Jaco Share Gains Support

The share of Al-Qassim Holding Group for Investment "JACO" successfully maintained the support level at 11.85 SAR, with positive technical signals emerging, such as a positive divergence in the Relative Strength Index (RSI) and increased trading volumes. It also managed to break through a secondary resistance at 12.70 SAR, and it is expected to move towards the resistance zone of 13.65-13.75 SAR if the buying momentum continues. However, it remains important to monitor the support level at 12.40 SAR to avoid further decline. It is worth noting that the stock started the year with a sideways movement, faced sharp selling pressures in February, followed by an attempt to stabilize the price within a range, despite the ongoing secondary downward trend.

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