Saudistocks
Nahdi Medical Co - 4164The Nahdi Medical Co seems to broke the up trend of the 1 hour date frame as well as it is about to break a daily date frame resistance at price of 172. Also, on the 1 hour date frame there is a divergence. if the stock close below 172 on the daily, the price will go to 164 without doubt. TADAWUL:4164
2050 : SAVOLA (The trade is ready)SAVOLA Group is a major F&B producer and distributer in Saudi Arabia and Middle East. The stock has been trading in down trend over the last year while most other companies were making new all-time high. Why?
The reason being there is a major macro trend taking place since 2006. Lower lows and Higher highs forming a triangle that is generally a sign of major pull after it breaks to the upside.
For the time being, the chart seems to have bottomed at around 30 SAR and now is moving on the leg up to make a new high at the upper edge of the triangle lines.
We have entered the trade at 32 SAR with our target at (+23%). Keep watching this will be the trade of 2022 and 2023.
Best,
FBH
2380 : Petro Rabigh (+50% by Dec 2022)Petro Rabigh chart had performed very well for us last year from sub 14 to 27 SAR and now is about to perform again!
The reason for this projection is the underline macro trend that is now confirmed and is about to break to the upside with potential gains of +50%.
The method we use is HVF, long tested and proved accurate with combined with volume analysis.
What we see in this chart is an imminent move in the stock to +23% from current levels by July 2022. And +50% by year end. Other targets are marked on the chart.
GOOD DAY TO BUY "SAUDI ARABIAN MINING"GOOD EVENING,
today there are very good indications that the SAUDI ARABIAN MINING's stock will go up in the next few days :
1)the SAUDI ARABIAN MINING's stock is over the VWAP so it's protected by it
2)it broke the VWAP so there is a very big strength of buyers today
3)it broke the last resistance to the up but not by strength
BUT
if it breaks down the VWAP and resistance which means if it rebounded on the resistance 80% there will be a downward trend
OPEN YOUR WALLETS IT'S A CHANCE
GOOD LUCK