Current price: 31.80
Key point: 31.50
Our preferred direction: buy positions at the highest levels of 31.50, targeting 32.80 as the first target, then 33.15 as the second target.
Alternative scenario: stop loss and change the trend by breaking the 31.50 level, targeting 31.20 levels
Technical commentary
Aramco stock broke through the support levels 32.80-33.15, which it remained in for a long time, to reach the next support levels at 31.50-32.00, which correspond to the Harmonic BAT pattern, so that it is expected to resume the rise and retest the levels of 32.80-33.15.
