Key point: 37.00
Our preferred direction: short positions below the level of 37.00 riyals, targeting levels of 35.00, followed by 32.00 riyals.
Alternative scenario: stop loss and change direction by breaching the level of 39.00 riyals, targeting 42.00 riyals.
Comment
The stock broke the main support level 37.00, so we recommend opening short deals to target the next support level 35.00 riyals, followed by 32.00 riyals. In the event of a rise above 39.00, the previous vision will be canceled and the stock's first target in this case will be 42.00.
