Nama Chemicals of Saudi Arabia, with a code number 2210, has been moving in an upward direction since last September, as it moved from the support levels 18.15-17.15 to climb more than 8 riyals so far
The price breached with the resistance levels at 24.50-23.50, with a falling trend line from the top of 2019 breaking through and concentrating on these levels
The price is currently forming a proactive Harmonic pattern which is a retracement ratio of 88% Fibonacci retracement of the leg xa at 27.80 to be considered bullish target with resistance level 29.15
23.50-24.50 Trading range
Expected bullish trend
