United Electronics - 4003"The stock is considered an investment and is trading within an ascending price channel. Upon breaking the 94 SAR level, it targets 105 SAR, then 120 SAR. The fair value of the stock is estimated at around 120 SAR, with growth opportunities through the IPO of Tasheel Company."
4002: Support from Channel BottomPrice is moving within an ascending parallel channel on weekly TF.
Bottom Support line was retested recently.
Formation of HL is in progress.
(Aggressive) entry can be taken now or
(conservative) entry can be taken after formation of green candle
Ride the trend until channel top.
Manage your risk accordingly.
I hope im wrong.I know this is a good company in sheets. But I don’t know, i hope im wrong.
If the idea works means not just a price going down it’s mean there is something wrong in there sheets. I didn’t go deeply in there sheet but they have good reputation.
+ the chart hv deep targets not only what i put in here, but i will keep them later.
This just a TA not Financial advice.
Hv good day.
2281: Watchout_Double Top Formation2281 is moving nicely in an ascending parallel channel taking support from a long-term trendline support continuously.
Price has shown breakout from parallel channel and has formed double top at a critical resistance of 140.
Bulls need to break the resistance of 140 to continue the bullish trend or wait for correction.
7204: Breakout and Retest7204 was in correction for a while within descending parallel channel.
Breakout followed by retest is observed on parallel channel.
Price has started showing HH, HL formations after
taking support from horizontal line
which is also golden pocket fib level.
A Bullish divergence is also formed.
Take entry now (with aggressive or conservative SL) and ride the trend.
Do proper risk management based on your portfolio and appetite.