Thob Al-Aseel : Breakout for Upside RallyThob Al-Aseel Co.TADAWUL_DLY:4012wish_fund4012 🚀 Trendline Breakout Loading? A Sustained Move Above 4 SAR Could Trigger Strong Upside 🇸🇦 The stock is showing encouraging signs of recovery after bouncing from a high-probability Fibonacci demand zone, and it's now approaching a critical trendline resistance that could define the next major move. This is a setup where confirmation—not anticipation—can offer the best risk-to-reward opportunity. 🔍 Technical Outlook The recent rebound originated from 3.11 SAR, which coincides with the 0.786 Fibonacci retracement of the 2.58 → 5.20 bullish swing. This deep retracement level is widely regarded as an institutional accumulation zone, and the strong reaction suggests buyers are beginning to regain control. 📈 Breakout Level to Watch The key trigger remains the descending trendline resistance. A confirmed breakout, followed by a successful breakout–retest above 4.00 SAR, would provide strong technical confirmation that the downtrend has ended and a new bullish phase is underway. ✅ Bullish Confirmation Checklist Trendline breakout Sustained price above 4.00 SAR Breakout–retest confirmation Rising volume and bullish momentum When these conditions align, the probability of a rapid upside expansion increases significantly. 🎯 My View The rebound from 3.11 (0.786 Fibonacci retracement) has kept the bullish structure alive, but the market still needs to prove itself. 👀 Key Support: 3.11 SAR (0.786 Fibonacci demand zone) 🚀 Key Confirmation: Break and hold above 4.00 SAR Rather than chasing price before confirmation, I'd prefer to wait for the breakout–retest to validate the trend reversal. Once confirmed, the stock could become an attractive momentum candidate for swing traders. Will the bulls reclaim 4 SAR and trigger the next breakout, or will the trendline reject price once again? Share your technical view below! 👇 ⚠️ Financial Disclaimer Disclaimer: This analysis is shared for educational and informational purposes only and should not be considered financial, investment, or trading advice. Always conduct your own research (DYOR) and apply disciplined risk management before making investment decisions. #Tadawul #SaudiStockMarket #SaudiStocks #TASI #SaudiInvesting #SaudiTrading #SaudiInvestors #KSAStocks #SaudiEquities #RiyadhMarket #GCCMarkets #MiddleEastMarkets #TechnicalAnalysis #TradingView #PriceAction #TrendlineBreakout #BreakoutRetest #Fibonacci #FibonacciRetracement #BullishSetup #MarketStructure #SupportAndResistance #SwingTrading #MomentumTrading #TrendFollowing #ChartAnalysis #TradingIdeas #StockAnalysis #RiskManagement #Investing #BreakoutTrading #TechnicalTrader #WiSHFundManagement