Technical analysis by Ali_zaza about Stock فولاد: Buy recommendation (12/11/2024)

Due to the long -term channel and placement on the channel ceiling and the historic price ceiling, there are 3 scenarios. Scenario One: Failure to the ceiling of the process and move towards the above 6000 targets that require high purchasing power. Scenario II: This is a more likely scenario to continue the price on the channel at the top of the price ceiling. Scenario Three: This scenario is less likely to fall into the middle of the channel or even the channel floor given the powerful trend in the market or even in the short term. You can also use the transaction contracts of this symbol for different strategies. (This opinion is merely a personal view and is not a bid of buying or selling at all.) (Please be careful about doing your transactions.)