longBullish Divergence on Daily as well as Weekly TF. If this week closing stays above 130, this would be a positive sign.by House-of-Technicals0
Sustaining 125 will lead it towards further upsideSustaining 125 will lead it towards further upside. Immediate resistance levels can be 131 and then 137. On the flip side, 110 - 111 may act as Immediate Support levels on Weekly basis. For a ABCD Pattern Trade, let it Cross & Sustain 148 for a Target of 200.by House-of-Technicals0
ADES near breakout ADES near breakout after completing a cup and handle pattern, for observation..... Breaking 20.28 is very positive 2Longby Ammarxv14110
Long open position on Saudi Oil Index 2222Open a long position on stock 2222 Based on wave analysis, the stock is in a good buying zone, and the news is encouraging for the stock to rise. Confidence with moderate and good risk. TADAWUL:2222 Longby CRYPTOMMS0
I hope im wrong.I know this is a good company in sheets. But I don’t know, i hope im wrong. If the idea works means not just a price going down it’s mean there is something wrong in there sheets. I didn’t go deeply in there sheet but they have good reputation. + the chart hv deep targets not only what i put in here, but i will keep them later. This just a TA not Financial advice. Hv good day.Shortby Ahmed_Alshammari0
2210 NAMA Targets and stop on the chart, 12 June 24 bottom and change of the direction Longby ADEL_DXB0
DON'T BUY 2222I got questions from people if they can buy 2222 or no, My answer is don't buy it, and if you have any position you're holding just close it since the stock is still pushing downwards and there's no indication now to buy. You can notice on the volume that the sellin power is still high so there's no point of buying now. For further question or suggestions for stocks to buy, don't hesitate to ask!Shortby YassineAnalysis2
SAUDI ARABIAN OIL CO.Long trade with positive ratio. if you have any questions do not hesitate to contact me.Longby elmehdisaddatiUpdated 1
Saudi Arabian Oil Co / AramcoMarhaba Saudi Arabia stocks were lower after the close on Sunday, as losses in the Cement, Hotels & Tourism and Energy & Utilities sectors led shares lower. at the close in Saudi Arabia, the Tadawul All Share lost 0.17%.the best performers of the session on the Tadawul All Share were Wafrah for Industry and Development Company SJSC (TADAWUL:2100), which rose 5.74% or 1.75 points to trade at 32.25 at the close. Meanwhile Aramco couldn't break 32.40 now heading to lower level 31.50,as you see we still in down trend, the biggest support level for Aramco is 30$ and I think its one of the good buy zones too Crude oil for March delivery was unchanged 0.00% or 0.00 to $80.11 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 1.74% or 1.46 to hit $85.49 a barrel, while the February Gold Futures contract rose 1.29% or 24.55 to trade at $1,923.35 a troy ounce. by moonyptoUpdated 25
Analyzing Current Downtrend and Strategic Trading Opportunity.Current Market Conditions Saudi Aramco’s stock (2222.SR) has recently been showing a clear downward trend, closing at 28.20 SAR with a drop of 2.76%. This analysis aims to provide a comprehensive overview of the current technical indicators, patterns, and price action to forecast potential price movements and suggest strategic trading positions. Candlestick Patterns and Price Action The weekly candlestick chart reveals persistent bearish momentum. The latest candlestick pattern is a significant red candle, indicating strong selling pressure. The stock has been consistently making lower highs and lower lows, a clear indicator of a bearish trend. Key Technical Indicators 1. Relative Strength Index (RSI): The RSI is at 23.04, which is deep in the oversold territory. This suggests that the stock is currently under heavy selling pressure, but it could also indicate a potential for a short-term rebound if buyers step in. 2. Stochastic Oscillator: The %K and %D lines are both below 20, further confirming the oversold condition. However, the lines have not yet crossed, suggesting that the bearish momentum may continue for a bit longer. 3. MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, and both are in the negative territory, indicating that the bearish trend is well-established and likely to continue. 4. Moving Averages: All major moving averages (10, 20, 50, 100, 200) are indicating a sell. The stock price is below these moving averages, which act as resistance levels in the current downtrend. 5. Ichimoku Cloud: The price is well below the Ichimoku Cloud, and both the Conversion Line and Base Line are bearish, with the Leading Span A below Leading Span B, reinforcing the bearish outlook. 6. Awesome Oscillator and Momentum: Both indicators are showing negative values, indicating bearish momentum. Market Sentiment and News Recent news surrounding Saudi Aramco has been mixed, with market reactions to global oil price fluctuations and geopolitical tensions affecting investor sentiment. The bearish technical indicators align with broader market concerns, reflecting the overall negative sentiment. Price Targets and Trading Strategy Given the current technical setup, the stock appears to be in a strong downtrend. Here are the speculative price targets and suggested trading strategies: Short Position: Enter a short position if the stock breaks below 28.00 SAR with a target price of 25.00 SAR, setting a stop loss at 29.00 SAR to manage risk. Long Position: Consider a long position only if the stock shows a clear reversal signal, such as a bullish divergence in the RSI or a strong bullish candlestick pattern. Enter above 29.50 SAR with a target price of 32.00 SAR, and a tight stop loss at 28.00 SAR. Conclusion Based on the current analysis, Saudi Aramco’s stock is likely to continue its bearish trend in the short term. Traders should be cautious and look for confirmation signals before entering any positions. The suggested short and long strategies provide a balanced approach to capitalize on the stock’s movements while managing risk effectively. As always, stay updated with the latest news and market developments to adjust your trading strategy accordingly.by AxiomEx0
Alwasail industrial company My Elliott wave idea about alwasail this is not financial advice disclaimerby Ahmed_25130
NAHDI 4164The positive trend to targets as shown on the chart, stop loss closing below 129 SAR Longby ADEL_DXB2
BUY 2010Today I'm sharing with you one of the trades I shared with my private community, As you can see on 2010, we have a pullback with a confirmation on the level 75.9. You can buy now with a TP and SL as sat on the chart. For further questions and stocks to buy don't hesitate to ask!Longby YassineAnalysis225
Trade wiselyImportant Support lies around 50.50 - 51 & then around 43 - 43.50. For Fresh Entry, either 54 should be Sustained else, wait for the mentioned Support levels.by House-of-Technicals2
4200: Buy ideaBuy idea on 4200 as you see on the chart. Why do we have an idea to buy the 4200? This can be explained by three factors. It's about: - The break of the resistance line; - The break of the Vwap indicator. - Finally all this is accompanied by large volumes. Thanks!Longby PAZINI193
A technical look at Al Rajhi Bank stock After the price broke its historical peak Al Rajhi Bank shares are preparing for a correctional journey with prices that are very suitable for those who are ready to invest in this bank. Orange levels are very good to buy the stock. TADAWUL:1120 Shortby CRYPTOMMSUpdated 2
2082: ACWA POWER LONG POSITION2082:ACWA POWER seems to have potential for a long position according to ABCD Pattern BUT once price crosses 'B' level i.e. 493.4 Buy @ 493.4 SL @ 456.2; TP @ 567.8 Risk/Reward: 1:2 Good Luck!!Longby Umair88Updated 3
2222: SAUDI ARABIAN OIL CO. Probability of the end of downtrend as formation of ABCD Pattern is completed. Price may get range-bound or an uptrend can begin. Watch out closely. Next week will clear the scenario.by Umair88Updated 222
bullish fractal for SABICI see a strong move from here in fractal way.. Still It is Nice weekly chart to follow ..Longby TurkiTradeUpdated 4
it should not break 84.As mentioned in analysis shared on 19-05-2024 that 85 should be Sustained on Monthly Basis; we can see that Monthly Closing is at 89.90 Clear Bullish Divergence may act as a Reversal sign. Now it should touch 92 - 93 once & Sustain this Level for Further Upside. On the Flipside, it should not break 84.by House-of-Technicals1
savola groupsavola group once price tab on htf +ob> h4 market structure shift bullish i will buy, (not directly after confermation)Shortby Asif_Crypto10
4015 JAMJOOMStop Buying 4015 JAMJOOM Pharma monthly bisi>monthly imbalance created>ltf Confermation. Target mention on chart. 4Shortby Asif_Crypto10
Saudi Telecom Company (STC): A Promising Investment OpportunitySaudi Telecom Company (STC), a dominant player in the telecommunications sector, has experienced a recent correction in its stock price from a high of SAR 43 to the current level of around SAR 35. Market analysts identify an interesting entry level for STC between SAR 32 and SAR 34, offering potential investors a compelling opportunity to capitalize on the company’s robust market position and future growth prospects. Additionally, STC offers an attractive dividend yield of approximately 7.08%, making it an appealing choice for income-focused investors. With its extensive infrastructure and commitment to innovation, STC remains well-positioned to benefit from the growing demand for digital services in Saudi Arabia and the broader region. Investors should consider this correction as a strategic entry point to gain exposure to a leading telecommunications provider poised for continued expansion and profitabilityLongby DrSaud11