4008an upward trend in the prices of an industry's stocks or the overall rise in broad market indices, characterized by high investor confidence
4008 trade ideas
4008 sacodivergenc
bullish trend, with prices breaking through their resistance levels. This is a sign that the rally is just getting started, and the shares could reach new highs in the coming months.
SACO - SAUDI COMPANY FOR HARDWARE 4008Saudi Company For Hardware weekly time frame after closing and stability above 39.55 waiting to hit 46.25 and 53 Good luck
SACO 4008 ساكوafter long downtrend since July 2021 now we can confirm uptrend after crossing channel and to make more confirmation wait to close above 35 SAR. so have fun with trading in uptrend.
بعد مسار هابط تاريخي منذ شهر يوليو 2021 السهم يخترق القناة الهابطة على الاطار الشهري والأسبوعي كذلك. اتوقع حركة متازة للسهم والتحول لمسار صاعد. وللتأكيد انتظر تجاوز سعر 35 حتى يكون التداول آمن. بالتوفيق للجميع
Saudi Company for Hardware confined!Right now it has formed a diamond after a wedge. Will update if the point highlighted is crossed up with decent volume.
SACO on a bullish wave. Long SACO is now confirmed via multiple schools; classic (Triangle) and Wolfe Wave. First target is 43 and if successfully surpassed then 50ish is the second. It could not meet the speculation of the general liquidity goes against the plan.
4008 Stock up for the next few weeks4008 Stock up for the next few weeks.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Technical Analysis on SACO (4008)The fundamental analysis for this company is not great, just ok. However, its technical analysis is very attractive, so I would consider it a speculative stock with low risk involved.
The Fundamental analysis:
1- Quarterly Operating Margin: -3.1%
2- Quarterly Free Cash Flow: -2.3%
3- P/E: 20
4- P/B: 3.4
5- RoE: 16%
6-RoA: 6.3%
7- Div Yield: 3.64%
8- DPR: 76.6%
9- P/S: 1.4
10: Competitive Advantage: 8
11- EV/BITDA: 14.86
The technical Analysis is shown:
Good luck
