Al Ashghal Al Moysra (9608) : Correction for the Next Rally ?Al Ashghal Almoysra CompanyTADAWUL_DLY:9608wish_fund9608 🚀 Daily 200 EMA in Focus: Rejection Could Build the Next Bullish Structure 📈 The stock is approaching one of the most significant technical barriers on the chart—the Daily 200 EMA, currently positioned near 18.60. This level is likely to determine whether price extends its rally immediately or first builds a healthier trend before the next move. 🔍 Technical Outlook The broader price structure continues to improve, but the Daily 200 EMA remains a major dynamic resistance that deserves close attention. A rejection at this level would not necessarily be bearish. Instead, it could provide the ideal setup for a stronger and more sustainable uptrend. 📊 The Bullish Scenario If price faces resistance around 18.60, a controlled pullback could help establish a Higher High–Higher Low (HH-HL) market structure. This would strengthen the bullish trend by allowing momentum to reset before buyers attempt another breakout. 🎯 Key Support Levels Should a correction unfold, these zones will be critical to monitor: 📍 First Support: 17.00 – Initial demand zone where buyers may step in. 📍 Second Support: 15.30 – A stronger technical support area that could provide an attractive accumulation opportunity if tested. A successful defense of either support zone would reinforce the bullish structure and improve the probability of trend continuation. 🚀 Upside Targets If the stock successfully absorbs selling pressure and reclaims the Daily 200 EMA, the next technical objectives become: 🎯 Target 1: 21.00 🎯 Target 2: 25.00 🎯 Target 3: 27.50 These levels represent the next major resistance zones where momentum and profit-taking should be monitored. 📊 My View The trend is showing signs of improvement, but 18.60 remains the make-or-break level. ✅ A breakout above the Daily 200 EMA could accelerate bullish momentum toward 21, 25, and eventually 27.50. 🔄 A rejection, followed by a healthy pullback to 17.00 or 15.30, would not invalidate the bullish outlook. Instead, it could create a stronger Higher High–Higher Low (HH-HL) structure and provide a more favorable risk-to-reward entry. Would you chase the breakout above the 200 EMA, or wait for a Higher Low before adding to your position? Share your trading strategy below! 👇 ⚠️ Financial Disclaimer Disclaimer: This analysis is for educational and informational purposes only and should not be considered financial or investment advice. Always perform your own research and practice sound risk management before trading. 📈 WiSH Fund Management | Capital • Advisory Research-driven technical analysis powered by price action, market structure, and disciplined risk management. 📊 TradingView: @wish_fund 📷 Instagram: @wishfundmanagement 📘 Facebook: Wish Fund 📧 Email: wishfundmgmt@gmail.com Strategies Today. Wealth Tomorrow. #Tadawul #SaudiStockMarket #SaudiStocks #TASI #SaudiInvesting #SaudiTrading #KSAStocks #SaudiInvestors #SaudiEquities #MiddleEastMarkets #TechnicalAnalysis #TradingView #PriceAction #MarketStructure #EMA200 #HigherHigh #HigherLow #BullishTrend #Breakout #SwingTrading #TrendFollowing #SupportAndResistance #MomentumTrading #ChartAnalysis #TradingIdeas #RiskManagement #StockMarket #Investing #BullishSetup #WiSHFundManagement