Elliott Wave outlook on Zain Kuwait

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 of the recent sideways movement. While it is certainly possible for a brief set back, I expect fresh buying to emerge on any decent correction. When the broad market starts moving up, Zain should be among the leaders.

1 Comment

  • Name withheld

    dear ramki

    I hope you dont ignore this i have invested significant amount of my networth in Global Investment Co. in kuwait. I beg you to give me your analysis on it thank you very much

Leave a Reply