2120 SAUDI ADVANCED INDUSTRIES CO. to 70SR Supported by financial growth, the current target is 70SR
SAUDI ADVANCED INDUSTRIES CO. (2120) is growing its business and has invested in several startup companies that yielded great profits.
in 2023, made 148MM SAR net profits
in 2022, made 100MM SAR net profits
a growth by 48% in net profits.
In 2023, highest stock price was 50.1 SR
current price is 42.2SR
I can expect the price to recover back to 50.1SR
then jump 48% (50.1 x 1.48 = 74.5 SR)
2120
Gold abcde correction : Bottom for $2100Gold made all time high $2075. Since than it is making abcde correction which has almost finished.
This complex correction make perfect foundation for gold bullish rally which will make gold new all time high at $2100.
support of this correction being at 1765 and resistance for potential bull market is at $2120.
This bearish movement is result of profit taking at end of year.
buy low at support and sell high at resistance.