๐ AL JOUF CEMENT โ BUY PLAN (TADAWUL: 3091)
โ Current Status:
Price: 7.09 SAR
Action: Initial entry taken โ some shares added to My portfolio.
๐ Technical Overview:
Sell-side Liquidity Cleared:
Previous lows taken out, triggering liquidity sweep.
Strong reversal suggests potential shift in market sentiment.
Volume Imbalances (Voids):
Bullish targets marked based on unfilled volume gaps:
๐ Target 1: 8.34 SAR (โ17.63%)
๐ Target 2: 10.01 SAR (โ41.19%)
๐ Target 3: 12.93 SAR (โ82.28%)
Trendline Liquidity Above:
Long-term descending trendline can act as a magnet for price, drawing it upward.
Bullish Confirmation:
Price has reacted from a bearish fair value gap.
Clean bullish engulfing and strong volume โ suggests start of reversal.
๐ฏ Buy Strategy Breakdown:
Step Action
โ Partial buy/entry completed (accumulation started)
๐ Wait for small pullback or bullish continuation to add more
๐ก๏ธ Stop Loss: Below recent swing low (around 6.50 SAR)
๐ Targets: TP1 โ 8.34, TP2 โ 10.01, TP3 โ 12.93
๐ Re-evaluate plan if price closes below 6.70 with volume
โ Current Status:
Price: 7.09 SAR
Action: Initial entry taken โ some shares added to My portfolio.
๐ Technical Overview:
Sell-side Liquidity Cleared:
Previous lows taken out, triggering liquidity sweep.
Strong reversal suggests potential shift in market sentiment.
Volume Imbalances (Voids):
Bullish targets marked based on unfilled volume gaps:
๐ Target 1: 8.34 SAR (โ17.63%)
๐ Target 2: 10.01 SAR (โ41.19%)
๐ Target 3: 12.93 SAR (โ82.28%)
Trendline Liquidity Above:
Long-term descending trendline can act as a magnet for price, drawing it upward.
Bullish Confirmation:
Price has reacted from a bearish fair value gap.
Clean bullish engulfing and strong volume โ suggests start of reversal.
๐ฏ Buy Strategy Breakdown:
Step Action
โ Partial buy/entry completed (accumulation started)
๐ Wait for small pullback or bullish continuation to add more
๐ก๏ธ Stop Loss: Below recent swing low (around 6.50 SAR)
๐ Targets: TP1 โ 8.34, TP2 โ 10.01, TP3 โ 12.93
๐ Re-evaluate plan if price closes below 6.70 with volume
I am an SMC & ICT Master, specializing in Market Structure, Liquidity, and Order Flow. With a razor-sharp focus on precision trading, I navigate the markets with strategy and disciplineโturning probabilities into profitability!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I am an SMC & ICT Master, specializing in Market Structure, Liquidity, and Order Flow. With a razor-sharp focus on precision trading, I navigate the markets with strategy and disciplineโturning probabilities into profitability!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.