POTENTIAL SETUP ( TASI : 2010 )As the market currently trading in a Parallel channel. The price was reacting well the support and resistance of channel and a market currently formed a bullish morning star candle on daily TF with a mature bullish divergence. If the market successfully sustain this buying confluence the next leg up could go for new HH.
TASI
TASI: At Resistance_Sideways ExpectedTASI is receiving resistance from 12,325 level (a significant level).
Gap up opening was filled yesterday and the downtrend continues after taking correction from the specified resistance level (12,325).
Profit booking due to Week and Month closure will also drag the index down further to the levels of 12,000.00 (A significant/psychological support level).
It is expected that the price may remain sideways for a while between these two levels 12,000 to 12,325 (a good sign to build up foundation for further upside movement).
On weekly timeframe, price is moving in the same way (flipped) as in recent past.
Watchout for September events in US market.
Overall, We are Bullish on TASI.
Trade individual stocks with proper risk management.
Happy Trading!
Saudi Manpower BullishGood afternoon, investors! Today, we’re diving into the technical analysis of Saudi manpower , a stock that has shown promising signs of bullish momentum. We have identified key level on the carts with Strick stop loss. based on the key technical indicators and chart patterns that support our positive outlook.
DYOR # Do your own research
2001 reverse area to create a high trend?Hello everyone,
I would like to share my analysis of this stock, which I have been following since September 2022. The price is currently in a zone that has a high probability of initiating a countertrend and starting an upward movement. I see the downside target at 16.46.
Please note that the current time might not be the best for entry, but I decided to share this analysis for those interested in following this stock. I have included an explanation in Arabic on the chart that explains how to enter the specified area, hoping that the explanation is clear to everyone.
Please be aware that I have not read the financial statements or any news about the company at all, as I do not have the time for it. This is your responsibility.
I welcome any inquiries or discussions about this analysis.
4015_Possible Trend reversal (Bullish setup)4015
**Bullish Points:**
Price at significant support level (Volume profile) confluence with 78% fib level
Bullish divergence is observed
Small entry can be taken now (Aggressive)
Further entry can be taken after descending channel breakout, or
at next support level 118.6 (DCA strategy)
**Bearish Points:**
Price is moving in downtrend, series of LH/LL
H&S pattern breakdown and retest of neckline
Current stop loss is specified
Trail stop loss if price goes up
Place SL below 118 (DCA strategy)
TASI: Head and Shoulder Formation (Correction Phase)TASI has been in uptrend since October 2023
Regional situations also not in favor of good upside potential
Head & Shoulder formation is clear with breakdown and retest of neckline
12,000 levels are good support level (H&S Formation target)
Trade with tight stop loss based on individual stocks setup.
Monthly and Weekly still in uptrend (HH, HL formation)
Seasonal: "May" Mostly in Bearish Phase for last decade
2120 SAUDI ADVANCED INDUSTRIES CO. to 70SR Supported by financial growth, the current target is 70SR
SAUDI ADVANCED INDUSTRIES CO. (2120) is growing its business and has invested in several startup companies that yielded great profits.
in 2023, made 148MM SAR net profits
in 2022, made 100MM SAR net profits
a growth by 48% in net profits.
In 2023, highest stock price was 50.1 SR
current price is 42.2SR
I can expect the price to recover back to 50.1SR
then jump 48% (50.1 x 1.48 = 74.5 SR)
Brief Review of 4240 Stock on the Saudi Stock Exchange
Investment Details:
- Stock: 4240 (Fawaz Abdul Aziz Al Hukair)
- Quantity: 2000 shares
- Purchase Price: 12.00 SAR
Review:
I recently invested in 4240 stock on the Saudi Stock Exchange, specifically in Fawaz Abdul Aziz Al Hukair. Initially, the investment seemed promising, with the stock priced at 12.00 SAR per share when I purchased 2000 shares.
However, my experience with this investment has been disappointing. Despite the initial optimism, the stock has consistently performed poorly, reaching an all-time low in liquidity. This lack of liquidity has made it difficult to execute trades efficiently and has significantly impacted the overall performance of the investment.
Overall, my experience with 4240 stock has been unsatisfactory, with the low liquidity and poor performance overshadowing any potential gains. I would advise caution to anyone considering investing in this stock until there are signs of improvement in its performance and liquidity on the exchange.
Filing and Packing Materials Mfg Co - FIPCO (2180)Filing and Packing Materials Mfg Co, with ticker 2180, is capturing attention in the Process Industries sector, particularly in Containers/Packaging. The stock, currently priced at 57.8 SAR, is part of a vibrant industry that has seen a surge in demand due to the rise in e-commerce and sustainable packaging solutions.
Financial Snapshot:
EPS Growth QoQ: A remarkable 221% increase, signaling strong earnings momentum.
Sales Growth QoQ: A robust 33%, reflecting the company’s expanding market reach.
OPM: At 7%, the company demonstrates efficient operational management.
Technical Indicators:
RSI: At 64.32, it indicates a balanced market sentiment, neither overbought nor oversold.
MACD: A value of 0.38 suggests a bullish trend, aligning with the positive financials.
CCI: Standing at 235.74, it points to a strong uptrend, reinforcing the bullish outlook.
Market Trend Analysis: The packaging material market is embracing smart technology integration, with RFID tags, sensors, and QR codes enhancing supply chain visibility and customer engagement1. Filing and Packing Materials Mfg Co is well-positioned to capitalize on these trends, with its stock showing a steady increase of 1.28% since the beginning of the year2.
Trading Strategy:
Entry Price: 56.8 SAR
Stop Loss: 54 SAR
Rationale: The company’s impressive financial performance and positive technical indicators suggest a potential for growth. The “BO TRADE” pattern forming indicates a breakout trade opportunity, making it an opportune time for entry.
Conclusion: Filing and Packing Materials Mfg Co stands as a promising investment in the packaging sector. With its strong financials and favorable market trends, the stock offers a potential for profitable trades. Investors should, however, remain vigilant and conduct thorough research, considering the broader market trends and upcoming financial reports before making any investment decisions.






















