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Enaya shares test new resistance level
Saudi Insurance Cooperative Company (SAUDI) stock tested a significant resistance around 10.18 SAR, supported by increased liquidity and trading volumes. It also surpassed a previous resistance level at 9.48 SAR, which could open the way for further upward movement toward 10.42 and 10.87 SAR. Maintaining support at 9.84 SAR is essential to sustain the bullish trend. Since the beginning of the year, the stock has been on an upward trajectory after trading near 6.40 SAR last year. It successfully broke through the 11.25 SAR level, but a correction in July caused a pullback, with support remaining at 8.50 SAR to continue the positive trend.
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