Current price: 178.00
Key point: 175.00
Our preferred direction: long positions at the highest level of 175.00 riyals, targeting levels of 184.00 riyals, followed by 193.00 riyals.
Alternative scenario: stop loss and change direction by breaking the level of 172.00 riyals, targeting 164.00 riyals.
comment
The stock breached the important resistance level of $175.00, therefore, we recommend opening long positions to target the important resistance level of $184.00, followed by $193.00. In the event that it falls again below the $172.00 level, the previous analysis will be cancelled, and the first support in this case will be $164.00.
