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+--- Thread: Al Baha stock forecast (/showthread.php?tid=10779)
Al Baha stock forecast - doaausef3li - 04-22-2024
By following the performance of Al Baha stock in the last trading sessions, we find that it recorded a slight decline with losses amounting to 0.42%. Recording a loss of 15 halalas, the stock’s short-term trading was aligned with the downward corrective slope line. This decline is based on a pivotal support level of 35.40, in light of the positive support for the stock’s trading above the simple moving average during the previous fifty days, with positive signals in the relative strength index.
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Accordingly, experts expect the stock's performance to rise during the trading sessions in the coming period. But on the condition that the stock remains at the pivotal support level in order to target the first resistance level at the 38.20 price level.
By following the stock’s performance during the last period, we find that Al Baha Company was exposed to losses, especially during the past year 2021 AD, and these losses came as a negative result of the Corona crisis, which negatively affected the economy all over the world, but at the end of last year, Al Baha Company began... In order to catch its breath in order to compensate for losses and start achieving profits, this is clearly evident in the last quarter of 2021 AD, in addition to the company offering new shares for subscription in order to increase capital and begin implementing future projects, especially after the company made an early payment for part of... Its loans. Therefore, experts’ view of the company’s performance over the next two years is positive and has expectations of achieving profits.