1320 TADAWUL
Saudi Steel Pipe
BUY
Close
55.55
Prev.Close
55.10
Change
+0.4500
Change%
+0.82%
BULLISH THREE GAP DOWNS
Bought at
55.55
Open
55.20
High
55.60
Low
54.35
Close
55.55
 
0.00%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Signal Update
Today's recommendation from our system is to BUY. The BULLISH THREE GAP DOWNS pattern has finally received confirmation because the prices crossed above the confirmation level at 55.35, and our valid average buying price now stands at 55.55. The previous SELL signal was issued on 13/07/2025, 4 days ago, when the stock price was 57.60. Since then, 1320 has fallen by -3.56%.
Market Outlook
Let’s jump on our white horses and go for a bullish ride. Today’s candlestick has a white body and its close is above the confirmation level. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. The trend is also bullish and perhaps it is the right time to participate in bullish fervor. The market is signaling a potential new profit opportunity. Capitalize on this bullish opportunity without hesitation.
Pattern Description
This is a four-day bullish reversal pattern. It involves three consecutive days, each opening with a gap down. Following these Three Gap Downs, the market becomes significantly oversold, setting the stage for a reversal of the ongoing downtrend. more...
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