Tadawul All Share Index Trend Score

The Tadawul All Share Index is facing some headwinds around 7000 level. The trending profile of the Index is highly positive and we believe the Index has enough potential to test 7150 before we see some pullback.

From today onwards, the Trend Score table will incorporate the “Swing Trading” recommendations along with the “Long Term Trending Profile” of the stocks.

The reason for including the “Swing Trading” is to make the stock table more action oriented. Historically, the average swing lasts for at least 3 to 5 days and generates 5% to 10% returns. The “Swing Trading” recommendations will be useful to both active traders and passive long term traders to ascertain the short term moves of the stock. The detailed explanation can be accessed by clicking this link.