Aslak shares hover at critical levels

The share of Etihad Steel Industries "Aslak" is heading towards important technical levels after testing a support level at 17.07 SAR, which led it to drop to its lowest point in some time. While there are signs of a potential rebound with a test above the 16.70 SAR level, remaining above the support at 16.22 SAR could enhance recovery chances, whereas falling below this support might result in further decline to 15.80 SAR. The stock continues its downward trend throughout 2026, with ongoing negative breakouts. Meanwhile, the positive scenario remains contingent on the price stabilizing above the key resistance at 18.55 SAR.

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