4240 FAWAZ ABDULAZIZ ALHOKAIR ANALYSISFAWAZ ABDULAZIZ ALHOKAIR CO.TADAWUL_DLY:4240Mushtaque77FAWAZ ABDULAZIZ ALHOKAIR was in downtrend from 2021-2024. Then it showed reversal with supported Volume Gradient. It gave a Spike and is trending in a classical Stair-Stepped trend (blue and yellow channels). If you look at the yellow channel, you can spot SPRG Liquidity Sweep and SOS (Sign of Strength) – followed by an upward leg which trigged Breakout. It retested breakout at breakout level. But wile plotting a HH, it has created an Up-thrust and there is a strong immediate resistance at 18.92 – right above the current price (17.92). These two reasons suggest Long Trade should be avoided or should only be taken for a small gain till Target of 18.9 SAR or max 20 SAR. If it breaks out of 20 SAR price range, it can expose new trades for further targets.