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Science share breaks range with high volume
The stock of Elm Company successfully broke through the sideway trading range that persisted from May to June, supported by high trading volumes. It closed positively, suggesting the potential for continued upward movement toward levels between 755 and 773 riyals, and possibly extending to higher zones near 787-801 riyals. This outlook remains valid as long as support levels around 708-710.50 riyals are maintained. The corrective movement at the beginning of 2026 led to a decline below the support level of 660 riyals, but the stock rebounded, attempting to build a price base near resistance at 819.5 riyals. It is important to monitor the current support levels to ensure the sustainability of the positive performance.
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