Current price: 14.76
Key point: 14.40
Our preferred direction: buy positions at the highest levels of 14.40, targeting 16.35 as the first target, then 17.20 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 14.40 level, targeting 14.00 levels
Technical commentary
Dar Al Arkan stock with code number 4300 has been moving upward on the daily time frame since mid-October, after rebounding from the support levels 14.00-14.40 and forming a harmonic ALT BAT pattern with a 113% Fibonacci retracement of the XA leg.
The price is currently facing a symmetrical triangle pattern, which if it can withstand it and break above it, it will be a good opportunity for the stock to reach levels of 16.35 and then levels of 17.20.
