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Saudia

We cover the Saudi Market periodically. Our focus is on the most actively traded stocks. If you need any specific stock(s)  or if you have any questions please contact us at : This email address is being protected from spambots. You need JavaScript enabled to view it.

SAUDIA - 12 May 2012

tasi_2012_5_12

TASI [7,221.50 points] is testing the support at 7,209 points. The minor trend is down. Sell the rallies. A close below 7,209 points means a new round of selling taking the price to 6,788 points. Investors: Reduce/Hold.


4210_2012_5_12

SRMG [SAR26.00] is approaching the resistance at SAR28.50. Traders can buy the dips. Stop loss at SAR24.00. Take some profits close to the resistance at SAR28.50. Investors: Add/Hold.


7030_2012_5_12

ZAIN KSA [SAR9.15] is testing slight support at SAR9.15. The trend is loosing strenth. We detect bearish powers taking control of the stock. A close below the support of SAR9.15 means a new round of selling taking the price to SAR8.10. Take some profits at current levels and wait for a breakout. Investors: Hold.


7040_2012_5_12

Atheeb Telecom [SAR18.00] is moving in a sideway range with support at SAR15.40 and with resistance at SAR21.10. Wait for a breakout or trade this range. Amplitude of this range is SAR5.70 (close to 33%). Use a stop loss at SAR14.90. Investors: Hold.


For more stocks (ALINMA BANK+SABIC+DAR ELARKAN+EMAAR ) Download the full report here.


 
 
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