Prime Trading Advice (B) | Expected Gain 4-5% | Naranj Capital

 BUY   Emaar The Economic City (TADAWUL: 4220)

Tadawul 4220 : Emaar The Economic City - STOCK RECOMMENDATION

Idea BUY
Buy Range 8 – 8.1
Target 8.4 – 8.5
StopLoss* below 7.85
Duration 10-12 Trading Days
Potential Returns 4 – 5%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 8 – 8.1 8.4 – 8.5 below 7.85 10-12 Trading Days 4 – 5%

* 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 4220 : Emaar The Economic City - STOCK OVERVIEW

Emaar the Economic City, is headquartered in Jeddah, Saudi Arabia. EEC is a Tadawul-listed Saudi Arabian public joint-stock company established in 2006 and is 25% owned by the Public Investment Fund (PIF). KAEC is an emerging city located on the Red Sea coast of Saudi Arabia. It is anchored by King Abdullah Port, known as the most efficient port in the world. KAEC Industrial Valley focuses on logistics and light manufacturing, with over 100 multinational and Saudi companies already established there. The city is well-connected to transportation networks, including the Haramain high-speed railway and Saudi National Highways. KAEC offers a leisure and tourism district with coastline, hotels, and a golf course. In 2021, the city welcomed over 1 million visitors and has residential communities for full-time residents and second homeowners. KAEC aligns with Saudi Arabia’s Vision 2030 initiatives, contributing to objectives such as attracting foreign investment, developing tourism, creating jobs, and promoting non-oil exports.

Stock Data
TADAWUL Code 4220
Sectoral Index Real Estate Management & Development
52 Weeks High 10.1
52 Weeks Low 6.96

Tadawul 4220 : Emaar The Economic City - RELATIVE STRENGTH

Tadawul 4220-Emaar The Economic City-Relative Strength

Relative Performance - Last 1 Year

Emaar The Economic City —     TASI —

Tadawul 4220 : Emaar The Economic City - TECHNICAL ANALYSIS (DAILY)

Tadawul 4220-Emaar The Economic City-Daily Technical Analysis
Tadawul 4220- Emaar The Economic City - Technical Analysis (Daily)
  • After the breakout of the Rounding Bottom pattern, price reached to 10 level.
  • From there the price got rejected for two times consecutively.
  • As a result, we have witnessed a sharp downfall which has got the price down straight at around 7 level.
  • From this level, price started moving upside and making Higher Highs and Lows.
  • Volume is also increasing slowly.
  • All these factors indicates that the price may go upside further in coming days.

Tadawul 4220 : Emaar The Economic City - Volume Profile

Tadawul 4220-Emaar The Economic City-Volume Profile
Tadawul 4220- Emaar The Economic City - Volume Profile

From the volume profile image, we can see that the highest volume is organizing at current level, which gives a positive indication.

Tadawul 4220 : Emaar The Economic City - MA Cross

Tadawul 4220-Emaar The Economic City-MA Cross
Tadawul 4220- Emaar The Economic City - MA Cross

The short length moving average (15 EMA) has crossed the long length moving average (30 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 4220 : Emaar The Economic City STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Emaar The Economic City stock price target will be SAR 8.4 – SAR 8.5 in the next 12-14 trading sessions.

Tadawul 4220: Emaar The Economic City - TRADINGVIEW POSITION UPDATE

Follow Tadawul 4220: Emaar The Economic City TRADING ADVICE On Social Media

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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