Current price: 40
Key point: 38
Our preferred direction: buy positions at the highest levels of 38, targeting 45.10 as the first target, then 46 as the second target.
Alternative scenario: Stop loss and change the trend by breaking level 38 while targeting levels 36
Technical commentary
SACO shares will move in a strong upward direction on the daily time frame from the bottom of last October until it fell this month from the resistance levels 45.10-45.55 and reached the pivotal support levels in the area of 37.45-38.10, so it is expected to resume the rise to the levels 45.10-45.55.
