Current price: 127.80
Key point: 124.00
Our preferred direction: buying positions at the highest level of 124.00 riyals, targeting levels of 135.00 riyals, followed by 140.00 riyals.
Alternative scenario: stop loss and change direction by breaking 120.00 riyals, targeting 110.00 riyals.
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The stock breached the important resistance level at 124.00 riyals, so we recommend opening buy deals to target the next resistance level at 135.00 riyals, followed by 140.00 riyals. In the event of a decline below the level of 120.00 riyals, the previous analysis is canceled and the first support in this case becomes 110.00 riyals.
