TASI Coiling Tight: Is a Big Move Brewing?

The Tadawul All Share Index (TASI) continues to trade within a tight range, closing last week at 11,252, slightly lower than the previous week.

On the weekly chart, TASI is facing clear rejection at the trendline resistance. For a proper upside move, the index needs a strong and decisive break above this hurdle.

On the downside, 11,000 remains a solid support level. As long as the index holds above this level, the overall sentiment stays bullish.

For the coming week, the key question is simple:

• Break above resistance → short-term upside momentum.
• Stay below resistance → more consolidation.
• Break below 11,000 → pressure increases.

Right now, the market is coiling. And when a range gets tighter, the breakout that follows is usually powerful.

Strategy

Patience is power here.

Let the market show its direction.

Wait for confirmation.

Trade the breakout — not the anticipation.