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YASIRWA

4013: Watchout for trendline Breakout

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DR. SULAIMAN AL HABIB MEDICAL SERVICES GROUP (TADAWUL:4013)  
YASIRWA  
TADAWUL:4013   DR. SULAIMAN AL HABIB MEDICAL SERVICES GROUP
Harmonic Patterns Trend Lines Support and Resistance 4013 TASI breakout dowtheorytrading
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harmonicpatterns trendline supportandresistance 4013 tasi breakout dowtheorytrading
4013 has been in correction after making ATH.

A significant support (Ascending trendline) was broken in recent past for the first time.
After completion of Harmonic Pattern, Double Bottom formation, a short upside move is observed (formation of HH, HL).
However, ascending trendline will be acting as resistance now.

Although, breakout of trendline was observed during the recent bullish trend, but couldn't sustain.

Wathout for breakout of ascending trendline resistance for long entry.

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