74 Days
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Tabouk Agric shares rise past resistance
The TIBCO Agricultural Development Company’s stock has performed positively in recent sessions, successfully surpassing the main resistance level at 8.80 SAR, which pushed it toward higher price levels between 9.03 and 9.72 SAR, extending up to 10.30 SAR. It is expected that the upward wave could continue if the stock maintains above the 10.30 SAR level. These developments indicate an improvement in the stock’s technical outlook after a period of selling pressures, and breaking through the main resistance could be beneficial in entering a phase of stability or sustained increase. It is important to monitor support at 9.60 SAR to protect profits. Historical performance suggests a trend reversal from recent lows around 5.78 SAR to an attempt to regain the upward trend after breaking through descending resistance lines.
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