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Buy Al-Jouf Agricultural Development | Tadawul 6070 | Naranj Capital

SHORT TERM TRADING ADVICE IN SAUDI ARABIA

 BUY   Al-Jouf Agricultural Development (TADAWUL: 6070)

Tadawul 6070 : Al-Jouf Agricultural Development - STOCK RECOMMENDATION

Idea BUY
Buy Range 67 – 69
Target 74 – 75
StopLoss* below 64
Duration 12-14 Trading Days
Potential Returns 7% – 9%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 67 – 69 74 – 75 below 64 12-14 Trading Days 7% – 9%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

 Tradingview position update

Tadawul 6070 : Al-Jouf Agricultural Development - STOCK OVERVIEW

Al-Jouf Agricultural Development Co. is involved in the cultivation, distribution, and promotion of various types of animal and agricultural products within the Kingdom of Saudi Arabia. The product portfolio includes sweet potatoes, dates, olive oil, and honey. Furthermore, the company actively partakes in both palm and olive farming, alongside dedicated beekeeping endeavors. The headquarters of Al-Jouf Agricultural Development Co. are situated in Sakakah, Kingdom of Saudi Arabia.

Stock Data
TADAWUL Code 6070
Sectoral Index Food & Beverages
52 Weeks High 70.2
52 Weeks Low 42.45

Tadawul 6070 : Al-Jouf Agricultural Development - RELATIVE STRENGTH

Tadawul 6070-Al Jouf Agricultural Development-Relative Strength

Relative Performance - Last 1 Year

Al-Jouf Agricultural Development —     TASI —

Tadawul 6070 : Al-Jouf Agricultural Development - TECHNICAL ANALYSIS (DAILY)

TADAWUL 6070 - Al-Jouf Agricultural Development - Technical Analysis (Daily)
  • After a period of decline, the price began to create higher highs and lows.
  • The price rose to its highest point in 52 weeks, reaching close to the 70 level.
  • Following a brief retreat, the price is attempting to continue moving upwards.
  • There has also been a rise in volume, which could be seen as a bullish sign.

Tadawul 6070 : Al-Jouf Agricultural Development - MACD Indicator

Tadawul 6070-Al Jouf Agricultural Development-MACD
TADAWUL 6070 - Al-Jouf Agricultural Development - MACD
  • MACD line has just crossed the signal line from the below, generates bullish signal.

Tadawul 6070 : Al-Jouf Agricultural Development - ADX&DI Indicator

Tadawul 6070-Al Jouf Agricultural Development-ADX & DI
TADAWUL 6070 - Al-Jouf Agricultural Development - ADX & DI
  • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

Tadawul 6070 : Al-Jouf Agricultural Development - RSI Indicator

TADAWUL 6070 - Al-Jouf Agricultural Development - RSI
  • Current RSI of this stock is 65.98, which indicates the strength of buyers.

CONCLUSION - TADAWUL 6070 - Al-Jouf Agricultural Development STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Al-Jouf Agricultural Development stock price target will be SAR 74 – SAR 75 in the next 12-14 trading sessions.

TADAWUL 6070 - Al-Jouf Agricultural Development - TRADINGVIEW POSITION UPDATE

اشتر الجوف by NaranjCapital on TradingView.com

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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Pricing

Pricing (in SAR)

  • 15 advice         SAR 1500               --             SAR 1500
  • 45 advice         SAR 4500        20% OFF       SAR 3600
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     50% OFF 
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