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...
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 5, 2010 | Indian Stocks Trading
My last Elliott wave update on Tata Steel was back on 18th June. Since then, this stock has behaved perfectly from a technical point of view. Once the extended fifth wave was completed, there was no surprise in the move that followed (and continues to develop). As I...
by Ramki | May 4, 2010 | Kuwait stocks
From an Elliott Wave perspective, the outlook for Zain hasn’t changed much since I updated last. After correcting the prior 5-wave rally, the stock has taken off nicely like a 3rd wave should, ie on good volume and at a brisk pace. Some investors are worried because...
by Ramki | Apr 6, 2010 | Kuwait stocks
It has been quite a while since I posted technical comments on Kuwait stocks. So here are some charts that may be of interest to some of you. (Even if you don’t have any interest in Kuwait, you should look at the these charts because they give you additional practice...
by Ramki | Dec 17, 2009 | Kuwait stocks
National Industries Group stock has come down a lot in the last several months. But we can decipher a clear five wave movement having been completed at the lows. The first leg of a 3-wave correction has already been completed, and the second leg is probably already...
