Current price: 70.2
Key point: 70
Our preferred direction: buy positions above the 70 levels, targeting 72 as the first target, then 73.5 as the second target.
Alternative scenario: stop loss and change the trend by breaking the 70 level while targeting the 69 levels
Technical comment
Al Rajhi stock with code number 1120 is moving within the support area at levels of 70-71 riyals per share and near the rising trend line from the bottom of last February.
If the price is able to rise and form price behavior above the area, aligned with the 71 levels, it will be expected for some upward bounce of the stock to the 73.5 levels.
