DON'T BUY 1150You can notice on the chart that the market been pushing downwards since the beginning of the year, in the chat groups people are saying that you can buy... But the chart is saying the opposite of what you see in the groups.
You can notice that it just broke a level that gave it a push towards the Price Gap we have at 25.85-25.50 to fill it then we'll see how the next move will be.
Please if you already have shares on 1150 sell them, and if you're welling to buy don't do it and check on the posts I have on my account for the stocks you can buy!
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Tadawul
DON'T BUY TASIAs you can notice on the chart, TASI filled the Price Gap we had at 12,152.282-12,229.265. Now it is heading towards the Liquidity level at 11,439.529.
If you already bought on TASI sell your shares and wait for the next entry,and if you're welling to buy it's ot the right time to do so. You can check on the other stocks I posted and buy on them and follow me for more trades on Saudi Stock Market!
BUY 2040Saw on a group people wondering if it's still time to buy on 2040 and I wanted to share with you this entry you still can take.
Wait for the market to come back to Fill the Gap and Grab the Liquidity at the same time so you can have a clean entry.
Entry at 33.60, Target at 37.20 and Stop at 31.80.
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Saudi Cement 3030 : Enough falling!Weekly chart, the stock TADAWUL:3030 has been falling for long time, and is near the long-term support line S (around 39.9).
On the intra-day time-frame, the indicators MACD and RSI are showing the rebound has started.
The price should target the Resistance line R - at around 54 passing through resistance levels at 45 and 49
A safer new buy entry can be above 42 - with the Stop Loss below 40
Closing below the Support line S, the stop loss should be considered.
POTENTIAL SETUP ( TASI : 2010 )As the market currently trading in a Parallel channel. The price was reacting well the support and resistance of channel and a market currently formed a bullish morning star candle on daily TF with a mature bullish divergence. If the market successfully sustain this buying confluence the next leg up could go for new HH.
Saudi N. Bank 1180: To target 41.4 after crossing Resist. line RDaily chart, the stock TADAWUL:1180 is trading in a descending triangle, with upper line R and lower S
It is seen as a short term trading opportunity between S and R.
However, the price should close 2 days above line R to activate the target 41.4 then 43.3
A stop loss should be considered below line R (32.9).
Be careful: Below support line S, the price can fall to next support line S1 at around 31.4
Saudi Dairy 2270 - To target 439 after beating Resistance Daily chart, the stock TADAWUL:2270 is trading between support and resistance lines S and R respectively. Closing above R for 2 days, the price will target 417 then 439
The breakout may happen around 385
Technical indicator MACD signals a minor correction may happen soon.
RSI is indicating a bullish movement.
Below support line S is a stop loss.
Seera Holding Group - 1810 - KSA - TADAWULThe 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 target of the stock, which is also around the 29 level.
DON'T BUY 2222Dear Saudi Traders,
Since Tomorrow is the day most of you are going to analyze their charts and place their ordres, I'm sharing with you the markets you can't buy for this week.
The 2nd one on the list is 2222, you can see on the chart that the market has just pulled back on the strongest candle we have which plays the role of a strong level on the market.
Plus, you pay attention for the volume which is still low to ride a Bullish move on the market.
We'd be expecting the market to come lower to reach the level 26.80 before heading up again.
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DON'T BUY 1120Dear Saudi Traders,
Since Tomorrow is the day most of you are going to analyze their charts and place their ordres, I'm sharing with you the markets you can't buy for this week.
The first one is 1120, you can notice on the chart how the volume is giving us an indication not to buy, as the chart does when the market pulled back on the resistance level to head down to 78.7 level.
Hold your funds for now.
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Harmonics on Tadawul Saudi IndexTADAWUL:TASI
Harmonics pattern drawn on TADAWUL:TASI shows the bullish trend till 11100-11200.
Bearish reversal zone may start from this zone and may correct around 10960-10860.
After taking correction, #tadawul will continue its move towards 11625 as showing strong bullish trend.
Brief Review of 4240 Stock on the Saudi Stock Exchange
Investment Details:
- Stock: 4240 (Fawaz Abdul Aziz Al Hukair)
- Quantity: 2000 shares
- Purchase Price: 12.00 SAR
Review:
I recently invested in 4240 stock on the Saudi Stock Exchange, specifically in Fawaz Abdul Aziz Al Hukair. Initially, the investment seemed promising, with the stock priced at 12.00 SAR per share when I purchased 2000 shares.
However, my experience with this investment has been disappointing. Despite the initial optimism, the stock has consistently performed poorly, reaching an all-time low in liquidity. This lack of liquidity has made it difficult to execute trades efficiently and has significantly impacted the overall performance of the investment.
Overall, my experience with 4240 stock has been unsatisfactory, with the low liquidity and poor performance overshadowing any potential gains. I would advise caution to anyone considering investing in this stock until there are signs of improvement in its performance and liquidity on the exchange.
Filing and Packing Materials Mfg Co - FIPCO (2180)Filing and Packing Materials Mfg Co, with ticker 2180, is capturing attention in the Process Industries sector, particularly in Containers/Packaging. The stock, currently priced at 57.8 SAR, is part of a vibrant industry that has seen a surge in demand due to the rise in e-commerce and sustainable packaging solutions.
Financial Snapshot:
EPS Growth QoQ: A remarkable 221% increase, signaling strong earnings momentum.
Sales Growth QoQ: A robust 33%, reflecting the company’s expanding market reach.
OPM: At 7%, the company demonstrates efficient operational management.
Technical Indicators:
RSI: At 64.32, it indicates a balanced market sentiment, neither overbought nor oversold.
MACD: A value of 0.38 suggests a bullish trend, aligning with the positive financials.
CCI: Standing at 235.74, it points to a strong uptrend, reinforcing the bullish outlook.
Market Trend Analysis: The packaging material market is embracing smart technology integration, with RFID tags, sensors, and QR codes enhancing supply chain visibility and customer engagement1. Filing and Packing Materials Mfg Co is well-positioned to capitalize on these trends, with its stock showing a steady increase of 1.28% since the beginning of the year2.
Trading Strategy:
Entry Price: 56.8 SAR
Stop Loss: 54 SAR
Rationale: The company’s impressive financial performance and positive technical indicators suggest a potential for growth. The “BO TRADE” pattern forming indicates a breakout trade opportunity, making it an opportune time for entry.
Conclusion: Filing and Packing Materials Mfg Co stands as a promising investment in the packaging sector. With its strong financials and favorable market trends, the stock offers a potential for profitable trades. Investors should, however, remain vigilant and conduct thorough research, considering the broader market trends and upcoming financial reports before making any investment decisions.