Technical Analysis: Arabian Contracting Services (4071), TadawulArabian Contracting Services Co.TADAWUL_DLY:4071THE-CHART-ALCHEMIST📊 Technical Analysis: Arabian Contracting Services (4071), Tadawul By The Chart Alchemist ✨ --- 🧭 Overview A structural shift is underway — from a strong bearish phase into a range-bound accumulation. This phase demands patience, precision, and confirmation-based execution. --- 📉 Bearish Trend (Previous Structure) 🔻 Prolonged downtrend within a descending channel (light pink) 🔻 Strong selling pressure dominated 🎯 Final low formed near SAR 79 --- 🚀 Breakout Phase 🟢 Price broke out of the bearish channel 🟢 Indicates seller exhaustion + early bullish intent 🔄 Transition from markdown ➝ accumulation --- 📦 Accumulation / Trading Range 🔵 Price now consolidating in a defined range: 🔻 Range Low: SAR 98 🔺 Range High: SAR 128 📌 Classic reaccumulation structure — smart money positioning zone --- ⚖️ Current Phase (Mid-Range + Demand Zone) 📍 Price hovering near SAR 114 (mid-range) 🔹 Minor demand zone present ⚠️ But technically: ❌ Mid-range = No edge zone ❌ Weak risk-to-reward ❌ Indecision area --- 🎯 Strategy & Trade Planning 🟢 Buy Scenario 1 (High Probability) 💰 Near SAR 98 (Range Bottom) ✅ Enter only after bullish reversal confirmation 🔥 Best risk-to-reward setup --- 🟡 Buy Scenario 2 (Secondary Setup) 📍 Around SAR 114 demand zone ⚠️ Only if strong confirmation appears (e.g., structure shift, momentum spike) --- 🎯 Targets 🚀 Primary Target: SAR 127 – 128 (Range High) --- 🛑 Risk Management 🔻 Stop Loss: Below SAR 108 ⚖️ Maintain disciplined execution — range markets are volatile --- 📌 Positioning Guidance ❌ New Entries: Avoid without confirmation ✅ Existing Holders: Can hold within SL/TP plan --- 🧠 Conclusion 📦 The stock is in a controlled accumulation phase ⏳ Patience is key — avoid mid-range traps 🎯 Focus on range extremes + confirmation entries for optimal trades --- 🔥 Trade smart. Execute with precision. Let the structure guide you.