Al Hammadi_4007_Tadawul: Price has rebounded near the 200 SMA <~43 SAR> and is hovering around the 100 SMA, sustained closes above these long-term averages typically indicate bullish strength.
Support & Resistance: Primary Support ~37–38 SAR, which held during the recent pullback.
Momentum: Signaling a potential shift in bullish momentum, safest entry can be taken later at a breakout of B-Point to have 25~26% potential profits
Fundamental Highlights
Earnings Growth: Net income has shown consistent year-over-year increases, indicating improving profitability.
Cash Flow Trend: Positive and rising cash flow strengthens the company’s financial position, providing flexibility for future investments or debt reduction.
TTM Growth: Trailing twelve-month figures reflect ongoing momentum, suggesting recent quarters have trended positively.
Forward Outlook: With Q4 earnings expected soon and an overall 2024 forecast above 2023 levels, fundamentals appear aligned for continued growth.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.