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Amalk stock reaches new low amid slowdown signals
Amalk Global Financing Company's stock recorded a historic low of 8.21 SAR, following a series of declines that have persisted since the beginning of the year. These declines have been accompanied by strong selling pressures and a downward trend. Technical reports suggest a possible corrective rebound, supported by a reversal in the relative strength index and a break above the minor resistance level at 8.65 SAR. This could open the door to targets between 8.85 and 9.04 SAR, and potentially reach 9.39 SAR if buying support continues. However, if the stock continues trading below the 8.39 SAR level, it faces the risk of testing the bottom at 8.21 SAR. The overall trend remains bearish, with the stock trading within a limited corrective range. A key resistance at 13.51 SAR prevents a shift from a downward to an upward trend.
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