2350 (Saudi Kayan Petrochemical Co.)
Price has broken out above the previous high, which had also been a major resistance level since May. It is trading above the 55 Fibonacci EMA, a level that has historically served as dynamic support.
On the weekly timeframe, price has broken out of a falling wedge, confirmed a double bottom, and printed bullish divergence — all of which strengthen the bullish outlook.
The first buy is at CMP, with Buy 2 positioned lower to average in on a pullback. TP1 and TP2 are aligned with near-term resistances, while sustained momentum beyond TP2 opens room for price to extend toward 8.77 and even 10. Stop loss is set below 4.75 on a closing basis to define risk.
Recommended Levels:
Buy 1: 5.62 (CMP)
Buy 2: 5.18
Stop Loss: Closing below 4.75
Take Profit 1: 6.15
Take Profit 2: 6.77
Take Profit 3: Ride the trend with a trailing stop
Potential upside remains as long as momentum sustains above the breakout zone and 55 EMA. Happy trading!
Price has broken out above the previous high, which had also been a major resistance level since May. It is trading above the 55 Fibonacci EMA, a level that has historically served as dynamic support.
On the weekly timeframe, price has broken out of a falling wedge, confirmed a double bottom, and printed bullish divergence — all of which strengthen the bullish outlook.
The first buy is at CMP, with Buy 2 positioned lower to average in on a pullback. TP1 and TP2 are aligned with near-term resistances, while sustained momentum beyond TP2 opens room for price to extend toward 8.77 and even 10. Stop loss is set below 4.75 on a closing basis to define risk.
Recommended Levels:
Buy 1: 5.62 (CMP)
Buy 2: 5.18
Stop Loss: Closing below 4.75
Take Profit 1: 6.15
Take Profit 2: 6.77
Take Profit 3: Ride the trend with a trailing stop
Potential upside remains as long as momentum sustains above the breakout zone and 55 EMA. Happy trading!
액티브 트레이드
TP1 hit
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.