Bearish on Shorter TFBearish on Shorter TF
but making an Ascending Triangle Formation
possible supports can be
around 11.30 - 11.70
Stoploss should be 9.90 (on closing basis)
7030 trade ideas
7030Zain second wave starts now and the target is 20 please keep a tight stoploss and keep watching your position.
Saud
7030-TADAWAL-MOBILE COMNICATION7030-TADAWAL STOCK-MOBILE COMMUNICATION ,BIG BULLISH WEEKLY TARGET 22 NOW 16.12
Analysis by Abdul Karim
Mobily | 7030 | Bullish MomentumA bullish hammer was formed on candlesticks and a higher high is formed. If the trend continues it will make a higher low and continue the trend upwards.
Mobile Telecommunication Company Mobile Telecommunication Company Saudi Arabia, I don't recommend keeping this stock in your portfolio
ZAIN it still on downtrend sellhello
As it shown on chart the critical price is 12.34
so if you want buy wait until reversing up and breaking this price, otherwise you can, if it continues to fall, buy around 10.70
i think it is going to fall again
good luck and follow me for more analysis
MOBILE TELECOMMUNICATION COMPANY SAUDI ARABIAMOBILE TELECOMMUNICATION COMPANY SAUDI ARABIA
In this market, we are dying of a very strong signal of buying, which is when A green candle will be the best chance to buy and we have a rise in Trading volume
Zein Analysis For The Next WeekI think that we are in a good place to buy but all we need is that the price must be up to 13,31 and then we can enter and put at least the level 14,07 as a target and it may vary regarding the behavior of the market in the next week
WAIT FOR A CORRECT PULLBACK PROTOCOL, We can create this bullish channel to have a better view for the market and also to spot the perfect entry point respecting the pitchfork sides,
Recently we saw a good VWAP breakout but the market just go test the validity of the red trend line, so we need to see a clear pullback to buy shares.
Where to look for Mobile KSA in the coming weeks?If the prices break the 11.76 resistance, we look at TP at 12.3
7030an impulsive Move Up made the possibility of a good buy possible specially with the volume and VWAP confirmation
Mobile Telecom Strog BuyAfter first false retest of resistence in the red arrow, you can see two strong bullish candle broke the resitence to go up and find the 13.2 level
7030 Short it seems that it coudnt go above the showing resistance specially with the huge red volume it's a must for the market to go down
7030 - ZainFundamental Analysis:
Quarterly Operating Margin = 18.8%
Quarterly Free Cash Flow = 43.5%
P/E = 8.7
P/B = 1.7
RoE = 20.5%
RoA = 4.1%
Div Yield = 0%
EV/BITDA = 4.8%
Competitive Advantage = 4/10
Technical Analysis is shown in the graph.
Summary:
As for the fundamental analysis, I think it is a great company except for the div yield which is = 0%.
As for the technical analysis, I think you should wait till the price reaches around 8.5 SAR which leaves a good margin of safety just in case.
Have a good day.
