Saudi Cement 3030 : Enough falling!Weekly chart, the stock TADAWUL:3030 has been falling for long time, and is near the long-term support line S (around 39.9).
On the intra-day time-frame, the indicators MACD and RSI are showing the rebound has started.
The price should target the Resistance line R - at around 54 passing through resistance levels at 45 and 49
A safer new buy entry can be above 42 - with the Stop Loss below 40
Closing below the Support line S, the stop loss should be considered.
