Bullish divergence is observed in the daily timeframe for Saudi Aramco. The current downtrend is expected to reverse after the bullish divergence. The current downtrend is likely to reverse into an uptrend and reach levels indicated on the chart. The trend has already started to reverse and the previous LH is broken, confirming the trend reversal and a good point to take a long position.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.