Current price: 88.70
Key point: 91
Our preferred direction: sell positions below the 91 levels, targeting 87.5 as the first target, then 85 as the second target.
Alternative scenario: stop loss and change the trend by breaking the 91 level while targeting the 93 levels
Technical commentary
SABIC stock, code number 2010, reached the resistance levels 91 riyals and the downward trend line from the top of this year’s month
With the bullish flag broken down, a completion of the decline to 87.5 levels will be expected
Therefore, it is preferable to wait and not enter into buying trades until the declines are completed
