mbaberhanif

Saudi Arabian Oil Company (2222)

Long
TADAWUL_DLY:2222   SAUDI ARABIAN OIL CO.
Currently stock is trading downward and closed the day at 30.30. Looking ahead major demand zone resides at 30. Sustaining said area will trigger bounce. On the upside immediate resistance lies at 32 which bulls need to take out to gain control, doing so will lead it towards 34 and even 35. On the flip side close below 29 will invalidate the view.
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