Short Saudi Index TASI

TADAWUL:TASI   Tadawul All Shares Index
  • On the daily chart divergence in RSI for highs of Dec-2019 and Jan-2020 indicated weakness in the up move within the channel.
  • Index has broken out of channel in last few days with both daily and weekly RSI now below 50 indicating weakness.
  • Index expected to continue its move back towards 7700 in next 5-6 months where the HnS pattern would complete.

  • Support can be expected at 8000-8050 followed by 7800 and 7700.
  • On completion of HnS pattern next support can be expected at 7400, 7000 & 6800.

  • On the upside resistance can be expected at 8400-8450 followed by 8600, 8860 & 9090.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.