7030 trade ideas
WAIT FOR A CORRECT PULLBACK PROTOCOL, We can create this bullish channel to have a better view for the market and also to spot the perfect entry point respecting the pitchfork sides,
Recently we saw a good VWAP breakout but the market just go test the validity of the red trend line, so we need to see a clear pullback to buy shares.
7030 - ZainFundamental Analysis:
Quarterly Operating Margin = 18.8%
Quarterly Free Cash Flow = 43.5%
P/E = 8.7
P/B = 1.7
RoE = 20.5%
RoA = 4.1%
Div Yield = 0%
EV/BITDA = 4.8%
Competitive Advantage = 4/10
Technical Analysis is shown in the graph.
Summary:
As for the fundamental analysis, I think it is a great company except for the div yield which is = 0%.
As for the technical analysis, I think you should wait till the price reaches around 8.5 SAR which leaves a good margin of safety just in case.
Have a good day.