We had previously mentioned the analysis of the Saudi Namaa Stock Company with code number 2210 and the expectation was to go up and down and this is the analysis
https: / /namaazone.com/ar/blog/%D8%B3%D9%87%D9%85-%D9%86%D9%85%D8%A7%D8%A1-%D9%84%D9%84%D9% 83% D9% 8A% D9% 85% D8% A7% D9% 88% D9% 8A% D8% A7% D8% AA-% D9% 88% D8% A7% D8% B3% D8% AA% D9% 83 % D9% 85% D8% A7% D9% 84-% D8% A7% D9% 84% D8% B5% D8% B9% D9% 88% D8% AF
Where the stock has been moving in an upward direction since last September, as it moved from the support levels 18.15-17.15 to climb more than 8 riyals
The price breached with the resistance levels at 24.50-23.50, with a falling trend line from the top of 2019 breaking through and concentrating on these levels
The price is currently forming a proactive Harmonic pattern, which is with a correction of 88% Fibonacci retracement of the xa leg at 27.80, to be considered bullish target.
Indeed, the price succeeded in reaching the bullish target, then the strong drop from the pattern
