2001 reverse area to create a high trend?

Hello everyone,

I would like to share my analysis of this stock, which I have been following since September 2022. The price is currently in a zone that has a high probability of initiating a countertrend and starting an upward movement. I see the downside target at 16.46.

Please note that the current time might not be the best for entry, but I decided to share this analysis for those interested in following this stock. I have included an explanation in Arabic on the chart that explains how to enter the specified area, hoping that the explanation is clear to everyone.

Please be aware that I have not read the financial statements or any news about the company at all, as I do not have the time for it. This is your responsibility.

I welcome any inquiries or discussions about this analysis.

Commentaire:

Be close

Commentaire:

we hit the target, now im looking for entry conformation.

Commentaire:

Really nice movement today.

Commentaire:

Be aware this is long term analysis. It’s not for short or mid term.

Transaction en cours:

First entry today. It’s for long term holding.
I didn’t get confirmation for D timeframe yet. But there is something in lower timeframe. Also we reached our downtrend. That why i entered today without SL until i get D timeframe confirmation.
I will keep updating this analysis until the end.
Not a financial advice.

Transaction en cours:

16.10 my second entry. If we go higher than 16.50, my stop loss will be 15.69.

Commentaire:

I build my position in the area I believe it’s reverse area, then when I got daily (timeframe) confirmation reverse i make SL and i enter the position with majority of my wallet for this trade. This is my strategy, just to let you know and explain my comments