SABB Bank Analysis on TADAWUL:1060 by alorabyakram2030 — TradingView

. trend analysis

Current Trend: Strong Bull Market.

reason:

Trading price above average (VWAP).

Record clear rising tops and bottoms on the daily frame.

A positive EMA crossover signal appears.

Price has broken out of the “equilibrium” zone (breakeven) and is moving toward the “premium” zone (higher price zone).

2. Technical indicator analysis

RSI (14): The value is 63.8, indicating strong upward momentum and has not yet reached the overbought stage.

MACD: Bull market trend, the main wave value is 0.39, supporting the continued rise.

ADX Power: A value of 15 indicates that the trend is still at the beginning of a strong move, or is in a consolidation phase before a larger price explosion.

Volume: A high volume condition occurs with a green candle, confirming the validity of the breakout.

3. Price Action and Smart Money Concepts (Price Action and SMC)

Market structure:

BOS (structural breakthrough) has achieved a breakthrough from the previous high.

A positive CHoCH (Character Change) event changes the trend from bearish/sideways to bullish.

Technical areas:

Demand area: concentrated at lower levels around 32.20 rials.

Gap/Liquidity: There is remaining liquidity in the “strong low” area around Saudi Riyal 29.90.

4. Future vision and scenarios
Bullish scenario (most likely):

Ideal entry point: 35.32 SAR (as specified in the entry area on the chart).

Target:

TP1: 36.42SAR.

TP2: 37.51SAR.

TP3: 38.61SAR.

TP4: 39.71 SAR (current maximum target).

Stop Loss (SL): Daily close above the SAR 34.00 level.

Bearish scenario:

If the price fails to hold above 35.00 riyals, we may test the breakeven zone (equilibrium) at 33.40 riyals before attempting another move higher.

5. Final recommendations

For speculators: The stock is in strong “bull bias” territory at 86%. It is recommended to enter the designated entry area with a slight correction.

For investors: The stock gives technical entry signals and the earnings announcement (E) shown at the bottom of the chart should be monitored as these technical moves often precede positive financial results.