Current price: 65.40
Key point: 66
Our preferred direction: buy positions above the 66 levels, targeting 68 as the first target, then 70.4 as the second target.
Alternative scenario: stop loss and change the trend by breaking level 66, targeting levels 62.2
Technical commentary
Rafiq stock with code number 2083 arrived in a downward trend on the daily frame until it reached the support levels 63.6-66 with the formation of the Harmonic GARTLEY pattern with a 78% Fibonacci retracement rate.
Some upward correction is expected for the stock to reach levels of 70.4, which correspond to the downward trend line from the peak of last July.
