Mohamadyaser

Observation week

Short
TADAWUL_DLY:7010   SAUDI TELECOM CO.
The brice reached to supply zone, and its the same area of the neck line that it broke it down before, the brice at 41.30 made support area before but now its resistant one, now we just need to observe for the current weekly bar if it will maje bearish bin bar ( especially if the brice closes lesser than 41.2) adding to observe stochastic RSI if it will make negative cross especially that it is in overbought zone now.
The first goal is 38.25
The second goal is 36-37
The last goal is 34.7
To know the importance of the 41.3 area, Follow the orange horizontal line
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.