Daily chart, SABIC (2010) stock is trading in an ascending channel for a year.
Now, it is showing positive signals for upwards movement to test the resistance line (BLUE). After crossing (around 86.3), the target will be 96, then 102
Positively, the technical indicator MACD crossed the zero line up.
hello
first as you see on my chart resepects its evolution according to the figure so:
- if it breaks the suuport line around 65.8 it will reach 59.4 then maye be pulback toward its broken support then continue its free fall until 38.6 or more.
- otherwise it will rebond on its support and buyers can hold their stocks wishing higher levels
Remember that this...
Hello ladies and gentlemen, according to my chart analysis of the SAUDI BASIC INDUSTRIES CORP stock, there is a high probability of a decline towards the level 74$ in the next days.
on 2010 we will have a big probability to have a downtrend because as you see on the chart we have the breakout of the vwap indicator by the sellers.Thanks!
Buy idea on 2010 as you see on the chart because we have a good red candle with a small body and long wick so it's mean that we will have a hight probability to have a good uptrend.Thanks.
A bearish move till 80 per stock
as shown on the graph we can see 80 per share very quickly
Here at this area there is very strong support that can reshift the price up
We must have a stop at nearly 76 per share to avoid loss
On 2010 we will have a big probability to have a downtrend as you see on the chart because we have the breakout with force the vwap indicator and also the breakout of the support line by sellers.
HERE is the new target for SABIC also for the market and the other companies
my wishes only to rise slowly not sharply, coz sharp rise means sharp fall.
Dear saudi Traders/Investors, someone asked me the other day via DMs if it's the time to buy 2010, I answered and I said why not to bring it to the public after that all my customers recieved the information 2 weeks ago.
Well, as you notice on the chart, the price currently is heading short towards the support line, to buy it, you must wait until the price breaks...
Price is at a good Horizontal support line (Triangle Bottom)
Wait for Green candle on Hourly TF and take Entry
Trade setup with SL and TP are specified.
Dear Saudi traders, On the 2010 (SAUDI BASIC INDUSTRIES) chart, you can notice that the price just broke the VWAP and gave us the confirmation to buy it. I wanted to post this analysis yesterday for you to trade it buy since I got customers I give private analysis to I can't share it at the same moment as I give it to them which will make it pointless for...
Watch for 2010, Formation of HH (HL formation in progress)
Support from trendline (Falling Wedge Top)
Support from Golden Pocket
First Green candle on Heikin Ashi (HL formation in progress)
Expected rebounce from fib retracements (91.3, 90.1)
AB=CD Target
Hey traders, here is the analysi.
If you guys like my analysis please hit like👍 and follow.
Thanks.
DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT
