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Arooj1843
Nov 6, 2022 12:54 PM

LONG on Allied Cooperative Insurance Long

ALLIED COOPERATIVE INSURANCE GROUPTadawul

Description

Bearish trend
best to buy and sell between support
and resistance respectively
buy : between 11.59 and 12.58
TP1: 13.44
TP2: 14.29
for trend reversal wait till 14.64 is crossed..
Comments
Hulk703
long term target ..if possible
Arooj1843
@Hulk703, long term depends on how long do you want to hold? and have you bought already? at what price? for a year or so you can aim between 19 and 22 but it has alot to recover from as it is still on 52 week lowest price
Hulk703
@Arooj1843, yes long would be like 1 year as my average price is 37
Arooj1843
@Hulk703, it has been in bearish trend for almost 2 years, and your average price is near the highest high. so my advice for you is to be patien. think of it as a piece of land you bought and forget about it. :)
Hulk703
@Arooj1843, inshallah .. i hope i can exit it without loss .. can you pls post weekly or monthly analysis for the stock if possible?
Arooj1843
@Hulk703, In shaa Allah i will try to do so.
Hulk703
@Arooj1843, shukran jazakallah
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