Based on one of my followers request:
***( I don’t hold any positions in the stock).
1. *The stock: Is in a favorable position technically, possibly near a support level and showing bullish patterns.
2. **Entry Strategy**: Enter the trade at 81.5, such as a breakout from a consolidation pattern or a rebound from a support level.
3. **Stop Loss Strategy**: Place a stop loss at 79.5.
4. **Profit Targets**: Set three profit targets (R1, R2, R3) at different levels.
5. **Risk Management**: Manage your risk by determining the size of your position based on the difference between your entry point and stop loss. Avoid risking more than a small percentage of your trading capital on this single trade.
6. **Monitoring and Adjustment**: Keep an eye on market conditions and news that might affect the Saudi market. Be prepared to adjust your stop loss and targets based on how the stock and the overall market are moving.
Remember, this is just a conceptual idea. Actual trading should be based on thorough research, personal risk tolerance, and market conditions.
Dr Saud
***( I don’t hold any positions in the stock).
1. *The stock: Is in a favorable position technically, possibly near a support level and showing bullish patterns.
2. **Entry Strategy**: Enter the trade at 81.5, such as a breakout from a consolidation pattern or a rebound from a support level.
3. **Stop Loss Strategy**: Place a stop loss at 79.5.
4. **Profit Targets**: Set three profit targets (R1, R2, R3) at different levels.
5. **Risk Management**: Manage your risk by determining the size of your position based on the difference between your entry point and stop loss. Avoid risking more than a small percentage of your trading capital on this single trade.
6. **Monitoring and Adjustment**: Keep an eye on market conditions and news that might affect the Saudi market. Be prepared to adjust your stop loss and targets based on how the stock and the overall market are moving.
Remember, this is just a conceptual idea. Actual trading should be based on thorough research, personal risk tolerance, and market conditions.
Dr Saud
Trade closed: target reached
Trade closed: target reached
Trade closed: target reached
Trade closed: target reached