Al Othaim Markets Recovers After Double Bottom

The Saudi Tadawul stock of Abdullah Al Othaim Markets Company experienced a technical rally after testing the main support zone twice in October. The stock bounced from the year's low at 4 riyals and stabilized above the 9-day exponential moving average, with trading volumes declining. It is expected to continue its upward movement, targeting levels of 4.15 and 4.25 riyals, provided that it overcomes the resistance at 4.20 riyals. However, there are warnings of a potential decline if the stock fails to maintain support at 3.90 riyals, which represents the year's bottom, possibly leading to further decrease.

articleDetails.fontSize.sizeحجم النص

تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

عرض المقال بالكامل