SAUDI BASIC INDUSTRIES CO likely to go up .

20 May 2020

2010 gave a buy signal , I think price is likely to continue up to around the first blue rectangle (88.3-91.5 Area) which would be the first target with a powerful level around the 88.3 (first blue line) .
It would be interesting then to watch If the price breaks and closes in an upcoming day considerably above the first blue rectangle (Above the 91.5) because if it does , it would likely continue up to around the second blue rectangle which would serve as a potential Second Target .
(Second Blue Rectangle :101.5-105.5 area with a powerful level around the second blue line at 101.5)