2360 - SAUDI VITRIFIED CLAY PIPES COSAUDI VITRIFIED CLAY PIPES CO
Potential Harmonic Pattern.
Targets are shown on the chart.
2360 - EMAAR THE ECONOMIC CITYEMAAR THE ECONOMIC CITY
Potential Harmonic Pattern.
Targets are shown on the chart.
2010: Sell ideaOn 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.
1060: Buy ideaWe have a buying opportunity on 1060 because as you can see on the chart we are in a real downtrend with red candles having small bodies and long wicks. In effect, this means that buyers want to gain the upper hand over sellers. Therefore, we must prepare to buy. But, this can also only be done if and only if the vwap indicator is broken forcefully by a large green candle and followed by a large green volume.Thanks.
1010: Sell ideaSell idea on 1010 as you see on the chart because we have the breakout with force the vwap indicator by a big red candle. Thanks.
ANALYSIS ON 1302Dear Saudi Traders and Investors, I'm sharing with you an analysis on one of my favorite stocks to trade, I've been leading Investors and Traders on it for a year and half now, now while waiting for a Trade to take on it, I said why not to share an analysis with you.
Yoy can notice on the chart that the price was going in an uptrend for 4 months before it gives us a squeeze to close our Trades and so they investors exit take their profits out, now we're waiting for a confirmation to sell the stock and take the downtrend again.
For further information, don't hesitate to ask!
1020: Buy ideaBuy idea on 1020 as you see on the chart if only if we have the breakout with force the vwap and the resistance line by a big green candle with a large green volume.Thanks.
2223: Sell ideaSell 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.
1080: Buy ideaBuy idea on 1080 as you see on the chart after the breakout with force the vwap indicator by a big green candle with a large green volume.Thansk.
1211: Buy ideaOn 1211 as you see on the chart we have a buy idea because we have the breakout with force the vwap indicator and the resistance line by a big green candle.Thanks.
Good to go 9532 aljouf water5 months to go , this stock will apply transference from Nomu to TASI may hit 133 SR from 31
8010 sell limit till the target area shown8010 is saudia market is going toward the target area around the support and the 61 Fibonacci.
So entering buy position isn't good idea.
2360 retesting 200MAPrice is retesting a demand area
and retested 200MA
candle formed (Morning Star) pattern
Share your thoughts
Trade wisely
SAUDI FISHERIES CO: Bearish ReversalSaudi Fisheries Co (SAFCO) is in a bearish reversal pattern on the 4-hour chart. The stock has been declining since the beginning of the month and is currently trading below the 200-day moving average.
The MACD indicator is also bearish, with the MACD line crossing below the signal line. This suggests that the momentum is in the bears' favor.
The next support level to watch is 25.00. If SAFCO can break below this level, it could open the door to a move towards 24.00 and beyond.
However, it is important to note that the market is still volatile, so traders should be prepared for pullbacks.
Overall, the technical indicators are bearish for SAFCO. The recent decline below the 200-day moving average is a negative sign, and traders should look for opportunities to sell the rallies.
I am bearish on SAFCO in the short-term. I believe that the bears will continue to push the price lower, and I am targeting 25.00 and 24.00 in the near future. However, it is important to remember that the market is still volatile, so traders should be prepared for pullbacks.
Here are some other things to consider when trading SAFCO:
The stock is still above the 23.00 support level, which could act as a floor.
The Relative Strength Index (RSI) is in oversold territory, which could lead to a bounce.
The market is still volatile, so traders should be prepared for sharp movements in either direction.
SABIC TO A NEW HIGH 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.
1150 (Alinma Bank)Important cross-roads, 200ems on daily + close to retesting the top of the channel if this area holds i might add to my position.
9544: Buy ideaWe will have a big probability to have an uptrend on 9544 after the breakout of the vwap indicator and the resistance line.Thanks.
"weekly_monthly_peaks_and_troughs.js"// Weekly peak and trough indicator
function weekly_monthly_peaks_and_troughs(close, volume) {
// Calculate the weekly and monthly close prices
var weekly_close = close.resample("W").last();
var monthly_close = close.resample("M").last();
// Initialize the peak and trough arrays
var weekly_peaks = ;
var weekly_troughs = ;
var monthly_peaks = ;
var monthly_troughs = ;
// Loop through the data and find the weekly and monthly peaks and troughs
for (var i = 0; i < weekly_close.length; i++) {
// Find the weekly peak
if (i == 0 || weekly_close > weekly_close ) {
weekly_peaks.push(weekly_close );
}
// Find the weekly trough
if (i == 0 || weekly_close < weekly_close ) {
weekly_troughs.push(weekly_close );
}
// Find the monthly peak
if (i == 0 || monthly_close > monthly_close ) {
monthly_peaks.push(monthly_close );
}
// Find the monthly trough
if (i == 0 || monthly_close < monthly_close ) {
monthly_troughs.push(monthly_close );
}
}
// Return the peak and trough arrays
return {
weekly_peaks: weekly_peaks,
weekly_troughs: weekly_troughs,
monthly_peaks: monthly_peaks,
monthly_troughs: monthly_troughs,
};
}
