Still Hopes Are HighStill positive about this stock, since its just at the support level. I think buyers are just waiting for catalyst and unfortunately last week was all negative.
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6.0AED
12.653BAED
50.169BAED
738.556M
About International Holding Company PJSC
Sector
Industry
CEO
Syed Basar Shueb
Website
Headquarters
Abu Dhabi
Founded
1998
ISIN
AEI000201014
International Holding Co. PJSC engages in the investment and acquisition of diversified businesses. It operates through the following segments: Utilities, Real Estate, Digital, Industrial, Food, Capital, and Others. The Utilities segment deals with the installation of district cooling and air conditioning, repair district cooling and investment in infrastructure projects. The Real Estate segment consists of technical, commercial and contracting services specifically marine work contract, landscaping design and execution, labour camp management and sale of properties. The Digital segment provides services with respect to sport enterprises investment, institution, management services, sale of food and cafeteria items and cinema shows. The Industrial segment markets spare parts and repairs for military equipment as well as sale of medical equipment and supplies. The Food segment belongs to IHC food vertical includes freezing fish and seafood, preparing and packing food products, trading in general trading of foodstuff. The Capital segment consists of brokerage services provided with respect to securities. The Others segment relates to the head office expenses and income not allocated to any segment. The company was founded on November 23, 1998 and is headquartered in Abu Dhabi, United Arab Emirates.
Momentum StartedLooks like buyers are activated at current levels and if it opens positive in Mohdays session it can go higher and also take the market index along with it.
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Retest 348?There are good chances if it survives at current level. Buyers will accumulate here and then push the price higher. Over all this stock is in a strong uptrend.
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Time for correctionExtremely bullish stock and very heavy weighted stock on the market index. It had a very good run from support level and now its time for a correction. Yes it means buying opportunity its not a change of trend yet!! so lets wait and where till where it retraces or corrects .
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More Upside Is ComingVery good setup for entry right after the breakout. This stock is very heavy weighted on Abu Dhabi Stock Market it moves the sentiments of the market too. Overall very bullish and more upside momentum is expected.
Hit like & follow guys;)
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