Twitter Facebook-f Linkedin-in Instagram

Saudi Prime Trading Advice (B) | 16-Dec-2024 | Expected Gain 8%-10%

SHORT TERM TRADING ADVICE IN SAUDI ARABIA

 BUY   Saudi Cable Company (TADAWUL: 2110)

Tadawul 2110 : Saudi Cable Company - STOCK RECOMMENDATION

Idea BUY
Buy Range 88.8 – 92.5
Target 99.5 – 100
StopLoss* below 85
Duration 12-14 Trading Days
Potential Returns 8% – 10%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 88.8 – 92.5 99.5 – 100 below 85 12-14 Trading Days 8% – 10%

* 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.

 Tradingview position update

Tadawul 2110 : Saudi Cable Company - STOCK OVERVIEW

Saudi Cable Company is engaged in the production and distribution of electrical and telecommunications cables both within the Kingdom of Saudi Arabia and on an international scale. The company operates through two primary segments: the Sale of Manufactured Goods and Turnkey Power and Telecommunication Projects. Its product offerings include copper rods, PVC compounds, wooden reels, and various related items. Additionally, the company is involved in the contracting, trading, and distribution of cables, electronic products, information technology solutions, and associated accessories. Saudi Cable Company also provides electrical and telecommunication services, participates in international trade, and manufactures as well as distributes electronic equipment and goods. Established in 1975, the company is headquartered in Jeddah, Saudi Arabia.

Stock Data
TADAWUL Code 2110
Sectoral Index Capital Goods
52 Weeks High 109.4
52 Weeks Low 55.5

Tadawul 2110 : Saudi Cable Company - RELATIVE STRENGTH

TADAWUL 2110 - SAUDI CABLE - RELATIVE STRENGTH

Relative Performance - Last 1 Year

SAUDI CABLE —     TASI —

Tadawul 2110 : Saudi Cable Company - TECHNICAL ANALYSIS (DAILY)

Tadawul 2110 : Saudi Cable Company - Technical Analysis (Daily)
  • Following a short period of consolidation, the price has formed a Symmetrical Triangle pattern.
  • Upon breaking out, the stock price experienced a notable ascent before retreating to the breakout level.
  • Now, after a successful retest, the stock is once again on an upward trajectory.

Tadawul 2110 : Saudi Cable Company - RSI

Tadawul 2110 : Saudi Cable Company - RSI
  • Current RSI of this stock is 60.35, which indicates the strength of buyers.

Tadawul 2110 : Saudi Cable Company - ADX & DI

TADAWUL 2110 - SAUDI CABLE - ADX & DI
Tadawul 2110 : Saudi Cable Company - ADX & DI

  • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

CONCLUSION - Tadawul 2110 : Saudi Cable Company STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Saudi Cable Company stock price target will be SAR 99.5 – SAR 100 in the next 12-14 trading sessions.

Tadawul 2110 : Saudi Cable Company - TRADINGVIEW POSITION UPDATE

ุงุดุชุฑ ุงู„ูƒุงุจู„ุงุช ุงู„ุณุนูˆุฏูŠุฉ by NaranjCapital on TradingView.com

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

๐Ÿ‡ธ๐Ÿ‡ฆ  Prime Trading Advice

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.

  • top 9-10 trading advice / month
  • trade holding period 1-2 weeks
  • average profit 5%-10% per trade
  • short term quick gain trading
  • high accuracy, massive profit
  • saudi tadawul indices forecast

Pricing

Pricing (in SAR)

  • 15 advice         SAR 1500               --             SAR 1500
  • 45 advice         SAR 4500        20% OFF       SAR 3600
  • 90 advice         SAR 9000        33% OFF       SAR 6000
  • 180 advice     SAR 18000       50% OFF       SAR 9000
  • 15 advice                            SAR 1500
            --        
  • 45 advice      SAR 4500     SAR 3600
     20% OFF 
  • 90 advice      SAR 9000     SAR 5850
     35% OFF 
  • 180 advice   SAR 18000   SAR 9000
     50% OFF 
Subscribe NOW

Email Newsletter

Get Free Saudi Stock Trading Advice

We respect your privacy.

You cannot copy content of this page

× Chat With Us