Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.
Thursday, December 12, 2019
Technical Analysis Update: Tadawul All Share Index (TASI) - Saudi Arabia ETF (KSA) / Stock-Markets / Saudi Arabia
By: MarketsToday
Summary
- TASI / KSA break out of bull head & shoulders bottom trend reversal pattern.
- Indicates continuation of long-term upward sloping trend channel.
- Key Fibonacci zone targets marked on enclosed charts.
Thursday, April 25, 2019
Next Potential Targets for Saudi Stock Market (Tadawul) / Stock-Markets / Saudi Arabia
By: MarketsToday
Several weeks ago, the Tadawul All Share Index (TASI) went right through the 61.2% Fibonacci retracement (potential resistance) of the long-term downtrend that started off the September 2014 peak of 11,159.50 and kept going. Year-to-date the index is up 17.5%.
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Monday, January 28, 2019
Saudi Stock Market (Tadawul) at pivotal juncture / Stock-Markets / Saudi Arabia
By: MarketsToday
As of yesterday’s (Sunday) 8,528.30 trend high, the Tadawul All Share Index (TASI) has rocketed over 12% in 25 trading days, when counting from the swing low of 7,589.23 on December 23. A long-term bullish trend continuation signal was triggered on the move as the day’s close was at 8,509.43, just above the most recent peak of 8,502.92 from July 2018. Further, yesterday’s close was the highest daily closing price since August 2015.
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Monday, September 17, 2018
Saudi TASI Stock Index Continues to Weaken Following Breakdown from Rising Wedge / Stock-Markets / Saudi Arabia
By: MarketsToday
Following a breakdown from a bearish rising wedge several weeks ago, the TASI (Saudi Arabia stock market) seen three consecutive weeks of falling prices. The index is now fast approaching the first key support zone to watch for a potential short-term bounce. Typically, at some point following a breakdown a bearish pattern a counter-trend rally will occur back up towards the breakdown zone (approx. 7,226) to some degree, before a continuation lower kicks in.
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Monday, August 20, 2018
TASI - Saudi Arabia Stock Index Outlook / Stock-Markets / Saudi Arabia
By: MarketsToday
Further weakness will confirm bearish outlook for the Tadawul All Share Index (TASI)
TASI (Saudi Arabia stock market) poised to breakdown from large bearish Ascending Wedge pattern.
Weakness apparent over past couple of months and follows a prior advance.
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Sunday, May 20, 2018
Saudi Arabia Stock Market Technical Update: Tadawul All Share Index (TASI) / Stock-Markets / Saudi Arabia
By: MarketsToday
- Larger advance stalls at the 50% retracement zone.
- Deeper short-term pullback may occur.
- Followed by advance to new highs.
Monday, August 07, 2017
TASI Targets Higher Prices Following Breakout Of Bull Pennant / Stock-Markets / Saudi Arabia
By: MarketsToday
The Tadawul All Share Index (TASI) bull trend is preparing for its next move higher following a pull back towards support. Support can be anticipated anywhere from last week’s low of 7,059 and down to approximately 6,870. The lower part of the range is from previous resistance (now potential support) at the swing high from April 2016. That high marked the top of a large double bottom trend reversal pattern.
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Monday, August 03, 2015
Strong Bearish Signal Given Today on the Tadawul (Saudi Stock Exchange)! / Stock-Markets / Saudi Arabia
By: Submissions
Bruce Powers writes: A bearish head and shoulders top formation (HS) was triggered today on the Tadawul All Share Index (TASI), with the index falling 3.20 per cent to end the day at 8,807.24. The bearishtrigger was on a move below the neckline at 9,057. Momentum picked up on the way down with the index closing in the bottom quarter of the day’s range.
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