Steps away from confirmation It is on a bullish move but needs to be confirmed first. IT is only few points behind, and once hit, it will breakout! Targets as seen in the chart.
10.79SAR
8.995MSAR
531.638MSAR
9.99M
About ARABIAN PIPES CO.
Sector
Industry
CEO
Ahmed bin Ali Abdul Karim Al-Luhaidan
Website
Headquarters
Riyadh
Founded
1991
ISIN
SA0007879378
Arabian Pipes Co. engages in the manufacture and marketing of welded steel pipes for oil, gas, petrochemical, agricultural, and construction industries. It produces electric resistance welded pipes, high frequency welded pipes, longitudinal submerged arc welded pipes, external coating, threading and coupling line, and coil slitting facility. The company was founded on August 24, 1991 and is headquartered in Riyadh, Saudi Arabia.
Watch out closely in the next week We are near a strong resistance level at the price 17, be aware of it because this level is much respected from the last year, but if we saw again a gap in the price with a break of the price 17, then the market will repeat the previous bullish channel ,with a high probability
Prediction for the arabian PIPIESthe price will go up till hit the resistance line wait if there a pull back or breakout if it PB then go SHORT but if not then go LONG
LT Reasons for purchase:
1- 50 EMA GROSS UP 200 EMA
2- RSI made Top shape
3-Doji candle
4-The increase in volume
___ _____ _______
Take profit in the blue area.
___ _____ _______
See all ideas
Trade directly on the supercharts through our supported, fully-verified and user-reviewed brokers.
