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
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Hellow dear investors, I don't usually post these analysis for free but since you likes the old 2 ones I posted the other day I said why not to post another one to share with you what I see about SAUDI ARABIA stocks. Following the chart, you can see that the price went on a downtrend then broke the support line we have at 87.25, before it does, it did a pucllback...
Classical Dow theory in picture AB=CD pattern in formation Wait for breakout of B which will be new HH Short Trade Setup 1- Entry at Current Price 94.6 or 94.2 tight SL 93.4 TP 96.8 Long Trade Setup 2- New Entry 98.2 (on green candle closing) TP 101.2 SL 97.2 (or previous candle bottom)
A buy transaction in SABIC stock with a Fibonacci correction and a green candle with a tail, and it came as a strong support. There is a high possibility for the market to ris
Moving within Falling Wedge Breakout and Retest is observed Formation of HH, HL Support from MA 50,100 (Cross) -->1H TF Trade with Stop Loss Ride the trend with trailing stop loss
Falling Wedge Breakout Observed Short term and long term Bullish setup is available HH, HL formation Wait for HL formation for Entry or at current level Stop Loss is specified Same setup for new entry if reach SL Fib/Horizontal support Levels are specified for TPs Ride the trend and Trail your stop loss Manage your risk properly
Falling Wedge Breakout in play Entry at current price (Aggressive) Wait for HL formation/Retest of trendline (Conservative Entry) Dow Bullish trend in continuation Above 50 EMA Strong Horizontal supports (Weekly) are specified; Watchout levels as S/R Fib Levels are specified for TPs Trade with proper stop loss Ride the trend with trailing stop loss Do proper...
It broke downtrend with a bullish momentum and started making new higher highs and higher lows # Bullish Indicators - Green candles from trend line support - Breakout from downtrend ### Trade Plan 👉 Entry: 89.4 💰 TP: 93 🚫 SL: 84
Potential Harmonic Pattern "Shark" Targets are shown on the chart.
It appears to be in down trend. Monthly support and resistance are marked in blue color. Weekly support and resistance are marked in yellow color. Bullish hammer candles are also formed and around 5% short term gain is expected.
SABIC appears to be in a downtrend. There is no clear pattern according to Dow theory. It is not making HH and LL but bullish hammers are formed and a short term gain (2%-4%) is expected followed by a downtrend.
Converging trend line and divergence on Klinger Oscillator suggest trend reversal Buy: between 84.5 till 86.2 TP: 89.60
Stop loss and targets are in the chart, DYOR, this is not a financial advice, Good luck..
It seems like SABIC is heading south. Support is predicted to be around SAR81.30.