Current price: 15.06
Key point: 14.50
Our preferred direction: buy positions at the highest levels of 14.50, targeting 15.70 as the first target, then 16.00 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 14.50 level, targeting 14.00 levels
Technical commentary
Jarir stock, with code number 4190, rose from the support levels on the daily time frame of 14.15 and from the Harmonic Bat pattern with an 88% Fibonacci correction rate of the xa leg and also forming an upward trend from last month’s bottom.
If the price can break the 15.15 resistance, it will head directly to the 15.70 levels, then the 16.00 levels.
