Al-Majad Al-Aoud tests key resistance

The Al-Majd Al-Aoud Company’s stock succeeded in stabilizing near a pivotal demand zone between 129 and 131 riyals, following a decline in April 2026, and is beginning to show signs of short-term improvement. Currently, it faces a significant resistance at 141.90 riyals, with initial target levels between 146.30 and 149.00 riyals situated beyond it. There is a possibility of continued upward movement if the stock remains above this resistance. Meanwhile, the areas between 135.20 and 137.10 riyals serve as an important support zone to maintain the positive trend.

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