SAUDI ARABIAN OIL CO.

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Saudi Aramco Short Term View

由swaaapnil提供

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SAUDI ARAMCO breaks out of parallel channel after completing wave 3 extension.

Now I think it's in wave 4 the ideal correction measure for wave 4 is 38.2% of wave 3. maximum is 50% of wave 3. In this case it's possible that stock will correct to near 50%.

Now why 50% I'm saying is because there is strong support created on 14 jul 2022 at near 31.20 which will act as support.

See my next analysis for LONG TERM view.

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