📊 Savola
📈 The stock is trading at the bottom of bullish flag after broke out ascending channel
🔖 The stock is promised 35% 🚀 to achieve the percentage of the penetrated channel to the level of 70 riyals
💰5% profits from the start of follow-up (53 riyals)
🏷️The stock closed at 53.40 riyals
🏹Goals: from 55 to 70 riyals
🎯Next goal: Retesting the resistance at the...
Broke through parallel uprising channels!
Needs to breakthrough 55 SR level before we see the next targets which is a very hard resistance
Next targets green in chart and support in red.
MACD indicator with bullish signal
Good luck!
We have a buy idea on 2050 as you see on the chart because we have the breakout with force the vwap and the resistance line by a big green candle with a large green volume.Thanks.!
SAVOLA Group is a major F&B producer and distributer in Saudi Arabia and Middle East. The stock has been trading in down trend over the last year while most other companies were making new all-time high. Why?
The reason being there is a major macro trend taking place since 2006. Lower lows and Higher highs forming a triangle that is generally a sign of major...
Breaking the descending channel with the breach of the last peak allows the price to rise to higher levels, provided that it breaks 42.46 to reach 45.24 and 47.94. This is otherwise expected, a return to 39.84 and from it to 38.20 and a return to the drop.
SAVOLA GROUP : will continue to rise after crossing the Green Line. I advise you to double your investment .
In the case exceeded the red line, I advise you to sell
