Tadawul
5110 : Can utility companies stocks provide high gains?
The classis answer is No!
because of limited growth and sensitive pricing.
However, utility companies like any other company can have change of strategy, management and even product.
Saudi Electric company had recently announced major changes to its governance and strategy by minister of energy himself. The chart tell the story that has been taking place since 2017, a relevant date to change of economic policies in the kingdom.
Since then, the stock had been trading in a volatility funnel and out performing on its targets. Recently the price-action broke above the 20 SAR level, a significant level to hold to continue in the up trend.
Next target coming up is 25 SAR given possible retracement to 21.0 SAR in the coming days.
TADAWUL:5110
4280 (TADAWUL) - BULLISHHumbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market.
If you have any questions, do not be hesitant to send us message (inbox). Again, We have also provide signal recommendation with detail instruction
4280 (TADAWUL) - BULLISH
4013 (TADAWUL) - Bullish TrendHumbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market.
If you have any questions, do not be hesitant to send us message (inbox). Again, We have also provide signal recommendation with detail instruction
4013 (TADAWUL) - Bullish Trend
2010 (TADAWUL) - Bullish TrendHumbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market.
If you have any questions, do not be hesitant to send us message (inbox). Again, We have also provide signal recommendation with detail instruction
2010 (TADAWUL) - Bullish Trend
4013 - TADAWUL - Still Bullish TrendHumbled, we would like to thanks for your support who has already liked, commented and followed us.
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4013 - TADAWUL - Still Bullish Trend
The price form ABCD Pattern
7010 - TADAWUL - Bullish PredictionHumbled, we would like to thanks for your support who has already liked, commented and followed us.
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7010 (Saudi Telecom) - TADAWUL - Bullish Prediction
2010 - TADAWUL - Bullish PredictionHumbled, we would like to thanks for your support who has already liked, commented and followed us.
Your support, strengthens us, to help in analyzing the market.
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2010 (Saudi Basic Industries) - TADAWUL - Bullish Prediction
2222 - TADAWUL - Be Carefull for bearishHumbled, we would like to thanks for your support who has already liked, commented and followed us.
Your support, strengthens us, to help in analyzing the market.
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2222 (Saudi Arabian Oil Co) - TADAWUL - Be Carefull for bearish
1211: Geometric Chart Analysis for MAADEN (with targets)TADAWUL:1211
The Saudi mining company, MAADEN price-action level chart has been performing greatly for us since we first entered after the test of L3 and sold 50% at H2. We resized after successful testing to H3 and our current average is 39.50.
Looking for our interim target to be met at 45 and projecting 48 with possible outperformance to 50. Keep watching!