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Saudi Cables stays above support levels
The Saudi Cables Company’s share maintained its stability above a key support level at 159.60 riyals after a corrective wave, despite recording positive performance in June 2026 and surpassing important resistance levels at 151.90 riyals. It is expected to resume its upward trend if it manages to break the 169.20 riyals level, with targets between 173.10 and 186.00 riyals. Conversely, a break below the support level of 159.70 riyals could lead to a decline toward 152.30 riyals. Staying above major resistance levels is a crucial condition for the continuation of the bullish trend, supported by increasing liquidity and confirmation of technical breakout.
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