Saudi Aramco Base Oil Company is trading within a potential broadening wedge formation, with both the lower and upper ascending trendlines supporting the price. The immediate support zone represents an optimal buying area before the price advances towards the targeted 180 level. Short term approach can be consider initially around 152-153 and secondary approach...
As it's showing a stock in an uptrend, the stock enters a correction phase but rebounds to Fibonacci levels. However, it's worth noting that the volume is not supportive, unlike what we observe with other indicators, especially MACD, which will give a buy signal if the next candle confirms with a green. Similarly, in Bollinger Bands, touching its support level,...
SAUDI ARAMCO just posted a new all time high couple of days ago, and is on track for new highs, as the bullish momentum looks good. Moreover, no divergence has yet appeared on the RSI and hence according to Dow theory, the trend of higher highs and higher lows is likely to continue. Projections from AB = CD harmonic pattern are also marked on the chart, alongside...
Saudi Aramco Base Oil Company - Luberef (2223) is making waves in the market! Trading near its all-time high and above all key moving averages, it’s showing strong signs of an upward trend. High volume activity indicates robust investor interest.
The company has shown rapid earnings growth, up 51% a year for the past five years, indicating a strong future...
ARAMCO after successfully retesting 0.5 fib retracement level is on course for a new bullish rally with a potential target of new all time high. Targets are mentioned on the chart.
📊 2223 Shares Technical Analysis 📈
🔍 On the daily timeframe, we're exploring the potential for a bull run using the "Smart Money" concept. Here's a quick breakdown:
**Trend**: The stock has been consolidating, indicating market indecision.
Remember, this is not financial advice. Do your own research and consult a professional before investing. 🚀💰💡
after shift market structrut and creation fo order block and fvg we see a retracement of the price to retest order block and fill fvg and retest golden zone of fibonacci so we will see a drop of the price to taken liqudity of the sell side and fill fvg of up trend
Saudi Aramco made more than 94,5 billions in profits this year. This is a good order to win the situation. After last year losses this ship is going to deliver. As you can see on the presented chart, we have prepared more complex strategy for this Asset. Alpha+Beta is when interests of passive and active managers follow the same road. Sigma stayed the same. Theta,...
after taken liquidity of the buyside an creation of three drive pattern and change of charachter with breaker we will see a drop of the price to taken liquidity of the sell side
- Trading is probability control your risk management
Good luck !
Sell idea on 2223 as you see on the chart because we have a squeeze. In other hand, if we have also the breakout with force the support line and the vwap indicator by a big red candle with a large red volume, it's mean that we will have a big probability to have a downtrend.Thanks.
After taken liquidity of the buyside and change of character we will see a rejection at level of FVG consequent encroachment after we will see a drop of the price to take liquidity of the sell side
