East Pipes & Bawan: Technical Analysis Suggests Upward Momentum

East Pipes (Tadawul 1321)

• The stock price reached an all-time high near the 178 level, encountered significant resistance there.
• Afterward, it dropped to the 135 level, where it found support.
• At present, the stock price is steadily rising, suggesting strong growth potential.

Bawan (Tadawul 1302)

• The stock has developed a bullish Pole & Flag pattern.
• Currently, it is poised to break out of this pattern.
• If the breakout occurs, we can expect a significant upward movement in the days ahead.