We had previously indicated in an analysis of the Saudi Cisco share that it is moving in an upward direction and it is expected that it will correct then go up, and this is analysis
As it was moving in an upward trend since the beginning of this year, as it moved strongly from the support levels 10.65-11.00 until it reached 16.70-16.55 levels, to rise nearly 60% this year
We have indicated that the price is located at resistance levels, it is necessary to have a downward correction to reach 15.15-15.50 levels, which is what actually happened and then rose from them as expected and the rise was very strong as it reached 24.50 levels where it rose more than 9 riyals
