Quick analysis on BURGAN BANK
Good afternoon dear Kuwait inverstors!
I saw people on a group arguing on whether they buy BURGAN BANK stock or no, I made this analysis to share my thought with you.
You can see on the chart that the price kept going down on a channel for the past 9 years, Aug 2022 it did what we call a squeeze on the system I follow. Currently, the market is consolidating and we'll be waiting for it to break the channel to see if you must buy the stock or no.
For more questions on any market you want don't hesitate to ask and I'll be answering with pleasure!
I saw people on a group arguing on whether they buy BURGAN BANK stock or no, I made this analysis to share my thought with you.
You can see on the chart that the price kept going down on a channel for the past 9 years, Aug 2022 it did what we call a squeeze on the system I follow. Currently, the market is consolidating and we'll be waiting for it to break the channel to see if you must buy the stock or no.
For more questions on any market you want don't hesitate to ask and I'll be answering with pleasure!
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