Saudi Emaar, with a code No. 4220, is moving in a downtrend from last January's top from 10.45 levels until it reached 6.35 levels to drop more than 4 riyals
The price rose from the support area at 6.35-6.50 levels, moving in a symmetrical triangle between two downward and upward trend lines
Also, the price was happy with the Harmonic model, with a 161% Fibonacci retracement of the xa leg, from the same levels.
The targets would be the next area at 8.30-8.65