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DON'T BUY 1120 NOWDear Saudi Traders and Investors, As you have read on the title, don't buy 1120 this week, you can see on the chart, the price is currently on the tough resistance we have at 83.2, since it has a high volume, we must wait for the price to give us a confirmation that it will continue on its way up. If not this MIGHT be a pullback, however there's a high probability of going higher. To play it safe wait for the confirmation. Don't hesitate to task in case you got furder questions!
TADAWUL:1120Long
by YassineAnalysis
DON'T BUY ON 2222Dear Saudi Traders and Investors, it's been a while since I last posted about any market. Today I'm giving you some updates on Saudi Stocks. Starting with 2222, as you can see on the daily chart, the price is currently on the tough support level we have at 32.85 with the highest volume we have in the period of the past 2 months. What you got to do now is you wait for the price to come back up with a confirmation of the pullback then you can get in with your position. Don't hesitate to ask if you got further questions!
TADAWUL:2222Long
by YassineAnalysis
TASI: 4040 SABTCO Sometimes you have to see the big picture, the macro trend, to understand the stock movement. #TASI4040 as an example: - Higher lows and lower highs since 2007 - accelerating time in the low phases - buying with volume + improved profits - public transportation sector is growing with government and private incentives. The stock only require patience. Analysis hint to a highly likely scenario of +30% within 12 months. and even more after that. All contingent on momentum and market trend. _________ Disclosure: this is not a recommendation for investment. This is purely a journal for me and my own learning.
TADAWUL:4040Long
by binhajifahd
TASI: 4010 Dur HospitalityShown in the analysis is upward trend movement on Dur Hospitality. The company is currently going through acquisition by a major real-estate investment & development company, Taybah Investment. We bought into the stock way before the acquisition news and based purely on technical analysis. we still believe the stock has momentum for at least 10% upward move. ______ Disclosure: this is not a recommendation for investment. This is purely a journal for me and my own learning.
4Long
by binhajifahd
40% upside potential in The Saudi National BnakThe Saudi National Bank is the largest commercial bank in Saudi Arabia. The share of the bank saw a rise in the form of a wave 1 in march of 2023 from the bottom and then a subsequent 80% retracement of the same from July till oct 2023. The share has now kicked off in the new wave 3 structure. Since the wave 2 retracement was very deep, it opens up the probability of wave three getting extended and move all the way up till the 50 SAR mark.(44% from CMP) One could look for some retracement of the past 4days move to make an entry and then ride the strong bullish wave 3 all the way it it lasts. Note*- This post of is for educational purpose only.
TADAWUL:1180Long
by neeraj_2_sharma
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