Saudi Ceramics stock code number 2040 has been moving in an upward direction since the beginning of last year as it rose from 19.00-20.25 levels until it reached 42.00 level last month to achieve more than 20 riyals before It goes down due to the strong landing that happened to the markets
The price fell, with a reversal pattern, which is the head and shoulders, and reached its full targets below, until it reached the same support levels at 19.00-20.25 with a rising trend line from the bottom of November 2018
With the RSI oversold, the price is expected to rise again to 28.15-29.90 levels
Trading range 21.75-20.25
Expected bullish trend
