🚀 Stock Alert: SAUDI RESEARCH & MEDIA GROUP (4210)
📈 Investment View: Technically Bullish 📈
🔍 Quick Info 🔍
📈 Entry Range: 220
🎯 Targets : 270
⚠ Stop Loss: 200
⏳ Nature of Trade: Long Term (Swing)
📉 Risk & Reward Ratio: 1 : 2.50
📰 Technical View: In the preceding trading week, the price movement successfully breached the significant resistance level of 220 SAR,...
Saudi Research and Media group show breakout of trend line in daily time frame. Long position can be consider on the retest of the trend line at 175. First and second targets are 192.4 and 201 respectively. Stop loss below 162.
Price reaching top of Triangle (Falling Resistance) after taking support from confluence zone:
Horizontal Support
Trendline Support (Bottom of Triangle)
Formation of HH, HL
Wait for breakout (Aggressive Entry)
Wait for retest/formatin of HL (Conservative Entry)
Trade with stop loss
TP levels are specified
Ride the trend with trailing stop loss
Do Proper Risk...
Alhamdulillah , The deal was closed on Saudi Research and Media ( 4210 ) in TADAWUL KSA with a profit of 8.28% in a 1 week . I wish good luck to everybody.
We have a strong indications that the market will go down :
1.The 3 recent candles are all in gravestone profile, the market can't break the VWAP indicator, the VWAP act as a strong resistance,
2.The Fibonacci give us the level of 75% as a strong resistance too,
3.The respect of the red trend line and the market need to go back to the channel,
Summary:
The...
TADAWUL:4210
A promising rally driven by the growth plan SRMG announced. It is planning to launch the Bloomberg Arabic TV broadcasting, bought shares in the UK leading newspaper The Independent, and is leading the media sector in its origin base Saudi Arabia. All supported by the history high up penetration after a huge deal on its stocks led to a 70% owned by...
