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SAUDI TELECOM CO.SAUDI TELECOM CO.SAUDI TELECOM CO.

SAUDI TELECOM CO.

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7010 trade ideas

SAUDI TELECOM has potential to go up (More Confirmation Needed)TADAWUL:7010 has a considerable potential to go up but to consider buying this stock , confirmation is needed .I think a good confirmation would be to have price closing considerably above the green line (above the 93 area) in an upcoming day .After we get this confirmation , price is very likely to continue going up until around the 103 area .I am convinced that it would be wise to HOLD this stock right now as long as it doesn't close considerably below the 86 mark because I think it has a good potential (Long term) .
TADAWUL:7010
by StockAnalystPro
Saudi Telecom stock bullish signs Support and Resistance lines: Fibonacci Retracement: When drawn from the highs of 2006 at 180 SAR to the lows of late 2011 at 30 SAR, the 0.382 line falls at 90 SAR and the 0.618 falls at 125 SAR. 90 SAR is a strong line for three major historical resistance/support regions, late 2005, late 2007, and late 2018. 100 SAR is also a weaker level . On the monthly time scale: 1. TD sequential is showing a green 2 trading above a green 1. That is a bullish sign. 2. Price has already passed and closed above the 90 line where also the .382 Fibonacci line falls. On the weekly time scale: We are on a green 8 on TD sequential. So we expect a pull back on this candle or the next for one to four weeks. I expect resistance at 100 SAR and support at 90 SAR.
TADAWUL:7010Long
by TechNerdOmar