stalkstock

Catch it at the bottom level

Long
TADAWUL_DLY:1150   ALINMA BANK
For now we are seeing selling pressure on daily basis in the stock but the good news is its approaching a very good support level that is at 32.50 area. I think it will spend some days there and then we may see a bullish breakout this will be a good indication that it has bottomed out. A small entry can be made around 3250 with small stop loss to target next major resistance zone that is around 35 area.

Hi like & follow if you want more updates on Saudi Stocks.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.