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snour

Saudi Kayan, to target 14 and 16

Long
SAUDI KAYAN PETROCHEMICAL CO. (TADAWUL_DLY:2350)  
snour  
TADAWUL_DLY:2350   SAUDI KAYAN PETROCHEMICAL CO.
Chart Patterns Technical Indicators saudi kayan uptrend
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chartpattern indicator saudi kayan uptrend
Saudi Kayan (2350), on the daily chart, I see a forming pattern, going up on a zigzag until 14, then some correction and next target is 16

Quick tradings can be done buy at support / sell at resistance, and so on until reaching the target.
The technical indicators RSI and MACD are supporting this view.
Stop loss at 10.7 should be considered.
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