Nahdi medical will strongly continue its down trend Hello,
Dear investors, be aware if you still hold nahdi medical stocks, why:
- As it is shown on my chart we are still on the downtrend corridor
- It will go down until 103 wich is combined to bottom of this corridor and the 100% fiboo tool
what should you expect if you want to enter :
*As a buyer
- buy on the lower level(103)
- you invest more when it breaks up that corridor and specially when it go back to retest
this breakout.
Tadawulstocks
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!
Follow for more!
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.
Follow for more!
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.
Follow for more!
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.
National Gas & Industrial Company - GASCO (2080)National Gas & Industrial Company, listed with ticker number 2080, is currently making waves in the Utilities sector as a Gas Distributor. With a current market price of 87.7 SAR and a robust market capitalization of 6.58B SAR, it stands out as a significant player in the market. The company’s financial indicators are promising, with a 9% growth in EPS and a 10% increase in sales quarter over quarter. Additionally, the stock enjoys a high degree of liquidity, with 82.42% of its shares available for trading.
From a technical analysis standpoint, the stock is forming a Volatility Contraction Pattern (VCP), which often signals a potential for price movement. The RSI is at 65.93, edging closer to the overbought threshold, while the MACD at 3.06 suggests a bullish momentum. The CCI at 117.87 further supports the overbought condition, indicating that while the stock has potential, traders should proceed with caution.
In light of the current market trends and the stock’s performance, the entry price is set at 88.5 SAR. To safeguard investments, a stop loss should be placed below the recent swing low or at a level that aligns with individual risk tolerance. The stock has shown a positive trend with a 28.97% increase since the start of the year, bolstered by solid financial performance and strategic agreements that could propel further growth.
In conclusion, National Gas & Industrial Company presents an intriguing opportunity for traders. The combination of financial stability, growth, and bullish technical indicators makes it a stock to watch. However, given the nearing overbought conditions, vigilance is advised. Traders should conduct their own research, stay updated on market trends, and employ risk management strategies to ensure the protection of their investments.
40% upside potential in The Saudi National BnakThe Saudi National Bank is the largest commercial bank in Saudi Arabia.
The share of the bank saw a rise in the form of a wave 1 in march of 2023 from the bottom and then a subsequent 80% retracement of the same from July till oct 2023.
The share has now kicked off in the new wave 3 structure. Since the wave 2 retracement was very deep, it opens up the probability of wave three getting extended and move all the way up till the 50 SAR mark.(44% from CMP)
One could look for some retracement of the past 4days move to make an entry and then ride the strong bullish wave 3 all the way it it lasts.
Note*- This post of is for educational purpose only.
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.