Cinema Retail's stock tests support for rebound

The share of AFJ International (Cenomy Retail) has experienced significant fluctuations recently, with a strong attempt to rebound from a key support level at 11.95 SAR after facing heavy selling pressures that have led to a general downward trend since the beginning of 2026. The stock previously succeeded in surpassing the 14.13 SAR level, which boosted bullish momentum, targeting ranges between 14.60 and 15.28 SAR. However, selling pressures pushed it back into a downtrend, testing a crucial support at 12.30 SAR. If the stock manages to break through a minor resistance at 12.73 SAR, it could head towards 13.01 SAR. Should it surpass this level as well, it may extend its gains to between 13.38 and 13.77 SAR. Conversely, maintaining its stability below the support at 12.30 SAR could reignite selling pressures, continuing the downward trend that has been in place since last year.

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