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Pivot point: 45.65
Favorite scenario: long positions above 45.65 with targeting 52.90
Alternative scenario: stop loss and change direction by breaking 45.65, targeting 43.40
Comment
The Saudi Petrochem stock is moving with code number 2002 in an upward direction on the daily frame from the bottom of last November until it reached the lower boundary of the trend line with the support levels 45.65-43.40 to be expected to rise to the levels of 52.90
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