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The Tadawul All Share Index (TASI) is attempting a rebound after finding strong support near the 10,500 level, following a steady five-week decline.
As discussed earlier, the market had slipped into oversold territory, making a pullback almost inevitable. The current move appears to be that relief rally starting to unfold.
That said, clear bullish momentum is still missing. This rebound may remain a short-term retracement, potentially carrying the index closer to the 11,000 zone in the near term.
For a stronger and more sustainable uptrend to develop, TASI must hold decisively above 11,000.
In the meantime, this phase is best used to focus on technically strong stocks—those already showing relative strength or bouncing from key support levels. A buy-on-dips approach remains the most sensible strategy in the current market setup.
Overall, staying aligned with insights from a trusted Saudi stocks advisory can help investors identify potential opportunities during this short-term TASI rebound while managing risks effectively.
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
