Middle East Paper Co buying area after correctionAfter advancing in an impulsive five waves up, I still see another wave down below early December low in 2022 to complete a 3 wave zigzag.
3.36%
−0.30SAR
269.699MSAR
1.187BSAR
54.202M
About MIDDLE EAST PAPER CO.
Sector
Industry
CEO
Sami Ali Al-Safran
Website
Headquarters
Jeddah
Founded
2000
ISIN
SA13Q050IP16
Middle East Paper Co. engages in the production and sale of container board and industrial paper. It operates through the Manufacturing and Trading segment. The Manufacturing segment represents the production of container board and industrial paper. The Trading segment focuses on the wholesale and retail sales of paper, carton, and plastic waste. The company was founded on August 6, 2000 and is headquartered in Jeddah, Saudi Arabia.
Anlysis: Bullish Channel situationAs you see on the chart we will have a big probability of a reversal trend (uptrend) if we have the breakout with force the vwap indicator and the resistance line by a big green candle with a large green volume so at the next green candle we can buy. But, in other hand we will have also a big probab
This is for me only, I am a beginner!P/E = 8.839
RoA = 5.059%
Div Yield = 6.41%
RSI (M) = 31
The target is at 17.29 SAR plus div collected. 1-2 years.
middle east paper company "mepco" stocksMn : up trend
Wk : up trend
D1 : up trend
long at daily demand zone
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