Current price: 33.15
Key point: 33.15
Our preferred direction: buy positions at the highest levels of 33.15, targeting 33.95 as the first target, then 34.90 as the second target.
Alternative scenario: Stop loss and change the trend by breaking level 33.15, targeting levels 32
Technical commentary
Aramco stock on the daily time frame is positioned at support levels 32.75-33.15 near the 200-day moving average, and with a breakout of the sub-downtrend line from last month’s peak. The stock is expected to rise to levels of 33.95, then levels of 34.90
