MA'ADEN (1211): A possible 74 in 2 monthsSaudi Arabian Mining Co.TADAWUL_DLY:1211snour🎯 The Setup Saudi Arabian Mining Co. ( 1211 ) is hovering at a critical inflection point on the daily chart. After a corrective phase from its 80.00 SAR peak, the price has compressed into a tight falling wedge/descending channel structure, testing a major historical accumulation zone. Pattern: Falling Wedge / Descending Channel Key Support Zone: 60.00 – 60.80 SAR (Major structural floor) Immediate Trigger: 63.20 SAR (Dynamic trendline resistance) 📊 Technical Indicators Context MACD (8, 17): Exhibiting a clear bullish divergence on the histogram. While price tested the lower boundaries, selling momentum faded (lighter red bars), signaling an exhaustion of the bears. Volume: A defensive surge to 16.72M shares right at the channel support line, confirming institutional presence at these levels. Algorithm Status: The custom MACD & RSI Buy Signal tool is currently on standby, awaiting the structural breakout trigger to issue the next confirmed entry. 🚀 Action Plan We wait for a decisive daily close above the dynamic trendline to confirm the structural shift. Entry Trigger: Daily close above 63.20 SAR Stop Loss (SL): Daily close below 60.00 SAR 🏁 Price Targets: 63.20 (Trigger) ➔ 67.50 ➔ 68.40 (Monitor Resistance) ➔ 74.00 (Major Supply)