Key point: 76.00
Our preferred direction: short positions below the level of 76.00 riyals, targeting levels 72.00, followed by 66.00 riyals.
Alternative scenario: stop loss and change direction by breaching the level of 78.40 riyals, targeting 84.00 riyals.
Comment
The stock broke the main support level around SAR 76.00. Therefore, we recommend opening short positions to target the levels of SAR 72.00, followed by SAR 66.00. In the event that it rises above the level of 78.40 riyals, the previous scenario is canceled and the first targets of the stock become 84.00 riyals.
