Tadawul 1213 : Naseej International Trading - STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 63 – 65 |
| Target | 70 – 71 |
| StopLoss* | below 61 |
| Duration | 15-16 Trading Days |
| Potential Returns | 11 – 13% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 63 – 65 | 70 – 71 | below 61 | 15-16 Trading Days | 11 – 13% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 1213 : Naseej International Trading - STOCK OVERVIEW
Naseej International Trading company’s primary focus lies in the manufacturing, wholesale, and retail of various goods including carpets, rugs, floors, furniture, antiques, wooden and metal blinds, office furniture, kitchens, blankets, bedspreads, curtain fabrics, accessories, and artificial turf. To streamline its operations, the company is divided into three main activities: Industrial activity, Commercial activity, and Investment activity. The Industrial activity involves the production of various products, while the Commercial activity encompasses the wholesale and retail aspects of the company’s product offerings. Lastly, the Investment activity is responsible for engaging in investment activities. The company effectively distributes and sells its wide range of products both within the local market and beyond.
| Stock Data | |
| TADAWUL Code | 1213 |
| Sectoral Index | Consumer Durables & Apparel |
| 52 Weeks High | 66.4 |
| 52 Weeks Low | 37.55 |
Tadawul 1213 : Naseej International Trading - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Naseej International Trading — TASI —
Tadawul 1213 : Naseej International Trading - TECHNICAL ANALYSIS (DAILY)
After a deep consolidation period, price started making Higher Highs and Lows in order to hold the uptrend.
An amazing price action pattern can be observed at the chart. Price came back to take retracement every time after breakout. This is a nature of a good stock.
Recently with a breakout of the Ascending Triangle pattern, price confirmed that upside move will be continued.
Volume has also became very high these days.
Tadawul 1213 : Naseej International Trading - MA Cross
- The short length moving average (10 SMA) has crossed the long length moving average (20 SMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
Tadawul 1213 : Naseej International Trading - RSI
- Current RSI of this stock is 61.37, which indicates the strength of the buyers.
CONCLUSION - Tadawul 1213 : Naseej International Trading STOCK PRICE FORECAST
Based on our saudi stocks trading advice, Naseej International Trading stock price target will be SAR 70 – SAR 71 in the next 15-16 trading sessions.
Tadawul 1213 : Naseej International Trading - TRADINGVIEW POSITION UPDATE
اشتر نسيج by NaranjCapital on TradingView
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📈 نصيحة الأسهم المميزة
— Naranj Capital نارانج كابيتال (@NaranjCapital) February 19, 2024
📊 التحليل الفني:
بالنظر إلى الرسم البياني للسعر، يمكننا أن نرى أن السعر تلقى رفضًا من مستوى 19.5 تقريبًا ومن هناك يمكن رؤية التصحيح، مما أدى إلى انخفاض السعر إلى مستوى 14.5.
بعد ذلك، حقق السعر ارتفاعًا حادًا، وكسر مستوى المقاومة السابق، وتحرك أكثر ليصل… pic.twitter.com/1dLmoXjks3
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