Current price: 70.00
Key point: 68.00
Our preferred direction: buying positions at the highest level of 68.00 riyals, targeting levels of 74.00 riyals, followed by 76.00 riyals.
Alternative scenario: stop loss and change direction by breaking the level of 67.00 riyals, targeting levels of 61.88 riyals.
comment
The stock breached the main resistance level of SAR 68.00, therefore we recommend opening long positions to target the next resistance level of SAR 74.00, followed by SAR 76.00. In the event of a decline below the important support level of 67.00 riyals, the previous analysis is canceled and the first support in this case becomes 61.88 riyals.
