ANALYSING SAUDI BASIC INDUSTRIES CORP.SELL!!!
After the break-out of the bullish trend on 21 NOV,the price has been return to test the market again and failed to break-in the up trend instead,the price showed important reversal signs that confirme the start of the bearish trend:
-Monthly fraim showed a spring box with a big upper wick on 3'OCT'21(the start of the bearish trend)
-On daily fraim we can see the double top pattern which confirmed againg by a daily spring box and big volume on it
-break-out the supp and level key 123,00
SAUDI BASIC INDUSTRIES CORP is going down.SELL NOW!
-Monthly fraim showed a spring box with a big upper wick on 3'OCT'21(the start of the bearish trend)
-On daily fraim we can see the double top pattern which confirmed againg by a daily spring box and big volume on it
-break-out the supp and level key 123,00
SAUDI BASIC INDUSTRIES CORP is going down.SELL NOW!