Dear Saudi traders, here's another stock for you to buy for tomorrow's session, buy it and set TP and SL at your own risk.
I will post time to time trades for day traders to catch, if you got any question don't hesitate to ask!
The classis answer is No!
because of limited growth and sensitive pricing.
However, utility companies like any other company can have change of strategy, management and even product.
Saudi Electric company had recently announced major changes to its governance and strategy by minister of energy himself. The chart tell the story that has been taking place since...
if price reaches 16.14, we can see great movements to the upside for the next days.
1) Strong Volume of buyers
2) Price is following an uptrend
3) a Mini Support is being created
