snour

ARAMCO 2222 is preparing to cross 33.7, then 35, 36.7

Long
TADAWUL_DLY:2222   SAUDI ARABIAN OIL CO.
On the daily chart, ARAMCO 2222
is preparing to cross 33.7, then 35, 36.7
The stock may test support 33 - 32.5 then rebound.
Technical indicators RSI and MACD are supporting this view.

Above 37, the next target will be 43.5 (weekly range)

Stop loss at 32.5 - 32 should be considered.

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.