This helped the overall Saudi stock market index gain 0.9 percent on Thursday, although trading volume was modest and fell from Wednesday, a negative
technical sign. The petrochemical sector lagged slightly but PetroRabigh added 3.8 percent after saying it remained committed to executing a rights issue that it had initially announced last year.
One is heavy trading volumes, a positive
technical sign; Saudi Arabia's volume on Sunday was the highest since last May, while on Tuesday Dubai posted its strongest volume in 14 months.
In one positive
technical sign, the index rose above tenkan line on the daily Ichimoku chart, which stood at 79.52 on Tuesday.
Double bottoms are a strong
technical sign that prices have reached their lows, as are future position reductions by commercial hedgers.
An interesting
technical sign of an indisputable classic is the various types of releases it has had.
The S&P 500 breaking above its 2,064 level earlier this month was another bullish
technical sign, he said.
In one encouraging
technical sign for the Nikkei, its 25-day moving average edged above its 75-day moving average, a phenomenon known as the "Golden Cross" that can often indicate further rises and is regarded as a buying signal.
Trading volume also rose in a positive
technical sign.
Trading volume in Dubai continued to rise, a positive
technical sign.
Where among these techniques and
technical signs can we still locate the body, the body, the body, the body?
They consist of
technical signs and symbols with a high memorability effect.
