South Province Cement (3050)Monthly chart, the stock is trading in a critical zone, either rebound or fall down.
Probable rebound from support A, then next probability at support B level.
After rebounding the target will be to test the resistance A at around 64.4
Note: rebounding from support C is possible as well. Be careful!
After crossing up 68.5, the next target will be resistance line B at around 81
This is a long term view.
Tadawul
Alamar Foods (6014) is waiting a reboundDaily chart, the stock was trading in a descending wedge, broke down, and the target is 73.
However, it seems there is a tendency to re-test the previous trough at 88.6 and rebound from it.
Above the red line (103 - 104), the next target will be 121 (the blue resistance line)
Jarir (4190) is targeting 16.10 then 17.20 after crossingDaily chart, Jarir stock is about to cross the resistance line (BLUE), then the target will be 17.20
Already a double V bottom formed and the target is 16.10
MACD is very positive, indicating upwards direction.
Stop loss below 14.9 should be considered.
New ListingThis is the new listed stock in Saudi Stock Market, but from the looks of the recent price action I think this stock will sustain at current levels and most likely it will cross 100 soon. Good buying pressure is coming in around 80 level this is a good indication that stock is sustaining and bulls are flexing up.
Hit like & follow if you want more updates on Saudi Stocks.
4005 NATIONAL MEDICAL CARE COMPANYNO LIQUDITY SWEAP NO ENTRY.
STRUCTURE IS CHANGING ANYTIME.
EVERY CANDLE HAS LIQUIDITY.
PRICE ALWAYS NEED LIQUIDITY.
Nobody Knows Where is Price Going.
Hey traders, here is the analysi.
If you guys like my analysis please hit like?? and follow.
Thanks.
SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
DISCLAIMER- This is not financial advice.
🔴 TASI 🔴NO LIQUDITY SWEAP NO ENTRY.
STRUCTURE IS CHANGING ANYTIME.
EVERY CANDLE HAS LIQUIDITY.
PRICE ALWAYS NEED LIQUIDITY.
Nobody Knows Where is Price Going.
Hey traders, here is the analysi.
If you guys like my analysis please hit like?? and follow.
Thanks.
SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
DISCLAIMER- This is not financial advice.
QUICK ANALYSIS ON 1322Dear Saudi Investors, I saw in a group long ago some people talking about buying 1322, last Friday when I checked the posts I found that most of them have bought and looking for a point where to close with minimal losses.
The reason why I'm posting this is to tell you not to buy 1322 currently since the stock is still going down for months, so please don't put your money in stocks such as these and invest them in stocks in which you will make at least 10% of your investement.
Before you put your money in a stock make sure to get a good consultation.
The comment is all yours if you got any question!
BUY 4300Dear Saudi Traders and Investors, I'm sharing with you a buying opportunity I shared with my customers 2 weeks ago.
You can see on the chart, we have a breakout of the Golden Point with a confirmation, the market will keep going long.
You traders can buy 4300 and set SL and TP at your own risk.
For the investors, you still can put your money in the stock.
If you got any questions the comment section is all yours.
TASI to make slight correction and then uptrendTASI
Saudi Tadawul Index
On the daily chart, having a resistance level as technical indicator RSI is being overbought, and applying Fibonacci retracement, the index is likely to correct either 23% (11550) or 38% (11460), then rebound.
The next up wave will be begin after crossing up 11750, to target 12100
Note: The weekly and monthly charts are showing positive up potential.
BUY & HOLD FOR LONG TERM. ARABIAN INTERNET & COMM CO Looks very good on the chart, very strong uptrend as it has given a breakout of the parallel channel, also the follow up candle formed is very strong as well.
Technically we can achieve higher targets, but downside is limited as the company operates in IT sector.