The Saudi role, with a code number 4010, has been moving in an upward direction since the beginning of last June, as it rose from 16.00 levels until it reached the level of 35.50 last February to climb more than 19 riyals before It drops strongly as the markets drop.
The price reached the support area at 20.80-21.95 levels, with a rising trend line from last June's low, with oversold on the RSI,
Therefore, the stock is expected to rise to the resistance levels 28.70-29.90, and if the hardness falls below the trend line and the support area, the analysis will be canceled.
Trading range 23.00-20.70
Expected bullish trend
