Current price: 55.4
Key point: 54
Our preferred direction: Buy positions above 54 with 57 as the first target and then 63 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 54 level, targeting the 50 level.
Technical commentary
Etisalat stock is moving in a strong upward trend on the daily time frame above the trend line from the bottom of last December, currently targeting last month’s top at levels 57 and then levels 63.