TASI-1212: ASTRA INDUSTRIAL GROUP - 2 DEC 2024.Bullish bias for TASI-1212: ASTRA INDUSTRIAL GROUP on 2 DEC 2024.
Buy at 168.4 with SL at 165.4.
TP-1 at 153.6 and TP-2 at 156.2.
1212 trade ideas
Astra Industrial Group Company - AIG (1212)Astra Industrial Group Company, trading under ticker 1212, is a prominent entity in the Health Technology sector, specifically within the Pharmaceuticals industry. The company’s stock is currently valued at 165.6 SAR, with a market capitalization of 13.25 B SAR, reflecting its substantial market presence.
Financial Highlights:
The company has demonstrated a significant sales increase of 21% QoQ.
An impressive operating profit margin (OPM) of 43% indicates strong operational efficiency.
The free float percentage stands at 43.77%, suggesting a healthy level of liquidity in the market.
Technical Indicators:
The RSI is at a balanced level of 61.94, indicating neither overbought nor oversold conditions.
A bullish trend is suggested by a MACD value of 6.13.
The CCI at 70.21 is within a normal range, not signaling extreme market conditions.
Current Market Trend: The stock has been performing well, with a recent price increase and a 1-year change of 65.61%. The company’s latest financial results show a revenue increase of 5.05% and a net income surge of 45.93%, which are positive indicators for potential investors1234.
Trading Idea:
Entry Price: 170.2 SAR
Stop Loss: 157 SAR
Investment Rationale: The company’s strong financial growth, coupled with positive technical indicators, makes it a promising investment. The VCP pattern forming suggests potential for price movement, making it an opportune time to consider entry.
Conclusion: Astra Industrial Group Company stands out as a solid investment option in the pharmaceuticals space. The company’s robust financial health and favorable technical analysis present a compelling case for potential gains. Investors should, however, remain vigilant and conduct thorough research, considering the broader market trends and upcoming financial reports before making any investment decisions.
Please note that this idea is based on the provided data and current market trends. Past performance is not indicative of future results, and it’s essential to use risk management strategies such as stop losses to protect your investments. Happy trading!
1212| Astra Industrial Group 📊 Astra Industrial Group
📈 Broke out it's cup and handle pattern then broke out its bullish flag
✅All goal achieved with with 25 % gain thus far!
🚀Updated analysis. 🎯 Next targets in chart
Good luck!
🤝Please do not forget to support, cheers, like, comments and boost!
Thanks!
1212| ASTRAASTRA INDUSTRIAL GROUP
ALL previous targets achieved from previous analysis
Trading in an ascending parallel channels currently at the bottom of it
139 support needs to hold to keep going
Next target mid of the channel at 142 then the top of the channel at 146
Current price (white), goals and resistance (green), and support as in chart (red)
Good luck
1212| ASTRAContinue Bluish
First goal at 129 reached!
Current price (white), goals and resistance (green), and support as in chart (red)
Good luck
1212| Astra Industrial GroupAstra Industrial Group
Bullish
Support at 126
Targets: 129 and 135
Good luck!
Astra Industrial Gr....TadwalAstra industries is in bullish trend...look for consolidation breakout at 1 hr time frame...Bulls can drag the levels to next level...wait for breakout
1212: TASI ASTRA INDUSTRIAL GROUPBreakout is observed,
An aggressive Entry @ current level can be taken
Conservative Entry can be taken after retest (formation of HL)
Cup and Handle Pattern
AB=CD Harmonic Pattern
Ascending Triangle Pattern
Formation of HH, HL, Dow theory Bullish trend
Enjoy the ride
Fib Levels and extensions are mentioned for TPs (Long term targets)
Trail your stop loss accordingly
1212: TASI ASTRA INDUSTRIAL GROUPBreakout is observed,
An aggressive Entry @ current level can be taken
Conservative Entry can be taken after retest
Cup and Handle Pattern Formation
AB=CD Harmonic Pattern
Formation of HH, HL, Dow theory Bullish trend
Enjoy the ride
Fib Levels and extensions are mentioned for TPs (Long term targets)
Trail your stop loss accordingly
1212 Tadawul Structure in playPossible paths this stock can take to draw the price action. Paths are based on fib ratios, elliot waves and corrective structures. Please support if it helps.
0.5 to 0.618 ideaI am buying Astra, a climb over the sunline on September cycle and the 180 degrees on the static square of 9 is promising, tight stop relatively ( daily closing below will activate it )
This is a mid-risk trade in my opinion because it has been going down for a few weeks now and assuming a reversal is inherently riskier. I also happen to think that if it breaks this cluster of two targets here then I can re-enter on a newer trade w/ wider stop and target the 1:1 HTF.
I'm already in at 40.20
