Saudistocks
BANK ALJAZIRA ANALYSIS - A STRONG MOVE IS COMING This analysis was based in the price action and we can tell that the next breakout will decide the market movement,
Stay in a watch out position,
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WE STILL HAVE FRESH BREATH TO REACH THE TARGET LEVELthis is an analysis for one of the best SAUDI ARABIA STOCKS,
stay a buyer
HOLD ON THE MARKET WILL GO UP FURTHER MORE This analysis is dedicated to the investors in DAR ALARKAN REAL ESTATE DEVELOPEMNT CO,
Stay tuned,
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Saudi IndexTasi today gave a nice closing confirming more upside or rather resuming upside after the current small retracement from the recent highs. It also corresponds with FIb retracement levels. Market is ready to move upside and to test the 200 ema very soon. I can predict a J hook pattern which can be very strong up side move. I am bullish on this one. Happy Trading :)
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Tadawul retracementslow and steady retracement at the breakout levels. I think more upside coming soon. Many shares in tadawul have given breakout and are coming back for a restest i think more bullish scenario coming ahead. Happy Trading :)
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Tadawul Stuck in a range boxTadawul index is under pressure and in a range after heavy sell off triggered. Its been in this box for a while now and after 2 doji days i think either it should breakup or retrace from here and retest the bottom of the box area. Though still in a range but highly trade able as the range is big and looks juicy. In my opinion it will break up testing the 200 ema soon. Lets wait and watch till thn happy trading :)
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SAUDI KAYAN PETROCHEMICHAL CO Buy Signal To Watch (2350)Recently , TADAWUL:2350 had enough bullish strength to break above the black line .
If we close in an upcoming day considerably above the green area (significantly above the 8.8 ) , this stock would very likely continue up towards the first blue rectangle area at the 9.8-10 area , with an important potential to reach the second target at the secong blue rectangle (11.2-11.7 area).
The probability of reaching the second blue rectangle area is considerable but it would depend also on how price will act around the first blue rectangle area (9.8-10 ) .
SAUDI BASIC INDUSTRIES CO likely to go up .TADAWUL:2010 gave a buy signal , I think price is likely to continue up to around the first blue rectangle (88.3-91.5 Area) which would be the first target with a powerful level around the 88.3 (first blue line) .
It would be interesting then to watch If the price breaks and closes in an upcoming day considerably above the first blue rectangle (Above the 91.5) because if it does , it would likely continue up to around the second blue rectangle which would serve as a potential Second Target .
(Second Blue Rectangle :101.5-105.5 area with a powerful level around the second blue line at 101.5)
SAUDI TELECOM CO looks promising .After publishing (On May 1st) the buy entry on my profile for TADAWUL:7010 it went from around 90 to 100 so far (Over 11% Growth) .Right now , being priced at 100 , there is still a promising potential for this stock .
In fact this stock is showing a powerful bullish momentum .AS LONG AS it remains CONSIDERABLY ABOVE the black line (like now) and closes the week considerably above the black line it would very likely continue up to around the first blue rectangle (105-110 area) with the strongest level in the blue box at around the 106.7 .At that point it would be interesting to watch an upward break of the blue rectangle and a considerable close above the first blue rectangle .That I think would be a powerful signal that we would continue up to around the second blue rectangle at the 117.5-120 area with the strongest level in the box being around the 117,5 .
SAUDI TELECOMSaudi Telecom shares are witnessing a downward trend towards level 61 and if this level is not strongly broken, then we will buy as soon as the market rises and break the level 100 and the target will be level 161.
SAUDI BASIC INDUSTRIES CORP Analysis .I think one still needs clear signs from TADAWUL:2010 before making any decision , because right now this stock has yet to confirm where price is heading .The way price will behave around key areas in the days to come will probably confirm the direction price is going to take .I think right now it would be better to just back up and wait for a sign .
SAUDI TELECOM has potential to go up (More Confirmation Needed)TADAWUL:7010 has a considerable potential to go up but to consider buying this stock , confirmation is needed .I think a good confirmation would be to have price closing considerably above the green line (above the 93 area) in an upcoming day .After we get this confirmation , price is very likely to continue going up until around the 103 area .I am convinced that it would be wise to HOLD this stock right now as long as it doesn't close considerably below the 86 mark because I think it has a good potential (Long term) .
