7030 Technical Analysis: Bullish Setup in Play7030 (Mobile Telecommunications Company Saudi Arabia) — Technical Take
Price is currently trading at the rising trendline and holding firmly above the horizontal weekly support. This structure keeps the bullish bias intact. The stop loss is set below this support as well as the last higher low, ensuring that the trade remains valid only if the trend structure holds.
Recommended Levels:
Entry Point: 10.35 (CMP)
Stop Loss: Closing below 10.10
Take Profit 1: 10.64
Take Profit 2: 10.90
Take Profit 3: 11.35 (if strong closing above 10.90)
Potential upside remains if support continues to hold. Happy trading!
7030 trade ideas
Currently in a Consolidation Box &..7030 - Closed at 10.49 (03-08-2025)
Currently in a Consolidation Box &
at a Channel Support.
Bullish Divergence has also appeared, which
may push the price upside resistance towards
12 & then 14 - 15.
However, if the current Support is broken,
Next Important Support seems to be around 8.
WAIT FOR A CORRECT PULLBACK PROTOCOL, We can create this bullish channel to have a better view for the market and also to spot the perfect entry point respecting the pitchfork sides,
Recently we saw a good VWAP breakout but the market just go test the validity of the red trend line, so we need to see a clear pullback to buy shares.
7030 - ZainFundamental Analysis:
Quarterly Operating Margin = 18.8%
Quarterly Free Cash Flow = 43.5%
P/E = 8.7
P/B = 1.7
RoE = 20.5%
RoA = 4.1%
Div Yield = 0%
EV/BITDA = 4.8%
Competitive Advantage = 4/10
Technical Analysis is shown in the graph.
Summary:
As for the fundamental analysis, I think it is a great company except for the div yield which is = 0%.
As for the technical analysis, I think you should wait till the price reaches around 8.5 SAR which leaves a good margin of safety just in case.
Have a good day.