EIC (1303) 61.8% Fibonacci Bounce Inside a Rising ChannelElectrical Industries Co.TADAWUL_DLY:1303AlphaFox-TradersPrice has pulled back to the 61.8% Fibonacci level, which is seen as a previous support area. It's also still trading inside the long term rising channel, so the trend looks positive for now, we could see a move towards the 16.70–17.00 area near the 78.6% Fibonacci level. Stop loss below 13.30 in case the support and channel fail. This looks like a decent swing setup if the bullish momentum continues. Disclaimer: The information provided is for educational and informational purposes only. It does not constitute financial or investment advice. Trading and investing in stocks involves risk, including the possible loss of capital. Any decisions to buy, sell, or hold securities are the sole responsibility of the reader. Past performance is not indicative of future results. Always do your own research and, if necessary, consult with a licensed financial advisor before making investment decisions.