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Current price: 87.7
Key point: 83.4
Our preferred direction: buy positions at the highest levels of 83.4, targeting 90.0 as the first target, then 92.4 as the second target.
Alternative scenario: stop loss and change the trend by breaking 83.4, targeting 82.00
Technical commentary
Al Rajhi Bank shares rose from the support levels 82.2-83.4 after the corrective movement that took place late last month, so it is expected to rise again to the levels of 90.0 and then the levels of 92.6.
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