New upward trend (inshallah) The stock has formed a higher low and a higher high, which indicates optimism for the start of a new upward trend.
2083 trade ideas
LongSustaining 60.70 will lead it
towards 64 & then 66 initially.
Positive momentum is about to build.
Buy SideBuy1 around 62 - 62.70
Buy2 around 58 - 59
Average Buying Rate would be: 60.43
TP1 around 65 - 66
TP2 around 67
Stoploss 57 (closing basis)
Golden Pocket Support.Last Week's Candle was actually
a Golden Pocket Support.
Plus, Bullish Divergence on Daily TF.
However 68 is a Very Strong Resistance.
Crossing & Sustaining 68.20 will lead to 72 - 73.
Stoploss in this case should be around 61.50
THE POWER AND WATER UTILITY COMPANY is gonna still fallingTHE POWER AND WATER UTILITY COMPANY is gonna still falling for more amounts before the taking off up
Marafiq Financial Stability and Trading Insights?Marafiq is a utility company in Saudi Arabia trading under the ticker 2083 on the Saudi Stock Exchange. Founded in 1983, it's primarily owned by the Saudi government and Saudi Aramco. The company specializes in electricity and water services, focusing on the industrial cities of Jubail and Yanbu.
Key stats as of September 12, 2023:
- Share Price: SAR 67.20
- Market Cap: SAR 16.77 billion
- P/E Ratio: 23.73
- Dividend Yield: 0%
Financials for 2022:
- Revenue: SAR 13.5 billion
- Net Income: SAR 3.9 billion
- EPS: SAR 2.83
- Dividend per Share: SAR 1.1
Technical Analysis :
The stock has a strong support and buying level in the range of SAR 66-62. Traders should closely watch the stock's performance at these levels to gauge the market maker's next move before opening positions.
Marafiq primarily generates electricity from thermal plants and water from desalination plants. It has over 3,000 industrial clients, as well as commercial and residential customers. The company is financially stable and expected to grow, particularly as the industrial cities it serves continue to develop.
Exciting News for 2083!🚀💧📈 Exciting News for 2083! The Power and Water are Gearing Up for Bullish Trends 📈💧🚀 Based on Smart Money Concepts! Get Ready for an Attractive Opportunity! 💰🔥👀 #InvestmentGains
The power and water company for jubail & yanbu (2083)The power and water company for jubail & yanbu (2083)
Trendlines can create a sense of support or resistance for traders. When the price reaches a trendline, traders may be more likely to buy or sell, depending on the direction of the trend. This can create a self-fulfilling prophecy, where the price actually does follow the trendline.
The price may break through a trendline, which could signal a change in trend.
2083 (Potential Trendline Breakout)Price is near Trendline Resistance.
Bulls need stronger push for breakout.
Price is expected to take correction (RSI, Hist Bearish divergences 1D, 1H)
Accumulate now and if the price goes down for a long ride (Aggressive entry)
Enter after breakout of trendline resistance (Conservative Entry)
Ride with trailing stop loss.
2083: MARAFIQ (Cup & Handle Formation)Price at All Time High
Formation of HH, HL
Strong Bearish Divergence (Hourly TF)
Wait for HL formation for entry
Ride the trend with Trailing stop Loss
TASI: Power & Water Utility 2083 Setup for longMarafiq 2083 1D Setup
1- Trend is bullish and Fib golden pocket is respected
so it is expected to start the next bullish ride from here
2- support is at 50 and resistance is at 52, expected to go till 55 at least
Entry 51
SL: 49.55
TP1: 52.30
TP2: 54
2083: MARAFIQ (Watch for Breakout)Already taken a good upside
Continuation is expected
Short trade until an important resistance
Watch for breakout for new entry
Trade with proper SL
Manage your risk
Marafiq 2083, LONGMarafiq is a very good company for long term Investment
For Long term Investment SL is 43.9
For short term
Entry 47.7
SL 46.7
Trailing SL for Trending purpose
2083: TASI (Watch for Breakout)Reaching top of Triangle
Watch for Breakout/HH (Aggressive Entry)
Trade at Retest/HL (Conservative Entry)
Trade with stop loss
2083: TASITriangle Pattern formation
Price is touching Bottom Leg
Expected short term and long term TP levels are specified
TP1 Watchout level for further trade
Trade with stop loss and trail stop loss for further continuation
