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Al-Qassim Cement stock hits support level
The Qassim Cement Company stock has shown a tangible technical improvement after breaking a series of selling pressures that lasted for more than ten months. It successfully surpassed the main downward trendline since the beginning of the year, supported by a gradual increase in liquidity rates and trading volumes. Analyses indicate the formation of a secondary upward trend and a correction to continue on the upward path, with a solid price base built between 44.20 and 44.50 riyals. Currently, the stock faces a significant resistance level at 45.66 and 45.70 riyals, and stability above this barrier is essential to target higher levels between 46.70 and 48.95 riyals. Maintaining recent gains is crucial to ensure the continuation of the positive trend.
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