6050, TASI It is a known stock that had previous strong up & down movements.
Technically, TASI last two days has clear pathway,
I believe in that most of TASI stocks will move strongly up in the next 7 days.
6050 trade ideas
Bullish divergence in Saudi FisheriesA bullish divergence is observed in Saudi Fisheries in a daily timeframe. The current downtrend is expected to reverse into an uptrend due to divergence. Another important factor contributing to this is the price level being close to point D i.e. Potential Reversal Zone (PRZ) of the previously formed ABCD pattern. If the last LH is broken, then it will be a confirmation of the reversal and can be a good opportunity to take a long position.
ANALYSIS on 6050Dear Saudi Traders and Investors,
I'm sharing with you today analysis on some stocks you can't buy currently since you will end up by losing your money. Buy on the other stocks on which you have an opportunity to buy, before you do make sure to get you a good consultation!
As you can see on the chart, the price broke the level 0.7 of the fibb and now it's heading towards the level 1, again, it's not a good time to nuy 6050, invest on the other stocks you have the opportunity to buy on, and if you already bought and you're in loss, close your position.
For further questions, don't hesitate to ask!
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.
DON'T BUY 6050Dear Saudi Traders and Investors, I'm sharing with you this analysis on 6050 to tell you NOT TO BUY it since the price broke through all the support levels with no indication that it will go up for a correction. For now just keep waiting and buy on the other stocks on which you have an opportunity to buy.
Let me know if you got any question!
6050 bullish wolf wave6050 bullish wolf wave
its not advise to buy its just my opinion buy at your own
becareful!
🟢 6050 SAUDI FISHERIES 🟢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.
6050 - Possible setup.6050- in bullish trend, breakout of trend line and double bottom is sign of trend reversal. take Long entry with highlighted SL/TP's.
Pennant pattern after breakout channel After the price breakout the consolidation channel in triangle pattern with strong momentum, the price retest the channel and return with pennant pattern, the price breakthrough the pattern continues for long trend line.
THE MARKET WILL FIND IT EASY TO GO DOWN INSTEAD OF UP Stay close by, because the retest is near to happen
Breakthrough the channel As we see the price breakthrough the channel 38 SR, going to first take profit at 67.80 SR.
The price now falling back for rectification the rising trend line may it be until 35 SR. in the worst case.
After that the price will be going to first profit area at 67 SR.
