Jemy Finance Market Research Team at Jemy Trade
Date: September 16, 2025
In a development that proves the accuracy of our previous analyses, recent news about the Al-Futtaim Group’s acquisition of a significant stake in Fawaz Abdulaziz Alhokair Co. confirms the vision we presented in our previous reports. We have been carefully following the stock of Alhokair (4240.TADAWUL), and our technical and fundamental forecasts have now been embodied in the current events.
Technical Analysis: Elliott Waves Hit the Target
We analyzed the Alhokair stock using Elliott Wave theory, and as shown in our charts, we were able to accurately track the stock’s path. The first impulse wave (1) started from the bottom and reached a resistance level, followed by the second corrective wave (2) that ended its correction at key levels, which represents an ideal entry point for investors. We are now witnessing the beginning of the third impulse wave (3), which is the strongest and most extended. As we predicted, this wave has pushed the stock sharply, surpassing important levels, confirming the validity of our reading of the third wave, which is typically the longest and strongest.
Fundamental Analysis: Al-Futtaim Enhances Value
On the fundamental front, the company is gaining new momentum. Our firm has been closely monitoring developments related to Alhokair, and the news of Al-Futtaim Group’s acquisition of a major stake is not surprising to us. This acquisition is considered a strategic move by Al-Futtaim, as it aims to strengthen its presence in the retail sector in Saudi Arabia and leverage Alhokair’s extensive experience in the local market. This cooperation is expected to create significant synergy, enhancing Alhokair’s financial solvency and operational capability, and opening new avenues for growth, both in terms of geographical expansion and brand diversification. This event reinforces the company’s intrinsic value and justifies the increase in the stock price we have witnessed.
Conclusion: Predictions Come True
The integration of technical and fundamental analysis is the cornerstone of our methodology at Jemy Trade. The alignment between our forecast for the third Elliott impulse wave and the positive news of the strategic acquisition by Al-Futtaim Group shows how technical analysis can reflect the company’s future fundamentals. We believe that the current events are only a confirmation of the vision we presented, and that Alhokair, with the support of its new partner, is on the verge of a new and exciting phase of growth.
We will continue to monitor the performance and latest developments closely, and we invite you to stay informed with our latest analyses.
Disclaimer: We convey our own perspective and expertise only. The analyses and forecasts contained in this report are for informational and educational purposes only and should not be considered investment advice or a recommendation to invest, sell, or buy. Past performance is not an indicator of future results. Trading securities involves risks and may lead to capital loss.
