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Ground Services share falls below key support
The stock of Saudi Ground Services collapsed after breaking through key technical support levels, continuing the downward pressure that led it to new lows. The stock was unable to maintain the pivotal support level at 29.25 SAR, and the last trading session closed at 26.62 SAR, reflecting an ongoing bearish trend and full dominance by negative traders. Technical analysis forecasts further decline toward deeper support levels between 25.32 and 24.50 SAR, with a possibility of dropping to 23.75 SAR if selling pressures persist, amid diminishing buying momentum and the formation of lower highs and lower lows throughout the year.
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