Initially, 8010 showed a bullish trend followed by a distribution phase. Subsequently, it resumed its bullish trend and has been adhering to the trend line so far. However, recent testing of the trend line prompts the need for analysis to determine whether it will turn bearish or continue to track along the trend line.
📊 Tawuniya
📈It is trading in a bullish flag and in the ceiling of a bullish channel, about to be breaking out soon
🔖The channel ceiling is at 170 riyals
🔖 After confirming the break out, the stock is promised a 30% increase 🚀 to the level of 220-225 riyals
🏹Goals: starting from 160 to 220 riyals
🏷️ Current price is 157.60 riyals
🎯Next goal: 160 riyals
👇🏻 The rest...
The current market exhibits a consolidation phase, with support at 114 and resistance at 128. The recent close at 119 aligns with the 50-day SMA. The pattern indicates potential upward momentum if the price maintains support, with a target around 125. Monitoring the price's ability to sustain support is crucial for anticipating the projected upward movement.
hello freinds
this chart we shows that this market will know an uptrend on next days when i recommend buying with a fort probability
if you have any questions you can write it in commentaire below and i will answer them
and please don't forget to support this ideas with your like and comment thank you
cordialy
