by Ramki | Jul 18, 2011 | Saudi Stocks Outlook
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 on April 11. So let us see how it turned out...
by Ramki | Apr 11, 2011 | Saudi Stocks Outlook
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 to under 19 Riyals by Q4. The recovery...
by Ramki | May 30, 2010 | Saudi Stocks Outlook
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 May I had warned of a sell off to 75. At that time...
by Ramki | May 12, 2010 | Saudi Stocks Outlook
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 that will take us to the previous fourth wave...
by Ramki | May 12, 2010 | Saudi Stocks Outlook
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 been corrected by a 3-wave decline. Wave B...
