Current price: 47.55
Key point: 15312
Our preferred direction: sell positions below 44.55 levels, targeting 51.5 as the first target, then 52.5 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 44.50 level, targeting 43 levels
Technical commentary
Al-Fakhariya stock, with code number 2360, rose on the daily time frame from the support levels 43.35-44.55 and from the 200-day moving average, with the penetration of a descending trend line from the peak of last July, so that it is expected to complete this rise to achieve the 88% Fibonacci BAT proactive harmonic pattern at levels 51.50-52.50
