4163 trade ideas
4163 • TADAWUL - Al-Dawaa Medical ServicesThe stock presents an investment opportunity. The optimal buying zones are around the 90-88 level, targeting the areas mentioned on the chart. Growth opportunities in the sector across various regions in the Kingdom remain promising.
Buy SideBullish Divergence at a Support Level
around 86 - 88 is a Positive Sign.
Immediate Targets can be around 92 then 99
it should not break 84.As mentioned in analysis shared on 19-05-2024 that
85 should be Sustained on Monthly Basis; we
can see that Monthly Closing is at 89.90
Clear Bullish Divergence may act as a Reversal sign.
Now it should touch 92 - 93 once & Sustain this Level for
Further Upside.
On the Flipside, it should not break 84.
Golden PocketCurrently, it is in Golden Pocket and if it takes Support
from this level, we may expect Good Gains.
It should Not Break 85 on Monthly Basis (monthly support level).
Breaking this level will expose 63 & then 55 in bit longer term.
However there is a Bullish Divergence on Daily TF
& we may expect reversal from around 86 -87.
Initial hurdles can be 92 - 93 & if 97 is Crosses &
Sustained, we may witness trend reversal targeting
100 then 108.
92.60 is a Hurdle for nowa Bullish Pin Bar at a Trendline Support
is actually a Positive Sign favoring Bulls
Double Bottom Formation is around 86
that seems less likely to hit due to the
formation of a Morning Star on Daily Basis
However, 92.60 is a Hurdle for now
Entry can be taken at CMP or around 90
with a Stoploss of 85 (on Closing basis)
Initial Target to be around 95 - 96 &
then 99 - 100
4163Al Dawaa Medical Services Company, listed as 4163 on the Saudi Stock Exchange, is involved in a variety of activities including online wholesale, pharmaceutical agents, and retailing of medical equipment. The company operates through Retail and Wholesale segments, focusing on selling goods to customers through pharmacies and wholesale customers, respectively. Established in 1993, it is headquartered in Al Khobar, Saudi Arabia.
As of the latest data, the stock price of Al Dawaa Medical Services Company closed at 115.60 SAR, with a 52-week range of 70.30 SAR to 117.00 SAR. The company's market capitalization stands at 9.826 billion SAR, and it has a price-to-earnings (P/E) ratio of 30.10. The earnings per share (EPS) reported is 3.84 SAR. Al Dawaa Medical Services Company does not currently pay dividends.
In terms of trading strategy, investors are considering a stop loss at 111 SAR. The target prices are set at 119 SAR, 124 SAR, and 135 SAR, suggesting potential areas of growth or resistance that traders may be watching.
For ongoing and detailed analysis, it is advisable to keep an eye on financial news.
Dr Saud
AnalysisGood morning all! As you see on the chart we will have a big probability of a continuity of an uptrend after the breakout with force the resistance line by a big green candle with a large volume. In other hand, we can have also a reversal trend if the vwap indicator and the support line are broken with force by a big red candle with a large volume.Thanks.
Alda has reached its target Aldawa has reached its target since it broke down its top H&Ss neckline to reach the level of 72ish which is a mutual target of H&Ss and C wave of Elliot. It doesn’t however mean that it may reveres but let’s hope so. Fundamentally, the stock is very promising and it should be considered in any one’s portfolio.
Aldawa is now temporarily bearishAldawa was riding a bullish wave till it has recently formed a H &Ss. The next technical target is 72.30
