Current price: 30.60
Key point: 30.60
Our preferred direction: buy positions at the highest levels of 30.60, targeting 31.70 as the first target, then 32.70 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 10540 level, targeting 29.50 levels
Technical commentary
Alinma Bank's stock, code number 1150, which is moving in a downward direction from last July's peak, has reached the pivotal support levels 30.30-30.60.
These levels correspond to the harmonic alt bat pattern with a 113% Fibonacci retracement of the xa leg.
If the price is able to form appropriate price behavior, the price will head to the 32.70 levels, then the 34.15 levels.
