Please share with me your thoughts
Tasi today gave a nice closing confirming more upside or rather resuming upside after the current small retracement from the recent highs. It also corresponds with FIb retracement levels. Market is ready to move upside and to test the 200 ema very soon. I can predict a J hook pattern which can be very strong up side move. I am bullish on this one. Happy Trading...
slow and steady retracement at the breakout levels. I think more upside coming soon. Many shares in tadawul have given breakout and are coming back for a restest i think more bullish scenario coming ahead. Happy Trading :) Hit like & Follow
Tadawul index is under pressure and in a range after heavy sell off triggered. Its been in this box for a while now and after 2 doji days i think either it should breakup or retrace from here and retest the bottom of the box area. Though still in a range but highly trade able as the range is big and looks juicy. In my opinion it will break up testing the 200 ema...
Recently , TADAWUL:2350 had enough bullish strength to break above the black line . If we close in an upcoming day considerably above the green area (significantly above the 8.8 ) , this stock would very likely continue up towards the first blue rectangle area at the 9.8-10 area , with an important potential to reach the second target at the secong blue...
TADAWUL:2010 gave a buy signal , I think price is likely to continue up to around the first blue rectangle (88.3-91.5 Area) which would be the first target with a powerful level around the 88.3 (first blue line) . It would be interesting then to watch If the price breaks and closes in an upcoming day considerably above the first blue rectangle (Above the 91.5)...
After publishing (On May 1st) the buy entry on my profile for TADAWUL:7010 it went from around 90 to 100 so far (Over 11% Growth) .Right now , being priced at 100 , there is still a promising potential for this stock . In fact this stock is showing a powerful bullish momentum .AS LONG AS it remains CONSIDERABLY ABOVE the black line (like now) and closes the week...
Saudi Telecom shares are witnessing a downward trend towards level 61 and if this level is not strongly broken, then we will buy as soon as the market rises and break the level 100 and the target will be level 161.
2 scenarios for buying and selling are possible.
I think one still needs clear signs from TADAWUL:2010 before making any decision , because right now this stock has yet to confirm where price is heading .The way price will behave around key areas in the days to come will probably confirm the direction price is going to take .I think right now it would be better to just back up and wait for a sign .
TADAWUL:7010 has a considerable potential to go up but to consider buying this stock , confirmation is needed .I think a good confirmation would be to have price closing considerably above the green line (above the 93 area) in an upcoming day .After we get this confirmation , price is very likely to continue going up until around the 103 area .I am convinced that...