Hello everyone, according to my chart analysis of ISLAMIC ARAB INSUR, I recommended to CLOSE all long position in your portfolio ! because SALAMA stock is showing a strong sell signal, this is the best time to close all long position in your portfolio.
Well we want to buy at support and sell at resistance here is a stock that is right at the support and have given us first bullish signal at the support zone, if in sundays session it can cross 0.818 i think more buyers will catch the attention and start buying this stock. For now it have started a fresh bullish trend after a range and a down trend.
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After the breakout of the range it could not hold the gains and again it have come back in the same area i had taken this trade but i exited with a small loss as it was coming down after hitting small resistance. As of now again its in a no trading zone.
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Finally it broke the resistance i want to buy this stock in good quantity, i am waiting for a retest/correction, i want the price to come down and give a bullish signal to enter the trade. I will enter around the resistance area which now should act as a support area. Looking very bullish for now. Grab this one !!
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SALAMA ( DFM ) - Break and Go Up
Its below the resistance levels and its trying hard to cross it. Once it closes above the resistance levels we can buy this and go for a swing positing that is till 0.900 for now its bullish but retracing down. Also we can see its taking support at 50% FIB levels. Most like we can see the uptrend continuation from here.
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Its a good buy surely as it have taken a bounce from the support level and its holding it can be a good swing trade and next target is also good that is the previous swing high that is around 0.910 very bullish!!
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This stock is also good for buy it took support at 0.872 level and now its ready to go higher. Next target is good that is around 0.945 level. Bullish !!
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As i had mention in my previous trade plan its moving exactly the same way. So keep the same plan and hold the trade. More upside expected.
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Its still looking good for trade. Next major target should be 0.90 watchout market is due for correction so it might also follow.
Over all bullish
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Its still in an uptrend after the announcement i like to trade this setup that is a bounce from the support levels. Clearly a green candle at support level indicating buyers are still active and can push price to the upside. Next target 0.878 very bullish!!
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Salama is been in retracing for few days now, its at support level lets see if it can hold it here. At the same time till level 0.780 have been previously tested and as we know if a particular level is tested again and again it becomes weaker. There are good chances it can break to the downside. Lets see how it performs tomorrow. Over all in a uptrend as now...
After BOD meeting it opened with a gap up but could not hold and closed in red. We dont have clear picture how to trade this one as we dont see any good chart pattern. So we wait for sundays session and see the closing to get an idea. Keep stalking
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Finally today it broke the support after holding for so many days. It looks bearish for now and i think more downside to see. No trades for now lets wait for price action.
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With todays closing we can see a wick indicating buyers are at the lower level. It will be a good trade setup if it can cross 0.831 lets see in tomorrows session if it can push up to that level. Once it crosses that level i am sure many traders will jump in pushing the price to the upside. Stalk this one for tomorrow!!
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