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UCI's share faces key resistance amid momentum shift
The share of UCCI Paper Industry faces a critical resistance in the market, as it attempts to break through key resistance levels between 26.00 and 26.40 riyals. There are signs of ongoing upward momentum if it manages to stay above 27.24 riyals. Technical analysis forecasts targeting higher levels between 27.88 and 28.44 riyals, with resistance at 29.30 riyals. Meanwhile, support levels at 25.92 riyals are crucial to prevent a decline in the price. The stock also shows signs of a technical recovery after a decline that began last year, currently testing an important resistance level—a test to remain above support levels and to support the continuation of the upward trend in the coming period.
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