THE SAUDI NATIONAL BANK

Saudi N. Bank 1180: To target 41.4 after crossing Resist. line R

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Daily chart, the stock 1180 is trading in a descending triangle, with upper line R and lower S
It is seen as a short term trading opportunity between S and R.

However, the price should close 2 days above line R to activate the target 41.4 then 43.3
A stop loss should be considered below line R (32.9).

Be careful: Below support line S, the price can fall to next support line S1 at around 31.4




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