Bawan shares test key resistance

Bouan Company's share experienced significant fluctuations and a decline throughout 2026, failing to maintain key support levels. It dropped from approximately 51 riyals to a low near 41 riyals, facing ongoing selling pressure. In recent sessions, the stock tried to recover but encountered resistance at 33.34 riyals, with potential moves towards price targets between 34.88 and 35.90 riyals if buying momentum continues. Conversely, it could decline further if it remains below 31.85 riyals, reflecting the continuation of the downward trend that began at the start of the year.

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