Saudi Arabia Refineries (2030) : Bulls Taking Control ?Saudi Arabia Refineries Co.TADAWUL_DLY:2030wish_fund2030 🚀 0.886 Fibonacci Reversal + Bullish Wedge — Is Another Major Rally Brewing? The weekly chart is presenting an interesting long-term reversal setup. Price has rebounded from the 0.886 Fibonacci retracement level of the massive 26 → 200 swing—the same broader structure that previously delivered an extraordinary 10× rally in roughly 13 months. Now, the stock is once again approaching a major decision point. 🔥 55–53 Is the Make-or-Break Zone Price is currently testing weekly trendline resistance. A weekly close and sustained move above the 55–53 zone would strengthen the bullish structure and could open the path toward: 🎯 63 — First upside objective If buyers successfully sustain momentum above this zone, the next major target comes into focus: 🚀 98 📈 Bullish Confluences Several technical signals are aligning: ✅ Reversal from 0.886 Fibonacci ✅ Weekly bullish divergence ✅ Falling wedge formation ✅ Price approaching long-term trendline breakout ✅ Previous history of explosive upside from deep Fibonacci support The combination suggests that bulls may be gradually taking control, but the weekly trendline breakout still needs confirmation. 🛡️ Support Levels If price fails to break the trendline immediately, the key downside levels to monitor are: 49 → 46 As long as these support levels hold and the weekly structure continues to improve, the broader reversal thesis remains intact. 🎯 Roadmap 46–49 Support → 53–55 Breakout Zone → 63 → 98 The extended upside may be 150-200 and even stretch to 300-350-400 price levels. The setup is compelling—but 55 is the level where the chart needs to prove itself. A sustained weekly breakout above 55 could turn this long-term reversal setup into a much bigger bullish move. 👀🚀 Do you think we're looking at the beginning of another major rally—or will the weekly trendline reject price once again? ⚠️ Financial Disclaimer This analysis is for educational and informational purposes only and is not financial, investment, or trading advice. Technical targets are projections, not guarantees. Always conduct your own research (DYOR) and apply disciplined risk management. #Tadawul #SaudiStockMarket #SaudiStocks #TASI #SaudiTrading #SaudiInvesting #SaudiInvestors #KSAStocks #SaudiEquities #RiyadhMarket #GCCMarkets #MiddleEastMarkets #TechnicalAnalysis #TradingView #PriceAction #Fibonacci #FibonacciRetracement #BullishDivergence #BullishWedge #TrendlineBreakout #Breakout #WeeklyChart #MarketStructure #SwingTrading #MomentumTrading #TrendFollowing #StockAnalysis #TradingIdeas #BullishSetup #RiskManagement #WiSHFundManagement