Aramco: Potential Rise Toward 28 SARI hope you're doing well, So Based on my technical analysis on the daily timeframe, Aramco appears poised for a bullish move toward 28 SAR. The recent breakout above the key resistance level, as highlighted in the previous idea, confirms renewed buying pressure and strengthens the bullish outlook.
Saudi Aramco Short Term ViewTADAWUL:2222
SAUDI ARAMCO breaks out of parallel channel after completing wave 3 extension.
Now I think it's in wave 4 the ideal correction measure for wave 4 is 38.2% of wave 3. maximum is 50% of wave 3. In this case it's possible that stock will correct to near 50%.
Now why 50% I
Saudi Dairy and Foodstuff. 20/3/22Saudi Dairy and Foodstuff has given a up flag breakout on weekly charts. This stock is trading on Tadawul Index. CMP is 178. Target would be 228 and stoploss for the trade is 165 on weekly closing basis. This trade has a very favorable risk to reward ratio, therefore, worth taking a trade.
Alinma Bank - Consolidation Pattern going to Burst soonAlinma Bank (TADAWUL:1150)
● First breakout happened on 28 July 2021.
● After the strong breakout happened earlier, the stock is seen consolidating again.
This signals a higher base building process which will act as launchpad for the next up move.
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