Skip to content
About
About Us
Reviews
Contact Us
US Stocks
Trading Advice
Trade Performance
Market Insights
Saudi Stocks
Trading Advice
Trade Performance
Market Insights
Pricing
US Stocks Advice
Saudi Stocks Advice
Blogs
Join telegram
t.me/Naranj_USA
t.me/Naranj_KSA
AR
Login
About
About Us
Reviews
Contact Us
US Stocks
Trading Advice
Trade Performance
Market Insights
Saudi Stocks
Trading Advice
Trade Performance
Market Insights
Pricing
US Stocks Advice
Saudi Stocks Advice
Blogs
Join telegram
t.me/Naranj_USA
t.me/Naranj_KSA
AR
Login
Join telegram
🇸🇦 Saudi Stock Market
t.me/Naranj_KSA
🇺🇸 USA Stock Market
t.me/Naranj_USA
العربية
العربية
العربية
العربية
العربية
العربية
العربية
العربية
العربية
العربية
العربية
Log in
About
About Us
Reviews
Contact Us
US Stocks
Trading Advice
Trade Performance
Market Insights
Saudi Stocks
Trading Advice
Trade Performance
Market Insights
Pricing
US Stocks Advice
Saudi Stocks Advice
Blogs
Join telegram
t.me/Naranj_USA
t.me/Naranj_KSA
AR
Login
About
About Us
Reviews
Contact Us
US Stocks
Trading Advice
Trade Performance
Market Insights
Saudi Stocks
Trading Advice
Trade Performance
Market Insights
Pricing
US Stocks Advice
Saudi Stocks Advice
Blogs
Join telegram
t.me/Naranj_USA
t.me/Naranj_KSA
AR
Login
SRMG: The Next Target is 320 Riyal
Naranj Capital Research Desk
July 18, 2024
Upon analysing the weekly chart, it is evident that the stock had previously developed a bullish Pennant pattern.
Following the breakout, the stock price surged and reached a peak around the 270 level.
However, it then experienced a notable decline and started moving downwards.
After a period of consolidation, the stock managed to break through its trendline resistance and hit an all-time high.
A shooting star candle formed at this point, signalling negative market sentiment.
Consequently, the price faced a significant drop.
Lately, there has been a noticeable momentum in the stock price, indicating a substantial upside potential.
Share with
0
0
votes
Article Rating
Subscribe
Notify of
new follow-up comments
new replies to my comments
Label
Name (required)*
Email (will not be published) (required)*
Label
Name (required)*
Email (will not be published) (required)*
0
Comments
Join Our Telegram Channel for Saudi Stock Market Update
t.me/Naranj_KSA
Recent Articles
TASI Extends Winning Streak — But This Week Could Change Everything
Naranj Research Desk
Apr 5, 2026
TASI Reclaims 11K, Resistance in Sight
Naranj Research Desk
Mar 29, 2026
TASI Rebounds, Yet Uncertainty Continues to Loom Over the Market
Naranj Research Desk
Mar 8, 2026
Saudi Aramco: Breakout Brewing as Geopolitics Fuel Momentum
Naranj Research Desk
Mar 4, 2026
Saudi Market Under Stress: TASI Faces Tough Week Ahead
Naranj Research Desk
Mar 1, 2026
TASI Falls Below 11,000 as Selling Pressure Builds
Naranj Research Desk
Feb 22, 2026
Page
1
Page
2
Page
3
Page
4
Page
5
Join Our Telegram Channel for USA Stock Analysis Update
t.me/Naranj_USA
Saudi Stock Analysis
Tadawul trade advice (C): Saudi Consumer Discretionary Distribution & Retail stock | 4-5% target | KSA stock trading picks on 7 Sep 2026
Naranj Research Desk
Sep 7, 2026
Tadawul trade advice (B): Saudi materials stock | 4-5% target | KSA stock trading idea on 7 Sep 2026
Naranj Research Desk
Sep 7, 2026
Tadawul trade advice (A): Saudi energy stock | 5-7% target | KSA stock trading signal on 7 Sep 2026
Naranj Research Desk
Sep 7, 2026
TASI Slips Back to 11,000. What Comes Next?
Naranj Research Desk
Sep 6, 2026
TASI Breaks Above 11,000. But Should You Chase the Rally?
Naranj Research Desk
Aug 30, 2026
Tadawul investment advice (A): Saudi capital goods stock | 65% – 70% gain | KSA stock investment signal on 24 Aug 2026
Naranj Research Desk
Aug 24, 2026
Page
1
Page
2
Page
3
Page
4
Page
5
Join Our Telegram Channel
saudi stock market
t.me/Naranj_KSA
usa stock market
t.me/Naranj_USA
Insert
