binhajifahd

1211: Geometric Chart Analysis for MAADEN (with targets)

Long
TADAWUL:1211   SAUDI ARABIAN MINING CO
TADAWUL:1211

The Saudi mining company, MAADEN price-action level chart has been performing greatly for us since we first entered after the test of L3 and sold 50% at H2. We resized after successful testing to H3 and our current average is 39.50.
Looking for our interim target to be met at 45 and projecting 48 with possible outperformance to 50. Keep watching!
Trade closed: target reached: The stock is traded above 47 SAR.

It was a tough ride but this speaks of the strength of the stock and future value of the company for investors.