Al Hammadi_4007_Tadawul: Bullish Momentum
Al Hammadi_4007_Tadawul: Price has rebounded near the 200 SMA <~43 SAR> and is hovering around the 100 SMA, sustained closes above these long-term averages typically indicate bullish strength.
Support & Resistance: Primary Support ~37–38 SAR, which held during the recent pullback.
Momentum: Signaling a potential shift in bullish momentum, safest entry can be taken later at a breakout of B-Point to have 25~26% potential profits
Fundamental Highlights
Earnings Growth: Net income has shown consistent year-over-year increases, indicating improving profitability.
Cash Flow Trend: Positive and rising cash flow strengthens the company’s financial position, providing flexibility for future investments or debt reduction.
TTM Growth: Trailing twelve-month figures reflect ongoing momentum, suggesting recent quarters have trended positively.
Forward Outlook: With Q4 earnings expected soon and an overall 2024 forecast above 2023 levels, fundamentals appear aligned for continued growth.
