1304 – Al Yamama Steel IndustryAL YAMAMAH STEEL INDUSTRIES CO.TADAWUL_DLY:1304ama-BeepsAn investment opportunity is unfolding on Al Yamama Steel (Tadawul: 1304). We are anticipating a potential 31% price appreciation within 4–5 months, targeting the 45.50 SAR zone. 🔑 Key Highlights: Weekly & Monthly Bias → Bullish: Both higher timeframes are already aligned to the upside. Daily CHoCH Confirmations: Multiple Change of Character signals show strength building after the recent correction. Trendline Breakout: The downward trendline has been breached, suggesting momentum is shifting towards buyers. Risk-to-Reward Ratio (RRR) → 3.45: Favorable setup with defined risk around 31.18 SAR and upside potential toward 45.50 SAR. Projected Growth: ~31% in 4–5 months if the trade plays out as anticipated. 📊 Trade Setup: Entry Zone: 34.40 – 38.20 SAR Stop Loss: 31.18 SAR (-9.36%) Target: 45.50 SAR (+31.6%) RRR: 3.45 This trade is supported by a clear structure shift (BOS & CHoCH) on the daily chart, aligning with higher timeframe bullishness. =============================== Our primary objective in the stock market is to grow our capital by 35–40% annually. To achieve this, we diversify our portfolio into 5–10 different securities. Profit targets are set on a monthly, quarterly, or half-yearly basis: •Monthly: Close the position if it gains 10-15%. •Within 2–3 months: Close if it gains 15-20%. •Within 6 months: Close if it gains 20–30%. This structured approach ensures consistent profit-taking while managing risk. The real purpose of closing a position is to book profits and free up capital so it can be invested in better opportunities. "For regular trading insights on Tadawul, make sure to follow us and stay ahead in the market."