SAUDI BASIC INDUSTRIES CORP.
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2010: SABIC (Falling Wedge Breakout)

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Falling Wedge Breakout in play
Entry at current price (Aggressive)
Wait for HL formation/Retest of trendline (Conservative Entry)
Dow Bullish trend in continuation
Above 50 EMA
Strong Horizontal supports (Weekly) are specified; Watchout levels as S/R

Fib Levels are specified for TPs
Trade with proper stop loss
Ride the trend with trailing stop loss

Do proper risk management

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