TASI Weekly View: Consolidation Continues Ahead of Potential Upside

The Tadawul All Share Index (TASI) has begun 2026 with quiet confidence. On January 1st, the index moved higher by 0.56%, and by the end of the week, it managed a modest gain of 0.2%.

On the weekly chart, TASI has formed a hammer candle with a long lower wick near a strong support zone. This clearly shows that selling pressure is weakening. In simple terms, smart money appears to be slowly entering, even though strong momentum is still missing.

Key Levels to Watch This Week

For any meaningful near-term upmove, TASI must hold above the 10,700 level.

If this level sustains:

• Confidence can slowly return.
• The index may start moving towards the 11,000 zone.

However, without strong follow-through buying, the market is unlikely to trend immediately.

Most Likely Scenario for the Upcoming Week

• TASI is expected to remain range-bound between 10,500 and 10,700, as the market pauses and looks for fresh direction.

Strategy for Short-Term Traders

This is a precision-driven market, not one for aggressive trading.

• Focus on buying only on strength, with entries after a clear breakout above 10,700.
• Risk management remains crucial—keep tight stop-losses and exit quickly if momentum weakens.