Summary • TASI / KSA break out of bull head & shoulders bottom trend reversal pattern. • Indicates continuation of long-term upward sloping trend channel. • Key Fibonacci zone targets marked on enclosed charts. Bullish reversal is indicated as the Tadawul All Share Index (TASI) (Saudi Stock Market) breaks out of a head & shoulders bottom reversal pattern at the...
Hello Traders, The second scenario "which I wrote previously" could be valid, which we are in wave 2 and should see wave 3 coming. Position Strategy When the price reaches 7.40 Saudi Riyal, we should respect the bullish bar on the monthly chart, and go long, with a lost stop of 6.09 Saudi Riyal. This scenario is only confirmed when the price hits a price...
Hello Traders; As you can read from my chart, we might be at the end of Wave 2 and possible wave 3 starts; placing a buy stop on 8.06 SAR with loss top on 7.78 SAR. Wave 3 is only confirmed when a new high is achieved :) Happy freaking trading :)
Hello Traders, Previously I built up positions that Saudi Re should starts a WAVE 3 up, our analysis were wrong, and we saw that it created a new low. There are two scenarios, I will speak about the first, which looks like most probable so far 1st Scenario Saudi Re is in the third wave down, and it should target a target zone of 4.00 Saudi Riyal. We short...
We believe that TADAWUL:3002 is witnessing an end to the correction of the 2nd wave, we should face a strong impulsive wave! If we are right, then our entry should be at 9.30 with a loss stop of 9.14 Happy Trading!
Hello All, Tadawul declared that the Saudi Market requires more listed Reit Companies in Saudi Arabia TADAWUL:TRTI , and they justify that there is a need and more demand from investors. It has been one year so far and we do not see such demand from an Elliot wave principle, which makes us produce two theories of Elliot Wave 1- We are facing a temporary...
Breaking out of inverse head and shoulder pattern. Tgt 120 , book profit at 120-125 and the reenter at the bo of 100-101. stockdada.com
Broken out of long term resistance with good volumes. Go long with a short term tgt of 20-22 . stockdada.com
Hello All TADAWUL:8200 Just to define the elliot wave on Saudi_Re TADAWUL:8200 , We can see the correction ABC is over of the 4th wave, and we should expect the 5th wave with a target of 12.00 SAR minimum :) My other thoughts is the whole wave is considered 1 :) we could be in the third wave of some degree :)
Hello Traders, Our first analysis about TADAWUL:8200 was that we were in the process of developing wave 5! I guess we were wrong!!!! Since Nov 2017 and things became more obvious, we are certainly in the process of Wave 3, it is still developing! which we expect a very powerful uptrend, nothing can stop this trend! We should be targeting between 13 to 17 SAR...
Hello Traders :) Now, it is a matter what price it will be hit first :) so we have two options: 1- Price hits 10.24, definitely go long and buy big time :) 2- Price hits 9.79, defintly go short and sell big time :) There are no buts, the rule is clear :) Happy Trading :)
Hello Traders :) TADAWUL:2280 it has been crazy, it was in a beautiful trend up, heavily corrected and retraced 61%! we believe it is the end of correction of W4 and we should expect W5 to come up soon. We target between 75 to 95 SAR :) Happy Trading