TADAWUL: 3050 (Southern Province Cement Co.)📈 TADAWUL: 3050 (Southern Province Cement Co.)
The stock has entered a long-term demand zone near 30.70–32.00, showing historical support. If this zone holds, a potential bullish reversal could take price first toward the 36.90 resistance, then to 44.00, with a final target around 46.35.
Trade Idea:
Entry: 32.00–33.00 (inside demand zone)
TP1: 36.90
TP2: 44.00
TP3: 46.35
SL: Below 29
Bias: Bullish (as long as price holds above 30.70)
Narrative: Accumulation in demand zone with a possible shift in trend.
