Fares-egy

Fares-egy

The stock is attempting to form a positive technical pattern, a double bottom. It has confirmed a breakout above the downward trend line, and a positive quarterly close is anticipated. The stock is currently rebounding from a support level within the medium-term upward trend. The targets are set at 25, 27, and 29. The technical analysis aligns with the fair value...

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NIO stock has completed the first 5 waves of the current corrective wave and is currently trading in wave 5 of wave 1, confirming the strength of the medium-term trend. However, we believe it is approaching a corrective wave in the short term, so caution is advised regarding the levels mentioned in the report for traders. As for long- and medium-term investors,...

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The stock closed last week with a clear reversal candle, showing weakness in the technical indicators after achieving 95% of the target for the current first wave. We expect the stock to aim for a deep correction in wave 2 or a , and if it holds above the 61% Fibonacci level around the 1.10 - 1.00 area, it will continue its bullish wave in the medium term. In the...

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Polestar (PSNY) has faced significant financial challenges, with a continuous need to raise funds in recent periods, which led to its equity reaching negative values before securing new financing in September 2024. This funding deal helped restore some investor confidence, but the company remains in a high-risk phase. Polestar's stock has been trading in a...

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We expect the stock to enter an accumulation phase at its current levels, followed by movement towards the targets outlined below. This is supported by improved business results, increased production capacity, and a boost to the construction sector due to interest rate cuts. Although several financial factors are currently affecting the stock, we foresee the...

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In our previous report, we pointed out a projected wave scenario for Lucid’s stock, following positive signals indicating a short-term trend reversal. Now, we observe the formation of a bullish technical pattern, a cup and handle, and upon its completion, a rising triangle pattern emerges. All of this supports our wave outlook for the stock, which we had mentioned...

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The index is undergoing a corrective wave influenced by various external factors, including oil prices and fears of entering a recession. This situation puts pressure on several key sectors, especially petrochemicals and cement. However, we expect the correction wave to complete near the support levels shown in the chart. Once stability is maintained above these...

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In our previous report, we highlighted the importance of the 3.40 USD support level during the current correction wave, during which the company formed five waves as an indication of the beginning of a general trend reversal. Between shareholders' ambitions and the company's financial performance, we expect a positive price movement supported by the company's...

Fares-egy

The stock is currently trading near the resistance level of SAR 17.40. If this level is breached, the stock is expected to target prices of SAR 18.50, followed by SAR 21. The stock has become suitable for trading after recent transactions in the last financial period, due to the anticipated financial adjustments that will be reflected in the company's upcoming Q3...

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Oil prices are breaking below support levels, forming a symmetrical triangle pattern within a descending price channel, targeting the lower boundary of the channel. Instead of looking for support levels, focus on resistance levels until a reversal appears.

Fares-egy

Oil prices are breaking below support levels, forming a symmetrical triangle pattern within a descending price channel, targeting the lower boundary of the channel. Instead of looking for support levels, focus on resistance levels until a reversal appears.

Fares-egy

The stock presents an investment opportunity. The optimal buying zones are around the 90-88 level, targeting the areas mentioned on the chart. Growth opportunities in the sector across various regions in the Kingdom remain promising.

Fares-egy

"The stock has formed a positive double-bottom pattern and is moving towards its target. Additionally, we see the potential to reach the peak in the medium term, making the current levels a buying opportunity to move towards the indicated targets on the chart."

Fares-egy

"The stock is considered an investment and is trading within an ascending price channel. Upon breaking the 94 SAR level, it targets 105 SAR, then 120 SAR. The fair value of the stock is estimated at around 120 SAR, with growth opportunities through the IPO of Tasheel Company."

Fares-egy

The stock is in an accumulation phase. Upon breaking through the 70 level, the stock is expected to target the 75 area, followed by 86.

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We believe that gold is heading towards a correction within wave 4 during the current month of wave 5 and then begins to base itself around the 2300-2350 area, targeting the 2700-2900 area in the medium term.

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A wave of profit taking in an upward trend , We are waiting for the correction of the current wave to target 2800

Fares-egy

The stock is facing financial difficulties. There might be news we are unaware of, but technically, it is attempting to form a positive double-bottom pattern for a rebound. However, due to the company's poor financial situation, we do not recommend this stock.