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Saudi Budget shares face resistance levels
Saudi Badget's stock faces resistance amid its ongoing downward trend since August 2025. The stock is attempting to test a secondary resistance level at 29.30 riyals after experiencing a temporary rise supported by an upward gap. However, it remains vulnerable to selling pressures, especially if it fails to maintain the support level at 28.28 riyals, which could lead to the continuation of the downtrend and a decline in prices toward new support zones between 28.90 riyals and 29.30 riyals. The data indicates that the stock's performance is influenced by a strong selling environment, and its ability to hold above key resistance and support levels will determine its future direction.
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