Flexibility Analysis of TADAW​​UL:4082 by alorabyakram2030 — TradingView

According to the accompanying chart of Herfy Food Services Company (6002.SR) on the Tadawul platform, here is a comprehensive technical analysis based on required schools:
1. Classic analysis

General Trend: The price has been in a strong downward trend since September 2025, but is currently undergoing a potential reversal or upward correction after bottoming at 8.30 riyals.

Support and resistance levels:

Main support level: 8.50 riyals (representing the recent bottom).

Nearby resistance: SAR 9.25 (corresponding to TP1).

Price Pattern: We noticed a mini-double bottom pattern forming at the recent bottom, which supports the idea of ​​an intraday rebound.

2. Smart Currency Concept (SMC) Analysis

Change of Character (CHoCH): The price broke above the last descending sub-peak of 8.80 riyals, showing the first signs of a change of character.

Liquidity Zone: “Buy Liquidity” is located at the 9.63 and 10.02 riyal (previous peak) levels, which are the market makers’ targets.

Fair Value Gap (FVG): There is a clear price gap on a previous break below the SAR 9.50 level, and the price will usually cover the gap.

3. Wyckoff analysis

Current stage: The price is at the end of the Markdown stage and begins to enter the initial accumulation area (A/B stage).

Relationship between price and volume: We noticed an increase in volume at the recent lows (indicated by the letter E on the chart), which indicates the presence of institutional buying action (absorption).

4. Technical indicators

RSI (14): A value of 56.6 means exiting the oversold zone and starting upward momentum.

ADX: The current strength is 23.5, which indicates that the downtrend is starting to lose strength (weakness) and is starting to oscillate, which may be followed by a new trend.

Moving Average: Price breaks above the moving average (red line) upward, sending a bullish signal.

MACD: The histogram has a positive cross, supporting the continuation of the rise.

5. Transaction and scene management

Ideal entry point: 8.86 Saudi Riyals (current price).
Target Price (SAR)
Stop Loss (SL) 8.40
First Target (TP1) 9.25
Second Target (TP2) 9.63
Maximum Target (TP5) 10.79

Base case: As long as the price remains stable above QR8.50, the rally will continue targeting QR9.25 and then QR9.63.

Alternative scenario: A break above the 8.40 riyal level would cancel the bullish outlook and mean the price continues to rise towards new historical levels.

6. Final evaluation

Trade success rate: 71% (based on “Bull Score” in the technical panel).

Trade Type: Ideal as a swing position because the target is far away and the rally is at the beginning of the daily frame.

Conditions: Strong Bull Market (based on market bias in chart)