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Saudi Fisheries Company engages in fishing, fish-farming, and other activities in the Kingdom of Saudi Arabia. The company engages in processing and preservation of shrimps and aquatic organisms; and in online sale of sea food and related products. It also operates shrimps and seafood grilling shops; and operates seafood restaurants. The company was founded in 1980 and is based in Riyadh, the Kingdom of Saudi Arabia.
SFICO —  TASI —
MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.
The short length exponential moving average (10 EMA) is about to cross the long length exponential moving average (20 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.
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.
Different types of bullish candlestick pattern ( Bullish engulfing pattern, strong bullish candle) has been formed at near the support level, which shows the strength o the buyers at the level.
Based on our Saudi Tadawul Stocks Advice, Saudi Fisheries stock price target will be SAR 25.5 - SAR 26 in the next 10-12 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.
If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website
