Prime Trading Advice (B) | Expected Gain 6-7% | Naranj Capital

 BUY   United Electronics (TADAWUL: 4003)

Tadawul 4003 : United Electronics - STOCK RECOMMENDATION

Idea BUY
Buy Range 95.5 – 96.5
Target 102.5 – 103
StopLoss* below 89
Duration 10-12 Trading Days
Potential Returns 6 – 7%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 95.5 – 96.5 102.5 – 103 below 89 10-12 Trading Days 6 – 7%

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

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

Tadawul 4003 : United Electronics - STOCK OVERVIEW

United Electronics Company is a company that specializes in the wholesale and retail trading of electric appliances, electronic gadgets, computers, spare parts, accessories, furniture, office equipment, tools, maintenance and repair services, third-party marketing, and consumer financing services. It operates in three main segments: Sales and Services, Consumer Finance, and Others. The Sales and Services segment encompasses various activities such as retail and wholesale trading, E-commerce, installation and repair services for electronic products, computers, smartphones, and accessories. Additionally, it offers extended warranties, gift cards, and installment sales. The Consumer Finance segment engages in consumer financing activities through different arrangements, including Murabaha, Tawarruq, and Islamic credit card financing. United Electronics Company is headquartered in Khobar, Saudi Arabia.

Stock Data
TADAWUL Code 4003
Sectoral Index Consumer Discretionary Distribution & Retail
52 Weeks High 98
52 Weeks Low 70.9

Tadawul 4003 : United Electronics - RELATIVE STRENGTH

Tadawul 4003-United Electronics Co.-Relative Strength

Relative Performance - Last 1 Year

United Electronics —     TASI —

Tadawul 4003 : United Electronics - TECHNICAL ANALYSIS (DAILY)

Tadawul 4003-United Electronics Co.-Daily Technical Analysis
Tadawul 4003 : United Electronics - Technical Analysis (Daily)
  • Price was going through a deep consolidation phase.
  • Price took multiple rejection at around 83 level and couldn’t go beyond the level.
  • During this phase, an Ascending Triangle pattern has been formed.
  • Finally the price managed to breakout the resistance zone and with a short pull back price moved upside and reached at 95 level.
  • A Double Bottom pattern can also be seen at the chart, which indicated the price might go upside.
  • ย With three consecutive rejection, finally the price managed to breakout.
  • if the price manages to sustain this level then more upside move possible in future.

Tadawul 4003 : United Electronics - MA Cross

Tadawul 4003-United Electronics Co.-MA Cross
Tadawul 4003 : United Electronics - MA Cross
  • The short length moving average (10 SMA) has crossed the long length moving average (20 SMA) from the below, generates bullish signal.

Tadawul 4003 : United Electronics - MACD

Tadawul 4003-United Electronics Co.-MACD
Tadawul 4003 : United Electronics - MACD
  • MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.

Tadawul 4003 : United Electronics - RSI

Tadawul 4003 : United Electronics - RSI
  • Current RSI of this stock is 61.37, which indicates the strength of buyers.

CONCLUSION - Tadawul 4003 : United Electronics STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, United Electronics stock price target will be SAR 102.5 – SAR 103 in the next 12-14 trading sessions.

Tadawul 4003 : United Electronics - TRADINGVIEW POSITION UPDATE

Follow Tadawul 4003 : United Electronics TRADING ADVICE On Social Media

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  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 ofย 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 aย Certified Financial Technician (CFTe)ย 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.

Enjoy this recommendation?
Share with your friends

Your return could be more

PROFITABLE!

access our premium recommendations

for Saudi Arabia Stock Market Tadawul

Leverage our knowledge to trade with confidence. Expert Advice for short to medium term trading with specific target and strict stoploss.

Pricing

Pricing (in SAR)

Email Newsletter

Get Free Saudi Stock Trading Advice

We respect your privacy.

You cannot copy content of this page

× Chat With Us