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Development Works Food Company engages in the food and beverages industries. This company also is engaged establishment and operation of the cold storages, the chain of restaurants and cafes. They export and import of services, the cooked and uncooked foods, materials, equipment needed in the field. this company is headquartered in Riyadh, Saudi Arabia.
DWF —  TASI —
Current RSI of this stock is 66.19, which indicates the strength of buyers.
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.
The short length moving average (10 SMA) is about to cross the long length moving average (20 SMA) 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.
Based on our trading tips for Saudi Tadawul, Development Works Food stock price target will be SAR 167 - SAR 170 in the next 14-15 trading sessions.
Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.
Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.
Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.
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