Saudi Food Company, Herfy, has been moving with code number 6002 in a cross direction since last August, as it fluctuates between resistance levels 54.20-54.85 and support levels 48.70-49.55
And the price is now reaching the support area for this incidental trend at the mentioned levels, creating with it the Harmonic Bat model with a correction rate of 88% Fibonacci retracement of the xa side at 48.70, which provides opportunities for the stock to rise, especially with the presence of oversold on the RSI
The targets will be 54.20-54.85 resistance levels which correspond to the falling trend line
Trading range 49.55-48.70
Expected bullish trend