Current price: 64.4
Key point: 58
Our preferred direction: Buy positions at the highest levels of 58, targeting 68.6 as the first target, then 72.5 as the second target.
Alternative scenario: stop loss and change the trend by breaking level 58 while targeting levels 57
Technical commentary
Theeb stock is moving in a sideways direction on the four-hour frame of last October, rising from the support levels of 57.4-58.3 until it reaches the resistance levels of 65-66.4, so that in the event of a breach of the sub-downward trend line, it will head directly to the levels of 68.6 and then the levels of 72.5.
