2270 : SADAFCO (+50% by December 2022)
Macro analysis for Saudi Diary and Food Company,
The chart indicates a bull macro trend since 2008 from H&S bottom to the top in 2017 that sent it to the bottom of the trend channel in 2018. Since then the stock has been in a pull pattern.
Since recent weeks the chart has been in accumulation pattern around 170-177 SAR. It now broke above and is going for targets at 210 SAR (+23%) with potential even to achieve 50% at the top of trend channel by year end.
The chart indicates a bull macro trend since 2008 from H&S bottom to the top in 2017 that sent it to the bottom of the trend channel in 2018. Since then the stock has been in a pull pattern.
Since recent weeks the chart has been in accumulation pattern around 170-177 SAR. It now broke above and is going for targets at 210 SAR (+23%) with potential even to achieve 50% at the top of trend channel by year end.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.