Al Moammar Information Systems (7200.SR) is showing a potential bullish reversal after forming a clear higher low structure on the daily timeframe.
The price has recently broken above the resistance zone near 145 SAR, which previously acted as a strong supply area.
If the breakout sustains, we could see continuation toward the next resistance at 161 SAR, aligned with previous structure and volume profile.
Plan:
Entry: 145.9 SAR
Target (TP): 161 SAR
Stop Loss (SL): 136 SAR
The price has recently broken above the resistance zone near 145 SAR, which previously acted as a strong supply area.
If the breakout sustains, we could see continuation toward the next resistance at 161 SAR, aligned with previous structure and volume profile.
Plan:
Entry: 145.9 SAR
Target (TP): 161 SAR
Stop Loss (SL): 136 SAR
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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.