Tadaeul is potentially targeting 294 after a correction from the top.
We expected it to drop to 262 and bounce back from there.
Tadawul Company benefits from the introduction of new companies in the Saudi stock market, the entry of new traders, the increase in trading volumes, and the licenses to provide real-time price and historical data services.
We expected it to drop to 262 and bounce back from there.
Tadawul Company benefits from the introduction of new companies in the Saudi stock market, the entry of new traders, the increase in trading volumes, and the licenses to provide real-time price and historical data services.
Note
Tadawul hit a low of 260 (i expected 262)) then bounced back to close at 272.8.According to the chart analysis, it is targeting 282, then 294 and with a positive announcement it will rally to 330.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.