Prime Trading Advice (C) | Expected Gain 5-6% | Naranj Capital

 BUY   Taiba Investments (TADAWUL: 4090)

Tadawul 4090 : Taiba Investments - STOCK RECOMMENDATION

Idea BUY
Buy Range 40.5 – 41
Target 43 – 43.5
StopLoss* below 38.6
Duration 12-14 Trading Days
Potential Returns 5 – 6%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 40.5 – 41 43 – 43.5 below 38.6 12-14 Trading Days 5 – 6%

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

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Tadawul 4090 : Taiba Investments - STOCK OVERVIEW

TAIBA operates within the Real Estate sector focusing on Diversified Real Estate Activities. It is involved in owning, investing, buying, selling, leasing, managing, operating, and maintaining properties, real estate, hotels, hospitals and entertainment, and tourist centers. It also engages in agricultural, industrial, and mining activities, as well as in wholesale trading and retail in consumer goods and agricultural, mechanical, and electronic equipment, machinery, and devices. TAIBA is based in Medina, Saudi Arabia and was established in September 1988.

Stock Data
TADAWUL Code 4090
Sectoral Index Real Estate Management & Development
52 Weeks High 41.75
52 Weeks Low 39.4

Tadawul 4090 : Taiba Investments - RELATIVE STRENGTH

Tadawul 4090-Taiba Investments-Relative Strength

Relative Performance - Last 1 Year

Taiba Investments —     TASI —

Tadawul 4090 : Taiba Investments - TECHNICAL ANALYSIS (DAILY)

Tadawul 4090 : Taiba Investments - Technical Analysis (Daily)
  • In a deep consolidation phase, price has formed a Double Bottom pattern.
  • After the breakout, price has given a sharp upside rally.
  • There is a bullish Pennant pattern has been formed at the chart, which is a very positive indication.
  • With a strong breakout, price is moving upside further and it is expected that this trend will continue.

Tadawul 4090 : Taiba Investments - RSI

Tadawul 4090-Taiba Investments-RSI
Tadawul 4090 : Taiba Investments - RSI
  • Current RSI of this stock is 78.76, which indicates the strength of buyers.

Tadawul 4090 : Taiba Investments - MACD

Tadawul 4090 : Taiba Investments - 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 4090 : Taiba Investments - ADX & DI

Tadawul 4090 : Taiba Investments - 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 4090 : Taiba Investments STOCK PRICE FORECAST

Based on our stock trading advice in Saudi Arabia, Taiba Investments stock price target will be SAR 43 – SAR 43.5 in the next 12-14 trading sessions.

Tadawul 4090 : Taiba Investments - TRADINGVIEW POSITION UPDATE

Follow Tadawul 4090 : Taiba Investments 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.

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