Sometimes you have to see the big picture, the macro trend, to understand the stock movement. #TASI4040 as an example:
- Higher lows and lower highs since 2007
- accelerating time in the low phases
- buying with volume + improved profits
- public transportation sector is growing with government and private incentives.
The stock only require patience. Analysis...
Saudi Public Transport Co.
On the daily chart, the tech. indicators are showing tendency to cross 17.4 up (the resistance line), then the target will be 19.6
Stop loss 16.8 - 16.5
On the weekly time frame, above 18.5, the far target will be 35.7
Saudi Public Transport is making a series of HHs & HLs and respecting the trendline.
A bullish divergence can be observed
Entry: CMP 17.98
SL: 17.72
TP1: RRR 1:2 18.5
TP2: RRR 1:4 19:00
TP3: RRR 1:6 19.5
NO LIQUDITY SWEAP NO ENTRY.
STRUCTURE IS CHANGING ANYTIME.
EVERY CANDLE HAS LIQUIDITY.
PRICE ALWAYS NEED LIQUIDITY.
Nobody Knows Where is Price Going.
Hey traders, here is the analysi.
If you guys like my analysis please hit like?? and follow.
Thanks.
SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
DISCLAIMER- This is not financial advice.
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
