High Quality Setup for Saudi Aramco StockTADAWUL:2222 Discount buy opportunity at the determined price
Tight stop , tiny risk , enjoy huge profits .
Falling wedgeFalling wedge in up trend , increase in volume , retest done and moving average 50 support .
Inverse head & shoulder patternThe price recently triggered an Inverse Head and Shoulder chart pattern after breaking through the SAR 135 area, the neckline of this pattern, which is another bullish reversal chart structure. First and second targets are 140 and 144 respectively. Risk is defined below the break of neckline around 133.
4003The current price action exhibits an uptrend, characterized by successive higher highs and higher lows. Notably, when the price touches 200 day SMA, it rebounds upward, establishing new highs. In the recent trading session, the price concluded at 81.1 following a decline of 0.5 SAR. The entry level is identified at 81, with a target set at the previous high that is around 83.50. Risk is defined below 79.50
📈 Technical Analysis of SAUDI AIRLINES (6004) Shares 📊📈 Technical Analysis of SAUDI AIRLINES (6004) Shares 📊
SAUDI AIRLINES (6004) has recently witnessed some interesting developments on the daily timeframe, indicating a potential bull run using the "Smart Money" concept. Let's break it down with some emojis to make it more fun! 🚀💰
1. **Smart Money Concept:** 🧠🤑
The Smart Money concept suggests that institutional investors and experienced traders are making significant moves in the market. These big players often have access to valuable information and can influence stock prices.
2. **Bull Run Indicator:** 🐃📈
Several technical indicators may hint at the start of a bull run:
- **Moving Averages:** 📉➡️📈
The stock's moving averages (e.g., 50-day and 200-day) have crossed over or are diverging, which is a bullish signal. This indicates growing upward momentum.
- **Volume Increase:** 📊📈
Increased trading volume suggests growing interest and participation in the stock, a classic sign of a potential bull run.
- **MACD Indicator:** ⚙️📈
The Moving Average Convergence Divergence (MACD) is showing a bullish crossover, further indicating potential upward movement.
- **RSI:** 📊📈
The Relative Strength Index (RSI) is trending upwards and is not yet overbought, implying room for further price appreciation.
3. **Candlestick Patterns:** 🕯️📊
Look for bullish candlestick patterns such as hammer, engulfing, or morning star patterns to confirm the bullish sentiment.
4. **Support and Resistance:** 📈🔒
Identify key support and resistance levels. A successful break of resistance can be a strong signal of a bullish trend.
5. **Fundamental Analysis:** 📰📈
Keep an eye on any fundamental developments or news related to SAUDI AIRLINES. Positive news can further support the bullish case.
6. **Risk Management:** 🛡️💡
It's crucial to manage your risk properly. Use stop-loss orders to protect your investments, and never invest more than you can afford to lose.
Remember, while these indicators and concepts can be helpful, no analysis is foolproof. It's essential to do your research, consider the broader market context, and consult with a financial advisor if needed.
Happy trading! 📈🤑🚀 #StockAnalysis #BullishTrend
4040 is expected to cross 17.4, target 19.6Saudi Public Transport Co.
On the daily chart, the tech. indicators are showing tendency to cross 17.4 up (the resistance line), then the target will be 19.6
Stop loss 16.8 - 16.5
On the weekly time frame, above 18.5, the far target will be 35.7
8010 consolidate stateThe current market exhibits a consolidation phase, with support at 114 and resistance at 128. The recent close at 119 aligns with the 50-day SMA. The pattern indicates potential upward momentum if the price maintains support, with a target around 125. Monitoring the price's ability to sustain support is crucial for anticipating the projected upward movement.
4262 upside continuesThe current price action exhibits an uptrend, characterized by successive higher highs and higher lows. Notably, when the price touches the lower Bollinger band, it rebounds upward, establishing new highs. In the recent trading session, the price concluded at 94.40 following a decline of 1.7 SAR. The entry level is identified at 94, contingent upon the support of the lower Bollinger band, with a target set at the upper band level of 97.50.
2090 -Tadawul - Possible setup.breakout of trend line, buy at current price with the stop loss of 19.35, and Take profit is 24.50.
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
ARAMCO 2222 is preparing to cross 33.7, then 35, 36.7On the daily chart, ARAMCO 2222
is preparing to cross 33.7, then 35, 36.7
The stock may test support 33 - 32.5 then rebound.
Technical indicators RSI and MACD are supporting this view.
Above 37, the next target will be 43.5 (weekly range)
Stop loss at 32.5 - 32 should be considered.
Strong Sell Signal On AL RAJHI BANK With High Probability!Hello ladies and gentlemen, according to my graphical analysis of AL RAJHI BANK, there is a high probability of a decline towards the 68 SAR level in the next few months!
2281: Watch for Breakout (Bullish)After major correction (series of LH, LL), 2281 has started formation of HH, HL (Bullish Trend).
Price is ranging in a descending parallel channel.
Breakout of parallel channel top, formation of another HH can be a profitable trade.
Ride with trailing stop loss.
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
📊 2223 Shares Technical Analysis 📈📊 2223 Shares Technical Analysis 📈
🔍 On the daily timeframe, we're exploring the potential for a bull run using the "Smart Money" concept. Here's a quick breakdown:
**Trend**: The stock has been consolidating, indicating market indecision.
Remember, this is not financial advice. Do your own research and consult a professional before investing. 🚀💰💡
Aramco has a potential to go up more and moreHello dear investor
As you see on my chart 2222 will probably raise to reach its 32.75 and 42 levels
Keep in mind that 2222 breaths its 50% corridor evolution so when we notice breaks out of these coridors it will reach the next key levels on blue color.
Remember dear ionvestors that I am not using cristal ball to predict future markets but I try to be more efficient and more rationnal.
Good luck and if you like my posts ecourage me and feel free to ask me analysis for any market you want
saoudi basic industries holders be awarehello
first as you see on my chart resepects its evolution according to the figure so:
- if it breaks the suuport line around 65.8 it will reach 59.4 then maye be pulback toward its broken support then continue its free fall until 38.6 or more.
- otherwise it will rebond on its support and buyers can hold their stocks wishing higher levels
Remember that this support is a critical level so pay attention
NB:the horizontal blue line presents a historical level that retraces history of this stock
Keep in mind that i am not having a cristal ball predicting future but i try to be more efficient and rationnal
