Key point: 49.66
Our preferred direction: long positions at the highest level of 49.66 riyals, targeting the levels of 59.00, followed by 72.00 riyals.
Comment
The National Education stock, with code number 4291, is moving in an upward direction on the weekly frame, from the bottom of May 2019, and rebounding from the important support level of 49.66 riyals. Therefore, we recommend opening long positions above the level of 49.66 riyals to target the next resistance level of 59.00 riyals, followed by 72.00 riyals. In the event of a decrease below the level of SAR 46.50, a stop loss is required, and the first target for the stock becomes the level of SAR 40.50.
