snour

SABIC (2010) will target 102 after crossing resistance

Long
snour Updated   
TADAWUL_DLY:2010   SAUDI BASIC INDUSTRIES CORP.
Daily chart, SABIC (2010) stock is trading in an ascending channel for a year.

Now, it is showing positive signals for upwards movement to test the resistance line (BLUE). After crossing (around 86.3), the target will be 96, then 102

Positively, the technical indicator MACD crossed the zero line up.

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