Hellow dear investors, I don't usually post these analysis for free but since you likes the old 2 ones I posted the other day I said why not to post another one to share with you what I see about SAUDI ARABIA stocks.
Following the chart, you can see that the price went on a downtrend then broke the support line we have at 87.25, before it does, it did a pucllback on it with a high volumed small candle, all matters is the volume which is the most interesting one in the last quarter of the last year, after that it broke the support with low volumes which means in my strategy that it won't last for long and yeah it did came back to its way to continue going up.
What are you still waiting for for not buying the stock now ?
For more information don't hesitate to ask !
Following the chart, you can see that the price went on a downtrend then broke the support line we have at 87.25, before it does, it did a pucllback on it with a high volumed small candle, all matters is the volume which is the most interesting one in the last quarter of the last year, after that it broke the support with low volumes which means in my strategy that it won't last for long and yeah it did came back to its way to continue going up.
What are you still waiting for for not buying the stock now ?
For more information don't hesitate to ask !