NCB Capital, a Saudi Arabia-based provider of wealth management services, has launched a new technical analysis service for brokerage clients.

The service is free for subscriber of its trading platform. It includes daily alerts themed ‘Supporting you for a smarter decision,’ are in conjunction with leading market technicians Recognia and are designed to aid investors by providing technical analysis reports that highlight trading opportunities, said a statement.

It identifies opportunities in the stock market and expected buying/selling prices in companies in an easy-to-read format, using simple graphics and charts to present data.

CEO Jawdat Al Halabi NCB Capital, said: “Over the last few years we have invested in building a platform that incorporates the latest trading tools and research analysis and these new alerts will play an important role in helping our clients make the right financial decisions”.

The bank also provides expert brokers who track market news, interpret research and provide insights and information to help clients make the most appropriate trading and investment decisions.
 
“Our securities services and products can play an important role in helping clients realise their financial goals,” Al Halabi added.

Khaled Taher, the head of trade, further highlighting the importance and benefits of the new service, said: “The stock market trading business carries within it high risks, thus decisions based on knowledge are way better than those based on intuition or on information from unreliable sources.

“Technical Analysis helps clients to determine the expected secure entry and exit zones in stocks, predict future stock movement, and make investment decisions accordingly, and learn how others think, and thus build an appropriate trading plan accordingly.” - TradeArabia News Service