With trades today, Monday, April 29, the general index of the Saudi market closed at the level of 9276 points, with a slight increase, among cautious trades, as in our previous reports, we believe that the market is going up steam and cautiously (Bukhari means an increase without real momentum) It is a common term in western analyzes to describe the movement of the market’s rise in the form of steam), with negative breakthroughs supporting the approaching profit taking date, technically we target a resistance level of 9409 points as long as the market remains above the level of 9130 points, which we consider to be the first to indicate a trend reversal and began a price correction journey, our advice For current is to stay alert
A technical look and recommendations for some Saudi stocks, based on dozens of technical reports issued by the programmed platform of Namazun, before this morning's session and technical expectations for the coming days
The picture is more informative and the platform speaks for itself , Let's continue together
7030 mobile communications, call for caution with an uptrend above 10.43 targeting 11.30 riyals
fish 6050, downtrend targeting 56.21
Dar Al-Arkan 4300, we prefer caution, bullish expectations towards a target of 11.18 riyals
Aldrees 4200, an uptrend, and a direct hit of the morning recommendation to buy from 32.40, achieved a goal of 34 riyals
Exeter 4003 stock, call for caution with an upward trend towards a target of SAR 74.08
Petro Rabigh 2380, downtrend towards a target of 19.22 riyals
2350 Cayan share, under pressure and a bearish trend towards 13.00 and 12.65 riyals target
Savola Group 2050, uptrend towards 34.05 target
Al-Rajhi Bank 1120, an invitation to beware a bullish trend targeting 76 riyals
More analyzes can be found on the programmed technical analysis platform, where today 25 recommendations were issued, we chose only some of them.
Designed and programmed ...
