Faisal Islamic Bank is preparing to breakout !
Updated
Daily chart, the stock 
FAITA is trading in a falling channel, inside a descending triangle.
By closing above Resistance line R (around 0.992) for 2 days, the target will be 1.025
The next weekly target will be 1.06 then 1.15
The next monthly targets will be 1.22, 1.26 extended to 1.55 (long term)
Note: Consider a near stop loss and raise it as the stock price goes up.
FAITA is trading in a falling channel, inside a descending triangle.By closing above Resistance line R (around 0.992) for 2 days, the target will be 1.025
The next weekly target will be 1.06 then 1.15
The next monthly targets will be 1.22, 1.26 extended to 1.55 (long term)
Note: Consider a near stop loss and raise it as the stock price goes up.
Trade active
One more day above 0.990; to confirm the bullish breakout.
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