Current price: 34.75
Key point: 35.60
Our preferred direction: sell positions below 35.60 levels, targeting 33.50 as the first target, then 32.50 as the second target.
Alternative scenario: stop loss and change the trend by breaking the 35.60 level, targeting 36.50 levels
Technical commentary
Thimaar stock with code number 4160 is in a downward trend on the weekly time frame from the peak of last March, until it reached the pivotal support levels of 12.70-13.75, which are considered the lows of 2016 and 2019.
With the presence of price behavior and a false break and then a resumption of the rise above these levels, a rebound and rise is expected for Thimaar stock, and it is considered a very good investment opportunity by targeting levels of 17.35 and then levels of 23.00.
