Technical analysis of Thaghreb shares in August 1402 / The perspective of Thaghreb shareholders on legal behavior

According to Tejarat News, the reform process of Thagharb entered its reform process from May 13. After a period of 100 days from the mentioned date, this symbol is in a price compression. During this period, 42% of the share price of Northwest Housing Investment Company was reduced. It should be noted that the shares of Northwest Housing Investment Company with a market value of one thousand and 87 billion tomans are located in the first market of the stock exchange.

The analysis of Thaghreb trading board shows that the price behavior of this share takes place with a short break in the direction of suspicious legal movements of the share. Therefore, whenever the right has started to make heavy purchases, a little later, the stock has given good returns to the shareholders from the floor swings made in its chart. Therefore, in order to recognize the validity of the rising wave, it is very important to examine the legal behavior of the share.

The chart of the stock price of Thaghreb in the daily time frame

Since the beginning of November, when the upward trend of “Taghreb” began, during two upward waves, the shareholders of the mentioned symbol experienced a positive return of 230%. During this period, there was a corrective wave in the period from December to mid-Bahan. From the point of view of wave counting, the price is currently in the fourth wave of the larger trend of the graph.

With the help of corrective Fibonacci tool, the levels of 50 and 61.8%, which are the price levels of 949 and 850 Tomans, are introduced to technicalists. Currently, the price is fluctuating and compressing between these two ranges.

The behavior of the price in compression patterns is interpreted as spring contraction and energy absorption to release from compression. Based on this, we can expect the price to jump and its sharp movement after getting out of compression.

Will the energy point in the graph of the south change the downward trend?

Currently, two static ranges control the price of “South”. These two ranges are marked with a red box in the image of the “South” chart: the range from 870 to 890 tomans and the range from 970 to one thousand tomans;

From a technical point of view, two Andrews forks are drawn on the “South” chart. A pullback fork shows shareholders the projected size of the previous correction. Price reaching the middle line of this fork, which is marked with purple color in the chart, indicates that the size of the previous correction has been repeated.

In this view, if the share maintains the floor of 870 to 890 tomans, with the activation of the buyers’ trigger, the symbol of “Thagreb” is ready to start the fifth wave of the trend, which follows the target of 1,441 tomans.

The green fork is a trend-modifying fork. The type of price encounter with the lines of this fork indicates the acceptance of its frequency by the price. Accordingly, the return of the price to the inner space of the green fork is important. Therefore, the buyers of this symbol are waiting for this moment to activate their trigger.

If the price returns to the inner space of the fork, it can be expected that according to the third principle of Alan Andrews, the price will move to the middle line with a probability of 80%.

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