- Naranj Research Desk
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Middle East Specialized Cables is a leading company in the cable manufacturing industry. Headquartered in Riyadh, they specialize in production and sale of high-quality cables for various applications. With an impressive range of products from flexible electric, coaxial, rubber and nylon coated wires and cables, telephone cables for internal extensions, computer cables, safety to, anti-fire wires and cables and control and transmission of information cables, they have established a strong presence in the market. Their commitment to quality and innovation has positioned them as a trusted provider of reliable and efficient cable solutions. Middle East Specialized Cables has managed to maintain a solid reputation in Saudi Arabia and UAE.
MESC — TASI —
Current RSI of this stock is 67.58, which indicates the strength of buyers.
MACD line has crossed the signal line from the below, generates bullish signal.
The short length exponential moving average (10 EMA) has just crossed the long length exponential moving average (20 EMA) 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.
Based on our short term trading advice for Saudi Tadawul, Middle East Specialized Cables stock price target will be SAR 40.5 - SAR 41.5 in the next 12-14 trading sessions.
