Sedco Capital Reit Fund : From Deep Discount to Potential 14–16SEDCO Capital REIT FundTADAWUL_DLY:4344wish_fund4344 📈 From Deep Discount to Potential 14–16 Target? The Weekly Chart Tells an Interesting Story 🔥 The weekly chart suggests that price may have completed a major accumulation and recovery phase after rebounding from a deep discounted Fibonacci retracement zone of the previous bullish swing from 4.14 to 11.00. 🔍 The Price Structure After the initial bullish move, price retraced within a descending parallel channel, eventually forming a significant swing low near 5.91 in November 2025. Since that low, price has demonstrated strong weekly bullish momentum and steadily recovered, despite the severe geopolitical conflict affecting the region during the first half of 2026. This resilience is an important technical observation. ⚠️ Key Resistance: 8.10–8.25 Price is now approaching a significant resistance zone around 8.10–8.25, which aligns with the 0.5 Fibonacci retracement level. At this stage, the market may need to cool off before continuing higher. This could happen through: 🔹 Sideways consolidation 🔹 A controlled technical correction 🔹 A retest of previous breakout levels 🎯 Two Critical Correction Zones If price experiences a pullback, two areas stand out: 📍 7.13 — Parallel Channel Breakout Retest A retest of the previous descending channel breakout could provide an important support test. 📍 6.80 — 0.618 Fibonacci Retracement Zone This area represents the deeper Fibonacci retracement level of the latest bullish swing and could act as a potential demand zone. 🚀 Breakout Strategy For new positions, chasing price at the current market price may carry a relatively higher risk due to the nearby resistance zone. A confirmed breakout above 8.25, preferably followed by a successful retest and support confirmation, could provide a more favorable risk-reward entry for momentum traders. 📊 Potential Upside Targets If the bullish structure remains intact: 🎯 Initial upside target: Around 12.00 This is where the projected AB=CD harmonic pattern could reach completion. 🔭 Extended target zone: 14.00–16.00 A Reverse Fibonacci Extension projection suggests the possibility of a larger measured move toward this region. 🧠 My View The broader weekly market structure remains bullish, but price is now entering a major technical decision zone. The key question is: Will price break above 8.25 and accelerate higher, or will the market first consolidate and retest lower support levels before the next major move? For me, 8.25 remains the key trigger level, while 7.13 and 6.80 are the important correction and accumulation zones to monitor. Do you think this is a breakout setup—or does price need one more correction before the next leg higher? 👀 Share your view below. ⬇️ 🔖 Hashtags #Tadawul #SaudiStocks #SaudiStockMarket #TASI #SaudiInvesting #SaudiTrading #SaudiInvestors #TadawulStocks #SaudiMarket #KSAStocks #RiyadhMarket #GCCMarkets #MiddleEastMarkets #StockMarket #Investing #Trading #TechnicalAnalysis #PriceAction #Breakout #SwingTrading #MarketOutlook #StockAnalysis #TradingIdeas #Bullish #Bearish #ChartAnalysis #TradingView #WiSHFundManagement