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Current price: 78.8
Key point: 76.6
Our preferred direction: Buy positions at the highest levels of 76.6, targeting 82.0 as the first target, then 83.6 as the second target.
Alternative scenario: stop loss and change the trend by breaking 76.6, targeting 75.0
Technical commentary
SABIC stock rose on the four-hour frame from the support levels 75.4-76.6 and from the harmonic BAT pattern with an 88% Fibonacci retracement rate, so that the stock is expected to rise to the levels of 82.0.
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