Tadawul trade advice (B): Saudi Transportation stock | 10-12% gain | KSA stock trading picks on 22 Jan 2024

Date

January 22, 2024

Analysed By

Naranj Capital Research Desk

Stock Market

Tadawul, Saudi Arabia

Stoploss reached. Trade closed.

SISCO HOLDING 2190

5 days

29 Feb 2024

29 Jan 2024

Loss per
100,000 SAR

5 days

-4,688

Stop-loss

29 Feb 2024

30.5

Buy Advice

29 Jan 2024

32 – 33

Target 1

35.5

Target 2

Profit per
100,000 SAR

-4,688

30.5

32 – 33

35.5

5 days

29 Feb 2024

29 Jan 2024

Loss per
100,000 SAR

5 days

-4,688

Stop-loss

29 Feb 2024

30.5

Buy Advice

29 Jan 2024

32 – 33

Target 1

35.5

Target 2

Profit per
100,000 SAR

-4,688

30.5

32 – 33

35.5

Stock Trading Advice in Saudi Tadawul

Buy

Buy
Range

Target

Stoploss

Upside
Potential

Trade
Duration

Sustained Infrastructure Holding

32 – 33

35.5 – 36

Below 30.5

11% - 12%

14 - 15 Days

Buy Sustained Infrastructure Holding

Buy
Range 32 – 33

Target 35.5 – 36

Stoploss Below 30.5

Upside
Potential 11% - 12%

Trade
Duration 14 - 15 Days

Buy

Buy
Range

Target

Stoploss

Upside
Potential

Trade
Duration

Sustained Infrastructure Holding

32 – 33

35.5 – 36

Below 30.5

11% - 12%

14 - 15 Days

Buy

Sustained Infrastructure Holding

Buy
Range

32 – 33

Target

35.5 – 36

Stoploss

Below 30.5

Upside
Potential

11% - 12%

Trade
Duration

14 - 15 Days

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

* Trade durations are approximate; actual holding period may vary.

Tadawul 2190 : Sustained Infrastructure Holding - Stock Overview

Tadawul code

Stock Name

Sector

52 Weeks High

52 Weeks Low

2190

Sisco Holding

Transportation

33.8

21.14

Tadawul code 2190

Stock Name Sisco Holding

Sector Transportation

52 Weeks High 33.8

52 Weeks Low 21.14

Company profile

The Sustained Infrastructure Holding is a Saudi Arab’s top static investor in ports, logistics, infrastructure and water solutions. This company also attempting to take part in planning and construction of Saudi Arabian kingdom’s future economy change. This organization offers logistical services for the petrochemical industry in addition to export, re-export, packaging and packaging for all goods.

Tadawul 2190 : Sustained Infrastructure Holding - Technical Analysis (Daily)

Sustained Infrastructure Holding - Technical Analysis chart on Daily Price and Volume

In the daily chart, we can see that the stock had been consolidating inside a Rectangle/Box pattern from June’22 to March’23.
After a breakout with a significant volume, stock started moving upwards. Forming a Diamond pattern the stock continues its upmove.
We have seen a huge selling pressure at around 30-31 price level that the stock couldn’t manage to break it. With a Double top pattern the price came down at 23.
But in Nov’23 the stock has changed its trend by making ‘Higher Highs and Lows’ with a huge trading volume.
A bullish ‘Pole and Flag’ pattern has formed and with a fresh breakout at 30-31 level, the stock is sustaining over it. This shows the stock is in a mood to move upside.

Conclusion - Tadawul 2190 : Sustained Infrastructure Holding Stock Price Forecast

Based on our Saudi trading advice, Sustained Infrastructure Holding stock price target will be SAR 35.5 - SAR 36 in the next 12-14 trading sessions.

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