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.
DON'T BUY 1120 NOWDear Saudi Traders and Investors,
As you have read on the title, don't buy 1120 this week, you can see on the chart, the price is currently on the tough resistance we have at 83.2, since it has a high volume, we must wait for the price to give us a confirmation that it will continue on its way up. If not this MIGHT be a pullback, however there's a high probability of going higher. To play it safe wait for the confirmation.
Don't hesitate to task in case you got furder questions!
DON'T BUY ON 2222Dear Saudi Traders and Investors, it's been a while since I last posted about any market.
Today I'm giving you some updates on Saudi Stocks.
Starting with 2222, as you can see on the daily chart, the price is currently on the tough support level we have at 32.85 with the highest volume we have in the period of the past 2 months. What you got to do now is you wait for the price to come back up with a confirmation of the pullback then you can get in with your position.
Don't hesitate to ask if you got further questions!
1120The Tadawul All Shares Index (TASI) closed the latest weekly session at 11,225.35 , marking a positive gain of 47.87 points (0.43%) . Currently, the index is testing desending trend line. The index shows low activity with a small candle body which indicated rejection can be seen in upcoming sessions. A bearish pattern is evident until the 10,400 support sustains. The weekly RSI stands at 53.84, while the MACD signals a weak bearish trend, poised for a bearish shift.
Jabal Omar Jabal Omar is currently exhibiting a bullish trend in both daily and weekly charts, signaling a promising investment opportunity.
The company's strategic plans for expansion, coupled with the ongoing developments in Hajj and Umrah services, bolster the likelihood of robust growth.
Our target for Jabal Omar is an ambitious yet attainable 28, reflecting confidence in its future potential.
Dr saud