Tadawul Composite Index extends gains – all eyes on crucial week ahead

What’s happening now?

Looking at the weekly time frame, TASI is moving into areas where it has previously faced difficulty.
On the daily time frame, the indicator has started to show signs of slowing down around this level.

This area lies between 11,300 and 11,400 points.
This point can be viewed as a level at which sellers may intervene again.

Then, the problem becomes simple:
👈 Can the market successfully break above this level?
👈 Or will it stop temporarily and then retreat again?

What if the market goes up?

If TASI can make a strong move above the 11,400 level, this could open the way to the 11,700 level in the coming sessions.

This would indicate continued momentum.

What if the market goes down?

There is strong support at the bottom.

The 10500-10400 area has been a support area.
Whenever the index reaches this level, buyers step in and push the price higher.

This makes it a key area to watch when the market falls.

Why is this week important?

Currently, the market is focused on:
●Strong support level below
● There is a strong resistance level at the top

This creates a “decisive point.”
Weeks like these often determine the course of events later on.

What should investors do?

Now is not the time to be anxious.
Instead, this is the time to take a closer look.
Let the market show its cards around these levels.
The reaction here will tell us whether the momentum will continue or stop.

Sometimes the optimal behavior of the market is simple:
I’m waiting. watch. Then make a clear decision.