Arriyadh Development Company (4150) - Technical Analysis
Pattern: Bullish Dragon Pattern
Context:
Previous Trend: The stock price was in a downtrend since reaching a peak of SAR 25.85. During this downtrend, the price made lower lows and lower highs, resting around SAR 21.
Breakout: A breakout was observed from the descending trend line.
Pattern Details:
First Candle: Long bearish candle during the downtrend.
Second Candle: Small-bodied candle that gapped down.
Third Candle: Long bullish candle that closed above the trend line at approximately SAR 22.70.
Support: After the breakout, the price reset and established support around SAR 22.34.
Potential Reversal: The formation indicates a potential reversal to an uptrend.
Resistance and Target:
Initial Resistance: SAR 24.46
Target: Upon breaking the initial resistance of SAR 24.46, the price may test the previous top of SAR 25.85.
Pattern: Bullish Dragon Pattern
Context:
Previous Trend: The stock price was in a downtrend since reaching a peak of SAR 25.85. During this downtrend, the price made lower lows and lower highs, resting around SAR 21.
Breakout: A breakout was observed from the descending trend line.
Pattern Details:
First Candle: Long bearish candle during the downtrend.
Second Candle: Small-bodied candle that gapped down.
Third Candle: Long bullish candle that closed above the trend line at approximately SAR 22.70.
Support: After the breakout, the price reset and established support around SAR 22.34.
Potential Reversal: The formation indicates a potential reversal to an uptrend.
Resistance and Target:
Initial Resistance: SAR 24.46
Target: Upon breaking the initial resistance of SAR 24.46, the price may test the previous top of SAR 25.85.
עסקה סגורה: היעד הושג
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.