National Industries, Kuwait
- December 1, 2008
- Posted by: Ramki Ramakrishnan
- Category: Kuwait stocks
On 14th October, I had warned that National Industries (a leading Kuwaiti stock) would come off by more than 30% from its current level. It was trading at 0.850. The reason for that call was the stock had finished an extended fifth wave, (an Elliott wave setup that has been extensively discussed in this blog recently).