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🚀 Weekly Reversal at 2.50: Is This the Start of a Multi-Bagger Move? 🇸🇦

The stock is approaching a major weekly reversal zone around 2.50, a level that could determine the beginning of its next long-term trend.

After spending a prolonged period in accumulation, price is now testing a critical resistance where confirmation—not anticipation—should guide trading decisions.

🔍 Technical Outlook

The 2.50 level is the first major hurdle for the bulls.

A decisive breakout, followed by sustained trading above this zone, would confirm improving market structure and significantly increase the probability of a medium-to-long-term rally.

This is the level where market sentiment could shift from accumulation to expansion.

📈 AB=CD Harmonic Pattern in Progress

Adding further conviction to the bullish outlook, the weekly chart is developing a potential AB=CD harmonic pattern.

If the current structure continues to unfold as expected, the pattern projects completion around:

🎯 8.00–10.00, aligning with the 1.618 Fibonacci Extension.

This confluence of harmonic analysis and Fibonacci projections strengthens the long-term upside potential.

🎯 Profit-Taking Zones

Following a confirmed breakout above 2.50, the next technical objectives are:

📍 Target 1: 3.00
📍 Target 2: 4.83
📍 Target 3: 6.64

Each of these levels represents a potential profit-taking and resistance zone, where traders should monitor momentum and price action before expecting further continuation.

📊 My View

The stock is approaching a make-or-break technical level.

✅ Weekly resistance at 2.50 is the trigger that deserves close attention.
✅ A successful breakout could confirm the next bullish phase.
✅ The AB=CD harmonic pattern projects a medium-to-long-term target in the 8.00–10.00 region.
✅ 3.00 → 4.83 → 6.64 are key milestones where traders may consider partial profit-taking or reassessing momentum.

This is not a stock to chase before confirmation. The higher-probability strategy is to wait for a clean breakout above 2.50 with strong weekly closes and increasing volume.

Will the 2.50 resistance finally give way and ignite a new long-term rally, or will buyers need more time before the next breakout? Share your technical outlook below! 👇


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