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Saudistocks

2050 : SAVOLA (The trade is ready)SAVOLA Group is a major F&B producer and distributer in Saudi Arabia and Middle East. The stock has been trading in down trend over the last year while most other companies were making new all-time high. Why? The reason being there is a major macro trend taking place since 2006. Lower lows and Higher highs forming a triangle that is generally a sign of major pull after it breaks to the upside. For the time being, the chart seems to have bottomed at around 30 SAR and now is moving on the leg up to make a new high at the upper edge of the triangle lines. We have entered the trade at 32 SAR with our target at (+23%). Keep watching this will be the trade of 2022 and 2023. Best, FBH
TADAWUL:2050Long
by binhajifahd
2380 : Petro Rabigh (+50% by Dec 2022)Petro Rabigh chart had performed very well for us last year from sub 14 to 27 SAR and now is about to perform again! The reason for this projection is the underline macro trend that is now confirmed and is about to break to the upside with potential gains of +50%. The method we use is HVF, long tested and proved accurate with combined with volume analysis. What we see in this chart is an imminent move in the stock to +23% from current levels by July 2022. And +50% by year end. Other targets are marked on the chart.
TADAWUL:2380Long
by binhajifahd
GOOD DAY TO BUY "SAUDI ARABIAN MINING"GOOD EVENING, today there are very good indications that the SAUDI ARABIAN MINING's stock will go up in the next few days : 1)the SAUDI ARABIAN MINING's stock is over the VWAP so it's protected by it 2)it broke the VWAP so there is a very big strength of buyers today 3)it broke the last resistance to the up but not by strength BUT if it breaks down the VWAP and resistance which means if it rebounded on the resistance 80% there will be a downward trend OPEN YOUR WALLETS IT'S A CHANCE GOOD LUCK
TADAWUL:1211
by MOHAMEDOUCHAIB
(1020) ALJAZIRA BANK Promising TADAWUL:1020 has just entered a decisive area (green area) . I recommend to wait for a break of that area , that would be a high probability buy signal targeting the 1st target area . There is a good potential to reach the second target area too if we do close above the 1st target area . Right now the bullish momentum is slowing down a little so it is possible price returns to around the (22.8) level before breaking above the green area . If price fails to break above the green area , then a return to the black area would be possible , and would represent a potential buy area.
TADAWUL:1020
by StockAnalystPro
Get Ready For the PartyOne of the heavily traded stock in TASI, I like the setup!! I think very soon it will make a very big move. After touching the resistance zone that is around 42.00 it touched 29.50 and bulls are in control for now. It have taken a bounce from the immediate support zone and now its ready to fill up the gap that it had created while coming down. The same GAP will now act as a resistance which should also be a first target. Over all looking in control, for a safe entry wait for a closing above resistance that is 34.30 Hit like & follow guys ;)
TADAWUL:2250Long
by stalkstock
9512 (RIYADH CEMENT CO.) ANALYSISTADAWUL:9512 is in a really interesting area right now . In fact there is a BEARISH MARKET SENTIMENT at the moment , but the price needs to close below the red box (35.7 - 35.2 area) for a BEARISH CONFIRMATION .Actually ,If it succeeds to close below the red box (35.7 - 35.2) area ,It is very likely to continue the bearish evolution towards the 33-33.5 area . On the contrary ,If price doesn't close below the red box , and later succeeds to close above the red line (36,5) then it is likely to remain stuck in the (36.5 - 37.8 )area ( between the red line and green line ) .At that time It would be just as interesting to watch the market ,and wait for a potential BULLISH CONFIRMATION : In fact , if price succeeds to close above the green line (37,8) ,it is very likely to reach the ( 40 .5 - 41 )area .
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by StockAnalystPro