Riyadh Cables Group 4142**Riyadh Cables Group (4142): A High-Growth Opportunity! 🚀**
Riyadh Cables Group (4142) is positioned for an impressive rally with a **50% upside target** projected in the coming weeks! As a market leader in cable manufacturing, Riyadh Cables stands strong amid rising demand in construction and infrastructure projects, making it a prime pick for growth-oriented investors.
**Why Buy Now?**
- 📈 **Strong Market Position**: The company leads with high-quality products and steady market expansion.
- 🏗️ **Sector Momentum**: Increased infrastructure investment is set to fuel demand.
- 💹 **High Upside Potential**: Forecasts indicate a promising 50% gain in the short term.
Take advantage of this promising opportunity, but remember to manage risk with appropriate stop-loss strategies. With strong fundamentals and market support, Riyadh Cables could deliver substantial rewards for savvy investors!
Make it or Break itIf 135 is Broken we may see 124 & then
around 90 - 92 levels.
However, it should bounce from the 135 - 136 once till 150ish.
144.20 - 144.50 is Immediate Resistance
that needs to break & sustain.
On the flip side, if 177 is Crossed with Good
Volumes & Sustained, we may witness its
Uptrend target around 250 - 255
8200: Bullish_Inv. H&S_HH, HL FormationContinuous HH, HL formation
Price is showing few chart patterns (Inv. H&S, Ascending parallel channel)
Continuously forming HH, HL
Daily timeframe shows breakout of parallel channel
A correction can be expected which will be allow entry at better price.
trade with proper risk management.
Don't forget SL
Uptrend Continuation...?Though it has Broken the Parallel
Channel but there is Bullish
Divergence on Hourly TF.
However, there is a Tweezer Top
Candle formation on Weekly TF.
So if 8.70 is Crossed, we may
aww the Trend Contiuation.
Good Support seems to be around 7.60 - 7.80
Immediate Resistance is around 8.70 - 8.90