Current price: 13.22
Key point: 12.95
Our preferred direction: Buy positions at the highest levels of 12.95, targeting 15.00 as the first target, then 15.50 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 12.95 level, targeting 12.40 levels
Technical commentary
Dar Al Arkan stock is positioned at the support levels of 12.95-13.40, which are still shocking a year ago. If the stock is able to breach the downward trend line from last November’s peak, it will head directly to the levels of 15.15-15.50. The stock is considered a good investment opportunity
