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Category Archives: Saudi Stocks Outlook
Elliott Wave analysis of Saudi Stocks
Now that I have looked at Kuwait stocks, I remembered someone requesting for analysis on Saudi index. The first thing I checked was what was my last comment on any Saudi Stock. The update on Saudi Steel Pipes was posted … Continue reading
Elliott Wave Analysis of Saudi Steel Pipes Comapny
A colleague asked for Elliott Wave Analysis of Saudi Steel Pipes Company. This is a Saudi Arabia-based manufacturer of welded steel pipes. The chart shows a dramatic fall from around 36.50 Riyals in Q1 of 2010 all the way down … Continue reading
Elliott Wave Analysis of SABIC (Saudi Arabia)
There are few other approaches to the financial markets that serve us better than Elliott Wave Analysis. As I have said so often, an extended 5th wave can make us rich. Take SABIC for example. Just as recently as 12th … Continue reading
Elliott Wave Analysis of Al Rajhi Bank Saudi Arabia
Here I present you with elliott wave analysis of Al Rajhi Bank, Saudi Arabia. As you can see, this stock too has behaved quite technically in the past, and elliott wave analysis suggests that we will eventually get a move … Continue reading
Elliott Wave Analysis of Sabic (Saudi Arabia)
Here is the Elliott Wave Analysis of Saudi Basic Industries Corporation, or SABIC. Actually there are two charts that I would like you to see. The first is a monthly chart that shows the huge 5-wave rally to 252.61 has … Continue reading
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