Tadawul trade advice (B): Saudi telecom service stock | 10-13% gain | KSA stock trading picks on 22 Jul 2024

Stock Market

Tadawul, Saudi Arabia

Stoploss reached. Trade closed.

GO TELECOM 7040

3 days
4 Aug 2024
22 Jul 2024
Loss per
100,000 SAR
3 days
-5,376
Stop-loss
4 Aug 2024
88
Buy Advice
22 Jul 2024
93 – 96
Target 1
106
Target 2
108
Profit per
100,000 SAR
-5,376
88
93 – 96
106
108
3 days
4 Aug 2024
22 Jul 2024
Loss per
100,000 SAR
3 days
-5,376
Stop-loss
4 Aug 2024
88
Buy Advice
22 Jul 2024
93 – 96
Target 1
106
Target 2
108
Profit per
100,000 SAR
-5,376
88
93 – 96
106
108
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Etihad Atheeb Telecommunication
  • 93 – 96
  • 106 – 108
  • Below 88
  • 10% – 13%
  • 14 - 15 Days
  • Buy Etihad Atheeb Telecommunication
  • Buy
    Range
    93 – 96
  • Target 106 – 108
  • Stoploss Below 88
  • Upside
    Potential
    10% – 13%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Tadawul 7040 : Etihad Atheeb Telecommunication - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 7040
  • GO TELECOM
  • Telecom Service
  • 127
  • 22.02
  • Tadawul code 7040
  • Stock Name GO TELECOM
  • Sector Telecom Service
  • 52 Weeks High 127
  • 52 Weeks Low 22.02
  • Company profile

    Etihad Atheeb Telecommunication Co. is a telecommunications company based in Riyadh, Saudi Arabia. It offers a range of services including fixed line and wireless communication, such as voice, data services, broadband internet, internet telephony, international gateway, and fixed telephone lines. The company operates through two segments: Voice and Data. The Voice segment focuses on both local and international calls, including interconnection. The Data segment provides internet broadband services to both businesses and consumers. Etihad Atheeb Telecommunication Co. was established on February 25, 2009.

  • Tadawul 7040 : Etihad Atheeb Telecommunication vs TASI - Relative Strength Comparison

    The image compares Etihad Atheeb Telecommunication's 1-year performance to TASI.
    Relative Performance - Last 1 Year
    GO TELECOM —   TASI —

  • Tadawul 7040 : Etihad Atheeb Telecommunication - Technical Analysis (Daily)

    Etihad Atheeb Telecommunication - Technical Analysis chart on Daily Price and Volume
    Etihad Atheeb Telecommunication - Technical Analysis chart on Daily Price and Volume

    • The stock price was previously in a consolidation phase, forming an ascending triangle pattern.
    • Following the breakout, the stock underwent another consolidation phase before experiencing a significant upward movement due to strong buying pressure.
    • For four consecutive days, the stock hit its upper circuit, indicating the dominance of buyers during that period.
    • After a retracement, the price surged upwards and then underwent a correction.
    • Returning to its trendline support level, the stock began consolidating once again.
    • During this period, an ascending triangle pattern appeared on the chart, and now, after the breakout, the stock is attempting to move higher.
  • Tadawul 7040 : Etihad Atheeb Telecommunication - EMA Crossover

    Etihad Atheeb Telecommunication stock analysis based on EMA Crossover
    Etihad Atheeb Telecommunication - EMA Crossover

    • 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.

  • Tadawul 7040 : Etihad Atheeb Telecommunication - MACD Indicator

    Etihad Atheeb Telecommunication stock analysis based on MACD indicator
    Etihad Atheeb Telecommunication - MACD indicator

    • MACD line has crossed the signal line from the below, generates bullish signal.

  • Tadawul 7040 : Etihad Atheeb Telecommunication - OBV Indicator

    Etihad Atheeb Telecommunication stock analysis based on OBV indicator
    Etihad Atheeb Telecommunication - 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 7040 : Etihad Atheeb Telecommunication Stock Price Forcast

    Based on our Saudi Tadawul Stocks Advice, Etihad Atheeb Telecommunication stock price target will be SAR 106 - SAR 108 in the next 14-15 trading sessions.

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    Details of Arijit Banerjee

    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.

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