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Saudi

2050 : SAVOLA (The trade is ready)SAVOLA Group is a major F&B producer and distributer in Saudi Arabia and Middle East. The stock has been trading in down trend over the last year while most other companies were making new all-time high. Why? The reason being there is a major macro trend taking place since 2006. Lower lows and Higher highs forming a triangle that is generally a sign of major pull after it breaks to the upside. For the time being, the chart seems to have bottomed at around 30 SAR and now is moving on the leg up to make a new high at the upper edge of the triangle lines. We have entered the trade at 32 SAR with our target at (+23%). Keep watching this will be the trade of 2022 and 2023. Best, FBH
TADAWUL:2050Long
by binhajifahd
2380 : Petro Rabigh (+50% by Dec 2022)Petro Rabigh chart had performed very well for us last year from sub 14 to 27 SAR and now is about to perform again! The reason for this projection is the underline macro trend that is now confirmed and is about to break to the upside with potential gains of +50%. The method we use is HVF, long tested and proved accurate with combined with volume analysis. What we see in this chart is an imminent move in the stock to +23% from current levels by July 2022. And +50% by year end. Other targets are marked on the chart.
TADAWUL:2380Long
by binhajifahd
Will the Oil Boom Last? Watch the US / Saudi relationshipHow long will the oil boom last? How much of an impact will Russian isolation have on the oil market and overall inflation? Biden has been cool to the Saudi's since he took office, after Trump cultivated an unusually close relationship with them. Unlike Biden, Trump seemed to have a predatory view of oil prices. I mean, he would do whatever it took to keep gas cheap. The longer this debacle (and its aftermath) goes on in Ukraine the more opportunity and incentive the US will have to tank the oil market. With such a large portion of GDP made up of oil, Russia is very susceptible to a deflationary spiral in oil cost. To a certain extent, oil is financing Russia's military operation since the more trouble they cause, the more their primary export is worth. While the initial inclination of the US is to isolate Russia and its oil sales this move may benefit Russia to some extent, since supply in the world will be lower they'll still likely be able to make deals to move their oil through neutral countries. However, the more this bites at the American inflation problem, the more pressure there will be to increase output. Most of the incentives will run toward increasing output; Russia will hurt more if its primary export drastically decreases in value, and the move will alleviate some inflation in western countries. After all, who will even remember why Biden has shunned the Saudis? When gas is $5+ will you cry about Yemen, especially if you can get cheaper gas and hurt Russia at the same time? Will you think of Khashoggi if it helps Ukraine? Your moral scruples will be intact and gas can be cheaper! And wtf the Climate? Who cares. That is the political calculus of the next 2 years. When you see Washington getting closer to the Saudis then be skeptical of oil prices. They can really make Russia pay this way. Of course, domestic producers have been betrayed so much over the past decade that they won't just come back online; they'll need assurances. Also, just for 'fun', here are some more predictions (more like possibilities): - Without a critical mass Belarussian forces joining, Russia will not take Kyiv and the government will remain intact, but will hold the majority of the eastern country. - Even if Russia can take Kyiv on it's own, it will take so long that it will undermine its bargaining position and be a strategic (at least politically) defeat. - Trump will at least make a statement about offering to 'broker' a peace of some sort. No one will accept. - Inflation will get bad enough that the Biden admin will treat with the Saudi's and try to smooth over their bad relationship in order to convince them to put pressure on oil prices. - The US will contemplate how they can engender the same resistance morale in Taiwan and there will be talk of resurrecting something like the TPP (Obama era) in order to provide a coalition to oppose China economically.
AMEX:USO
by PreferredStonk
1
GOOD DAY TO BUY "SAUDI ARABIAN MINING"GOOD EVENING, today there are very good indications that the SAUDI ARABIAN MINING's stock will go up in the next few days : 1)the SAUDI ARABIAN MINING's stock is over the VWAP so it's protected by it 2)it broke the VWAP so there is a very big strength of buyers today 3)it broke the last resistance to the up but not by strength BUT if it breaks down the VWAP and resistance which means if it rebounded on the resistance 80% there will be a downward trend OPEN YOUR WALLETS IT'S A CHANCE GOOD LUCK
TADAWUL:1211
by MOHAMEDOUCHAIB