AbNamjoshi

Saudi Automotive Services. Tadawul Index.

Long
TADAWUL:4050   SAUDI AUTOMOTIVE SERVICES CO.
This chart is showing extreme strength and finally it has given an up flag breakout after couple of weeks consolidation. Auto industry world wide has showing a great buying and this stock is non different. Immediate resistance is around 73. However, after seeing the chart structure, it will be taken out soon . The Risk Reward ratio (RR) is extremally favorable and hence one can take this positional trade.

CMP - 67 (1/9/23)
T - 88 W
SL - 57 W
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