Saudi Arabia Stock Market

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dragon52

11/19/05 2:24 PM

Post #3

Re: #2: @samulhim - Is the nickline for the suspected head and

your second image looks more realistic....

shows the bounce and return to support... move the line a tad higher to reflect the closing price and you will see the support level.

what you show on the dips are prices that could have been a one time transaction but shows a dip because it was a trade and it does not show true trend.

the next move should bounce up again... unless there is a fundemental break down occurs causing it to break the support plain.

samulhim

07/17/05 6:42 PM

Post #2

Re: #1: @samulhim - Can we post images of Charts here?

Is the nickline for the suspected head and shoulder is drawn accurtly in the first image or in the second image?

The question is only on the direction of the nickline?

There is also a problem with the head & shoulder which is the volume. The volume on the top of the head is higer than the volume on the top of the left shoulder. Do we consider the volume is secondary concern and focus on the pattern only?