Make it or Break it Situation.
Currently at Rectangular Channel Bottom.
Few Green Candles at Current level may bounce
the price but 254 - 257 is a Resistance area that
needs to be Crossed & Sustain.
Next Important Resistance level is around 288 - 290.
However, if the Current Level is broken, we may
see further selling pressure & it may touch 240 & then
may be the range of 210 - 222 in worst case.
4263 trade ideas
4263| SAL Saudi Logistics Services ComAll target from previous analysis achieved at 224, 236, 243, 246, 252 and 260!
SAL now forming symmetrical triangle!
265-268 level has to hold to keep the rally!
Once breakout the symmetrical triangle, it will form ascending parallels channels.
Targets in chart. Mid of the channel at 300 and roof the channel at 330 SR
Imports support in red
To keep going please cheer, support, like, comment and boost!
Good luck!
Thanks!