Saudi Arabian Mining Co is making HH and HL and making an uptrend and also a head & shoulder formation is in process. Both suggest it will continue its uptrend for a while. Trade plan as follows Entry : 69.80 TP: 78.04 SL: 61.40
Hello ladies and gentlemen, according to my graphical analysis, It's the Time to Take your Profits on TADAWUL:1211 .
A series of Higher highs and higher lows is formed and currently a downtrend is expected which will create a new higher low and a buying opportunity.
This share has reached the highest peak of the wave 5 and it is a risk to ride on it. @Afnan6120 I would short it however, if it happens to go back to 82 then it cancels the the whole forecast.
Flag and Pole Breakout AB = CD Respecting 31EMA support historically (S&R) Took Support from 31 EMA Ready to take a Bullish Ride Take your trades with your R:R, trailing stop loss
all details are on charts weekly and daily RSI, 50MA, 200 MA, Fibo levels lets watch and see appreciate your support continue follow and like for more
HERE you can watch my analysis as you can see in the attached chart, predicting moves of the candles (NOT PRICE) for more accuracy {"_"}.
According to our analysis 1211 may fall the next months
Saudi arabian mining is moving toward support 1- 47 & support 2 -39
All details are on the chart lets watch and see. Please support with likes and follow to share more TA
Saudi Arabian mining company. If you want to join the rally. It showed a wonderful results last year and quarter, I think it has a higher goals.
COMPANY OVERVIEW To engage in the various aspects of mining activities relating to all stages of the mining industry, COMPANY HISTORY Maaden was formed by the Royal decree number m/17 date 14/11/1417 (H) to under-take all mining activities and development of mining sector in the kingdom.
GOOD EVENING, today there are very good indications that the SAUDI ARABIAN MINING's stock will go up in the next few days : 1)the SAUDI ARABIAN MINING's stock is over the VWAP so it's protected by it 2)it broke the VWAP so there is a very big strength of buyers today 3)it broke the last resistance to the up but not by strength BUT if it breaks down the VWAP and...
Bullish Indications 1- Bullish AB=CD complete @ 66.90 2- Major support @ 66.90 Bearish Indications 1- Dow: Series of LL and LH following downtrend 2- Trendline support Plan A Short @current price SL @ 72 TP1@66.90 TP2@62.90 Plan B Long @66.90 TP1 75.90