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snour
Jan 4, 2024 12:51 AM

South Province Cement (3050) 

SOUTHERN PROVINCE CEMENT CO.Tadawul

Description

Monthly chart, the stock is trading in a critical zone, either rebound or fall down.
Probable rebound from support A, then next probability at support B level.
After rebounding the target will be to test the resistance A at around 64.4
Note: rebounding from support C is possible as well. Be careful!

After crossing up 68.5, the next target will be resistance line B at around 81

This is a long term view.
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