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Fish share holds steady at support
The Saudi Fish Company’s stock is experiencing a downward correction wave after failing to establish itself above key resistance levels between 84.05 and 85.00 SAR, leading to a decline in prices as they search for new support levels. Today’s session shows the stock consolidating near a pivotal support zone between 63.40 and 64.85 SAR, with increased trading volumes, which enhances the chances of a rebound if it surpasses the minor resistance at 69.75 SAR. The downward trend since last year is expected to continue, as the stock reached a low of 38.20 SAR before regaining momentum by stabilizing above 66.50 SAR in June. Possible upward targets are around 75.05 to 77.00 SAR, or a decline toward 66.95 and 67.70 SAR if the main support levels are not maintained.
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