57 Days
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Facilities share aims to resume upward movement after breaking through short-term descending channel
Mawared Company for Electricity and Water in Jubail and Yanbu is aiming to resume its upward movement after continuing its secondary downward trend, as it attempts to break through the short-term downward channel within which it is moving. This is linked to its attempts to surpass key resistance levels at 39.34 SAR, which could support the continuation of its upward trend and expectations of targeting areas between 40.24 and 40.75 SAR. It is worth noting that the stock recorded its lowest level at 26.84 SAR in March, with technical signals indicating a potential rebound in the upcoming period.
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