Tadawul
UPDATE ON TASIA month ago, I posted that TASI will continue going lower to reach 11,439.529, and it came up the grab the LQ at 12182.412 now it will continue lower.
Again this movements fooled some people and bought higher now they're in losses and looking for how to recover.
Don't buy TASI now, wait for it to quit the consolidation level then you can buy.
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UPDATE ON 1120A month ago, I posted not to buy on 1120, and still some texted me and complained, after that it went higher they bought and now they're in losses.
The price is still consolidating on its range, it came up to the liquidity zone to grab it, now it reversed again to go lower.
If you are a person who really takes clean entries, 1120 isn't yours now, trust me, once you buy and lose your money, you will search for someone to help you recover.
Before you buy any stock, get a consultaion first then you invest your money, I read in groups people lose their money in some basic cases, and if you ask their answer is always I heard from someone.
If you don't know how the market is, you get a consultation from analysts here on TradingView, you can find lots of experts and you'll buy in a safe place.
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DON'T BUY 1150You can notice on the chart that the market been pushing downwards since the beginning of the year, in the chat groups people are saying that you can buy... But the chart is saying the opposite of what you see in the groups.
You can notice that it just broke a level that gave it a push towards the Price Gap we have at 25.85-25.50 to fill it then we'll see how the next move will be.
Please if you already have shares on 1150 sell them, and if you're welling to buy don't do it and check on the posts I have on my account for the stocks you can buy!
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DON'T BUY TASIAs you can notice on the chart, TASI filled the Price Gap we had at 12,152.282-12,229.265. Now it is heading towards the Liquidity level at 11,439.529.
If you already bought on TASI sell your shares and wait for the next entry,and if you're welling to buy it's ot the right time to do so. You can check on the other stocks I posted and buy on them and follow me for more trades on Saudi Stock Market!
BUY 2040Saw on a group people wondering if it's still time to buy on 2040 and I wanted to share with you this entry you still can take.
Wait for the market to come back to Fill the Gap and Grab the Liquidity at the same time so you can have a clean entry.
Entry at 33.60, Target at 37.20 and Stop at 31.80.
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Saudi Cement 3030 : Enough falling!Weekly chart, the stock TADAWUL:3030 has been falling for long time, and is near the long-term support line S (around 39.9).
On the intra-day time-frame, the indicators MACD and RSI are showing the rebound has started.
The price should target the Resistance line R - at around 54 passing through resistance levels at 45 and 49
A safer new buy entry can be above 42 - with the Stop Loss below 40
Closing below the Support line S, the stop loss should be considered.
POTENTIAL SETUP ( TASI : 2010 )As the market currently trading in a Parallel channel. The price was reacting well the support and resistance of channel and a market currently formed a bullish morning star candle on daily TF with a mature bullish divergence. If the market successfully sustain this buying confluence the next leg up could go for new HH.
Saudi N. Bank 1180: To target 41.4 after crossing Resist. line RDaily chart, the stock TADAWUL:1180 is trading in a descending triangle, with upper line R and lower S
It is seen as a short term trading opportunity between S and R.
However, the price should close 2 days above line R to activate the target 41.4 then 43.3
A stop loss should be considered below line R (32.9).
Be careful: Below support line S, the price can fall to next support line S1 at around 31.4
Saudi Dairy 2270 - To target 439 after beating Resistance Daily chart, the stock TADAWUL:2270 is trading between support and resistance lines S and R respectively. Closing above R for 2 days, the price will target 417 then 439
The breakout may happen around 385
Technical indicator MACD signals a minor correction may happen soon.
RSI is indicating a bullish movement.
Below support line S is a stop loss.
Seera Holding Group - 1810 - KSA - TADAWULThe stock is attempting to form a positive technical pattern, a double bottom. It has confirmed a breakout above the downward trend line, and a positive quarterly close is anticipated. The stock is currently rebounding from a support level within the medium-term upward trend. The targets are set at 25, 27, and 29. The technical analysis aligns with the fair value target of the stock, which is also around the 29 level.
DON'T BUY 2222Dear Saudi Traders,
Since Tomorrow is the day most of you are going to analyze their charts and place their ordres, I'm sharing with you the markets you can't buy for this week.
The 2nd one on the list is 2222, you can see on the chart that the market has just pulled back on the strongest candle we have which plays the role of a strong level on the market.
Plus, you pay attention for the volume which is still low to ride a Bullish move on the market.
We'd be expecting the market to come lower to reach the level 26.80 before heading up again.
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DON'T BUY 1120Dear Saudi Traders,
Since Tomorrow is the day most of you are going to analyze their charts and place their ordres, I'm sharing with you the markets you can't buy for this week.
The first one is 1120, you can notice on the chart how the volume is giving us an indication not to buy, as the chart does when the market pulled back on the resistance level to head down to 78.7 level.
Hold your funds for now.
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