Will Saudi Cement (3030) cross the resistance and target 61?
Weekly chart, Saudi Cement (3030) is trying to complete a chart pattern triangle. After crossing the resistance, the target will be 61.
After crossing the longer-term resistance line (dashed GREY), then the target will be 75, passing through resistance levels 67 and 72
RSI is positive
After crossing the longer-term resistance line (dashed GREY), then the target will be 75, passing through resistance levels 67 and 72
RSI is positive
Trade active:
The stock is trading at a critical price level!
However, I think there will be a false break down to 49.6 - 49.5, then a rebound..
However, I think there will be a false break down to 49.6 - 49.5, then a rebound..