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The TASI index fell for the second week in a row, slipping over 1% and closing at 11,178.
Last week, we mentioned that the index could move toward 11,000, and this week’s drop is matching that view.
Since there may still be more downside, it’s better to avoid new buying positions for now.
Watch how the price behaves near the support level. That will help decide the next trading move.
If you’re looking for Saudi Tadawul stocks advice, follow our short-term trading tips for easy and quick market ideas.
Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.
Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.
Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.
If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website
