Aljazira Takaful (8012) – Bounce from Key Support, More Upside?The stock bounced from a strong support around 14.30 after a steep decline.
Currently testing 14.90 as a key breakout level.
If it holds, targets are set at 15.60 and 16.20, with a stop loss below 14.30.
If it fails, next support lies around 13.70.
Short-term analysis on the 4H timeframe.
8012 trade ideas
8012| AljaziraTakaful📊AlJazeera Takaful
📈Cup and Handle pattern and promised breakout soon with 118% uprise 🚀
📋It will achieve its goals in two waves. An explanation of the stock’s performance is attached in the chart
📌Support and resistance levels and targets in the chart
🏷️Current price: 17.96 riyals
🎯Next goal: 20 riyals
Good luck!
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