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2084 (Miahona Co.) – Technical OutlookPrice is moving sideways between two key zones:
• Resistance at 26.40–25.80
• Support at 22.20–21.60
It is currently sitting right on the horizontal support.
For any short-term buy, the first condition is a clean break of the downward trendline. Only then does the upside open back toward the 25.80–26.40 resistance zone. Until that break happens, the overall structure remains sideways.
A confirmed bullish trend requires a strong close above 26 with solid volume. Anything inside the box is just consolidation and range trading.
A bullish harmonic XABCD is also present, and price can still drift down toward the upward trendline, which may complete the D point. As long as the downward trendline holds, the bias leans bearish. Even if it breaks, the upside remains short-term capped at the top of the range.
Price has historically respected the FIB EMA 21 and EMA 20, and it is currently trading below both, adding more bearish weight. RSI is neutral — no divergence observed.
Fundamentally, the stock remains weak — negative EPS, gross profit, operating income, net profits, and cash flows in the previous quarter. 
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Tabuk Cement
🏭 Location & Strategic Position
Tabuk Cement is located in the northwestern region of Saudi Arabia, close to the borders with Jordan and Egypt (via the Red Sea).
Its strategic position allows it to efficiently export cement and clinker to Jordan, Egypt, and potentially Syria, utilizing both land and sea routes.
The company’s plant is situated near Duba Port on the Red Sea, enhancing its maritime export capabilities.
⚙️ Operations & Products
Main Products:
Ordinary Portland Cement (OPC)
Sulfate Resistant Cement (SRC)
Primary Markets:
Domestic construction projects across northwest Saudi Arabia.
Regional exports to neighboring countries.
🌍 Competitive Advantages
Proximity to export markets: Jordan, Egypt, Syria, and Sudan.
Access to key infrastructure projects within Saudi Arabia’s Vision 2030 development framework.
Reliable supply chain through road and sea connections.
💰 Financial Highlights
Dividend Policy: Regular dividend payments of around SAR 0.50 per share, reflecting stable profitability.
Financial Health: A solid balance sheet with manageable debt levels and consistent cash flow from operations.
Challenges: Rising fuel costs and strong competition in the Saudi cement sector.
✅ Summary
Tabuk Cement is a strategically located, financially stable, and regionally significant cement producer. Its export access to Jordan, Egypt, and Syria gives it a unique geographic advantage among Saudi cement firms, while its prudent financial management and steady dividends make it an attractive long-term value and income investment.
first target 10.47 second target 10.6 investor 12 
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