Saudi Prime Trading Advice (A) | 12-Aug-2024 | Expected Gain 8%-9%

 BUY   Fitaihi Holding Group (TADAWUL: 4180)

Tadawul 4180 : Fitaihi Holding Group - STOCK RECOMMENDATION

Idea BUY
Buy Range 3.75 – 3.85
Target 4.15 – 4.2
StopLoss* below 3.6
Duration 12-14 Trading Days
Potential Returns 8% – 9%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 3.75 – 3.85 4.15 – 4.2 below 3.6 12-14 Trading Days 8% – 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.

Tadawul 4180 : Fitaihi Holding Group - STOCK OVERVIEW

Fitaihi Holding Group, specializes in gold, jewelry, and luxury products, primarily in the country. The company offers gifts, crystal and silverware, antiques, household utensils, textiles, leather goods, watches, chocolates, bed-linen, toilet sets, accessories, men’s, women’s, and children’s wear, handicrafts, bags, blankets, sheets, bedspreads, sweets, carpets, rugs, handicrafts cutting tools, and ceramics. The company also engages in cleaning and maintenance of swimming pools, parks, gardens, welding workshops, and trades in electronic goods. Fitaihi Holding Group also invests in medical, agriculture, and other sectors. The company retails its products and acts as an agent/distributor of various brand names. Fitaihi Holding Group was founded in 1907 and is based in Jeddah, Saudi Arabia.

Stock Data
TADAWUL Code 4180
Sectoral Index Consumer Durables & Apparel
52 Weeks High 4.53
52 Weeks Low 2.61

Tadawul 4180 : Fitaihi Holding Group - RELATIVE STRENGTH

Tadawul 4030-National Shipping Company-Relative Strength

Relative Performance - Last 1 Year

Fitaihi Holding Group —     TASI —

Tadawul 4180 : Fitaihi Holding Group - TECHNICAL ANALYSIS (DAILY)

Tadawul 4030-National Shipping Company-Daily Technical Analysis
Tadawul 4180 : Fitaihi Holding Group - Technical Analysis (Daily)
  • The stock was previously experiencing a downward trend in its price.
  • After breaking out, it transitioned into a consolidation phase, ultimately created a Symmetrical Triangle pattern.
  • Post-breakout, the price surged sharply, reaching its former resistance area around the 4.5 level.
  • At that point, the stock encountered a robust rejection, subsequently entered a downward phase.
  • However, with recent increases in trading volume, there are expectations that the price could surpass the trendline resistance and continue to rise further.

Tadawul 4180 : Fitaihi Holding Group - RSI

Tadawul 4180 : Fitaihi Holding Group - RSI
  • Current RSI of this stock is 54.14, and just about to cross the 60 level from below which indicates the strength of buyers.

Tadawul 4180 : Fitaihi Holding Group - MACD

Tadawul 4180 : Fitaihi Holding Group - MACD
  • MACD line has just about to cross the signal line from the below, generates bullish signal.

Tadawul 4180 : Fitaihi Holding Group - EMA Cross

Tadawul 4180 : Fitaihi Holding Group - EMA Cross
  • The short length exponential moving average (10 EMA) just about to cross 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.

CONCLUSION - Tadawul 4180 : Fitaihi Holding Group STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Fitaihi Holding Group stock price target will be SAR 4.15 – SAR 4.2 in the next 12-14 trading sessions.

Tadawul 4180 : Fitaihi Holding Group - TRADINGVIEW POSITION UPDATE

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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