TBO TEK – Technical Analysis (1D Chart)

chart looks more range-bound compared to Sobha. Price has been stuck between the 1520–1640 zone for a long time, indicating clear consolidation. The moving averages are flat, which confirms a neutral structure. Recently, price made a bullish attempt by closing above the averages, but long upper wicks show sellers are still active at higher levels. The overall trend is neutral-to-slightly bullish but needs a breakout for confirmation. Key Levels: Immediate Support: 1,575 – 1,585 Strong Support: 1,520 Resistance: 1,640 Major Breakout Level: 1,700 — a close above this level may open strong upside momentum. Until a clean breakout happens, the stock may continue moving sideways inside the range.