Current price: 14.10
Key point: 13.00
Our preferred direction: Buy positions above 13.00 levels with 15.50 as a first target and then 16.00 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 12.50 level, targeting the 12.00 levels.
Technical commentary
After bouncing off the support levels of 12.50-13.00 and the uptrend line from the bottom of February 2022, Dar Al Arkan stock broke the falling wedge upwards to confirm its rise and target the levels of 15.50-16.00
