4040 - SAUDI PUBLIC TRANSPORT CO. LOOKS BULLISHSAUDI PUBLIC TRANSPORT CO. looks bullish and a possible 15% move is expected as per previous price action which was supported by huge volume
4040
4040 is expected to cross 17.4, target 19.6Saudi Public Transport Co.
On the daily chart, the tech. indicators are showing tendency to cross 17.4 up (the resistance line), then the target will be 19.6
Stop loss 16.8 - 16.5
On the weekly time frame, above 18.5, the far target will be 35.7
TASI:4040 Long SetupSaudi Public Transport is making a series of HHs & HLs and respecting the trendline.
A bullish divergence can be observed
Entry: CMP 17.98
SL: 17.72
TP1: RRR 1:2 18.5
TP2: RRR 1:4 19:00
TP3: RRR 1:6 19.5
4040 SAUDI PEBLIC TRANSPORT COHey traders, here is the analysi. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER- This is not financial advice. SMART MONEY CONCEPT
