Will the Saudi Automotive (4050) stock target 95.5 ?
Daily chart, the stock may form a flag chart pattern, then the target will be 95.5, passing through the resistance level of 86.4 (historical highest high)
Technical indicators RSI and MACD show that it is time for some correction. Then, the stock continues the uptrend.
Support line (dashed red) should be considered as stop loss level.
Technical indicators RSI and MACD show that it is time for some correction. Then, the stock continues the uptrend.
Support line (dashed red) should be considered as stop loss level.
Transaction en cours
Trade fermée: cible de profit atteinte
The outcome was in line with the technical analysis and chart :)
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.