Tadawul 1830 : Leejam Sports vs TASI - Relative Strength Comparison

Tadawul 1830 : Leejam Sports - Technical Analysis (Daily)

• Price is in a strong uptrend, forming Higher Highs and Lows.
• Every time after breakout, price consolidates for a period.
• After making a high at near 247 level, price has made a correction and currently standing at its previous breakout zone which will act as a support zone.
• A bullish marubozu candle has been formed at the breakout level, indicates that the price may go upside further.

Tadawul 1830 : Leejam Sports - EMA Crossover

• The short length exponential moving average (5 EMA) is about to cross the long length exponential moving average (10 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.

Tadawul 1830 : Leejam Sports - OBV Indicator

• The OBV line is moving in the same upward direction which means there is a positive sentiment in the market. Also the significant price up move accompanying with increasing OBV volume suggests strong buying pressure.

Conclusion - Tadawul 1830 : Leejam Sports Stock Price Forcast

Based on our saudi stocks trading signals, Leejam Sports stock price target will be SAR 230 - SAR 235 in the next 12-14 trading sessions.