1212| ASTRAASTRA INDUSTRIAL GROUP
ALL previous targets achieved from previous analysis
Trading in an ascending parallel channels currently at the bottom of it
139 support needs to hold to keep going
Next target mid of the channel at 142 then the top of the channel at 146
Current price (white), goals and resistance (green), and support as in chart (red)
Good luck
The potential price action for Al Nahdi 4164 61This could be the potential price movement for AL Nahdi.
We still stage 4 as the way is paved towards high levels
in This stage (4) we have two scenarios
1- To reach 161.6 levels and retreat to lower lows 119
2- to reach 191.4 — motivated by the good news of the Q4 2023 — and start the natural correction to 161 levels for more rises.
All you need is to wait and divide your capital for all scenarios
ARABIAN DRILLING CO. (2381)The price action is moving in an ascending parallel channel and gives closing at 203 in the last trading session. First support lies in the range of 200-198 and second support around 190-188. If it sustains the support zone then buying opportunities will establish. On the flip side, resistance lies between 214-215, sustaining above can pull the price towards more upward. Close below 180 establish a bearish momentum.
AL-RAJHI COMPANY FOR COOPERATIVE INSURANCE (8230)Rejection occurs after making a high of SR 77 on 5th Dec’ 2023. Currently price is sustaining above 100-day EMA and accumulation in the share with increase in volume of 1.16 million is observed (pointed on chart) on 18th Jan’ 2024 which indicates upward momentum. The stock can be considered in a range of 66-63.50 with the stop loss below 59. On the flip side, resistance lies in the range of 75-77, sustaining above can pull the price more upward.