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Current price: 78
Key point: 67
Our preferred direction: Buy positions above 67 levels with 97 as the first target and then 120 as the second target.
Alternative scenario: Stop loss and change the trend by breaking level 67 while targeting level 52.
Technical commentary
The Naseej stock on the weekly frame broke a downtrend line from the 2015 peak with a breakout of the resistance levels 64-67, so the stock is expected to rise to levels 97.
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