4061| Anaam International Hldg Grp CoAnaam International Hldg Grp Co
Trend continuation
Following targets: 1.19 SR, then 1.45 SR
Support: 0.93
Good luck!
6015| Americana Restaurants InternationalAmericana Restaurants International
Continues to uptrend
Levels to watch for:
S1: 3.25 and R1: 3.68
The next target is 3.65 SR, then 3.95 SR.
Good luck!
4170| Tourism Enterprise CoTourism Enterprise Co
Bullish reversal; broke out Broadening Wedge Descending!
Levels to watch for:
S1: 0.60 and R1 0.86
The next target is 0.85 SR.
Good luck!
2230| Saudi Chemical CoSaudi Chemical Co
Broke out its symmetrical triangle!
Great long-term entry
Next target 5.10 SR
Good luck!
1211| Saudi Arabian Mining CoAs predicted, it broke out its Bullish Falling Wedge!
Target 47.20 is reached, and likely claim it as support.
Levels to watch for:
S: 47.15 and 44.20 SR
R: 49.20
Next target 49 SR
Goof luck!
1211| Saudi Arabian Mining CoSaudi Arabian Mining Co
Bullish Falling Wedge
Nice green candle
Next target 47.20 then 49.25
Good luck!
4072| MBCMBC
Continue to rally nicely in uprising channels
Levels to watch for:
S: 69
R: 75
Next targets: 75 then 82
Good luck!
SAL 4263SAL Saudi Logistics Services Com, 4263
Bullish Pennant
Levels to watch for:
R: 213
S: 198
Good luck!
1111| Saudi Tadawul GroupSaudi Tadawul Group
212 support retested and held well probably will retest again and resume it's uptrend
In short term
Levels to look for:
S1: 212, S2: 207
R1: 216, R2:219
Target 227
Good luck!
1180, Saudi National BankSaudi National Bank, 1180
Symmetrical triangle
Levels to watch for:
R: 42.80
S:39.05
Next target 44.25 then 45.40
Good luck!
Almawarid Manpower Co, 1833Almawarid Manpower Co, 1833
Fell its support>> short term downtrend
Probably will retest 100 level and resume it's uptrend again
Level to watch for 100-102 SR
Febraury and March expectationFor educational purposes only, not financial advice: Anticipating an uptrend in February, followed by potential dividend distribution in March, could contribute to a positive market outlook during that period.
ALAMAR The supply zone is shown, it might reflect at any time to the shwown target and even higher. the strongest point at this stage is around 120.
SABIC 2010 in a demand zoneSABIC is in a demand zone and the stop loss is shown. it is expected to have a good reflection at this level.
2170. Allujain Breaking 41.35 will target 44 then around 48.
The supply zone is weak now after several touches and weak basing structure.
SAUDI ARAMCO is BullishSAUDI ARAMCO just posted a new all time high couple of days ago, and is on track for new highs, as the bullish momentum looks good. Moreover, no divergence has yet appeared on the RSI and hence according to Dow theory, the trend of higher highs and higher lows is likely to continue. Projections from AB = CD harmonic pattern are also marked on the chart, alongside entry points and take profit targets.
2200 (APCO) - Near 52-Week High & Potential Breakout SetupArabia Pipes Co. (2200) is currently trading near its 10-year resistance level, indicating a significant price threshold. The stock has been forming higher highs, a bullish trend that suggests an upward momentum.
Interestingly, the stock price is only 1.2% away from its 52-week high, which could indicate a strong market sentiment towards this stock.
The demand volume for this stock is high compared to its supply volume, which could lead to a price increase if this trend continues. Furthermore, the stock is trading above its 20-day moving average, another bullish signal for potential investors.
In terms of financial performance, Arabia Pipes Co. has shown positive year-over-year (YoY) and quarter-over-quarter (QoQ) earnings results, which are all in green. This indicates a healthy and growing company.
The first target price for this stock is 234.6, followed by a second target at 403. This suggests that there is a potential for significant price appreciation in the future. (for mid-term invertors)
For short-term traders/swing traders, the potential take profits levels are marked.
Given these factors, Arabia Pipes Co. could be a good mid-term holding stock compared to short term.
However, as with all investments, it's important to do your own research and consider your own risk tolerance before making a decision. Happy investing! 🙂
Potential Breakout: Saudi Aramco Base Oil Company - Luberef (222Saudi Aramco Base Oil Company - Luberef (2223) is making waves in the market! Trading near its all-time high and above all key moving averages, it’s showing strong signs of an upward trend. High volume activity indicates robust investor interest.
The company has shown rapid earnings growth, up 51% a year for the past five years, indicating a strong future performance. With a first target of 166.8 and a second target of 184.8, it’s a stock to watch! Remember, always do your own analysis before investing.
