Current price: 33.60
Key point: 33.15
Our preferred direction: buy positions at the highest levels of 33.15, targeting 33.95 as the first target, then 34.90 as the second target.
Alternative scenario: stop loss and change the trend by breaking the 33.15 level, targeting 32.50 levels
Technical commentary
Aramco stock moves from support levels 32.80-33.15 after fluctuating in a horizontal range for about a month after breaching a recent bearish trend line
It is expected that it will rise to levels of 33.95, and then if it is able to break above it, it will head to the harmonic pattern expected at levels of 34.90-35.15.
