change rapidly. Therefore, it's advisable to monitor the stock closely and stay informed about any significant developments that may impact its performance.
As always, investing in the stock market carries inherent uncertainties, and the final outcome depends on various factors. Keep in mind that market dynamics can be unpredictable, and it's essential to make well-informed decisions based on thorough analysis and risk management.
TASI Weekly ChartTadawul TASI Weekly chart with major pivots.
Each blue line is 45 degrees from HL to major HH.
H. Numbers are thirds numbers between angles.
STC Solution | 7202 #TASIEntry 333 as my opinion
stop loss 320
it shows as in the chart of ABC correction is correct which indicate that coming wave is beginning
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