Key point: 10.98
Our preferred direction: long positions at the highest level of 10.98 riyals, targeting levels of 11.50, followed by 12.00 riyals.
Alternative scenario: stop loss and change direction by breaking the level of 10.84 riyals, targeting the levels of 10.50 riyals.
Comment
The National Education stock, with code number 4300, is moving in an upward direction on the daily chart from the bottom of November 2021, and rebounding from the important support level of 10.98 riyals. Therefore, we recommend opening long positions above the level of 10.98 riyals to target the next resistance level of 11.50 riyals, followed by 12.00 riyals. In the event of a decline below the level of 10.84 riyals, a stop loss is required, and the first target for the stock becomes 10.50 riyals.
