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Tobi's share stabilizes after historic lows
The share of Al-Ardh Al-Mutqin Trading Services Company "Tobi" experienced a corrective session after reaching its all-time low of approximately 5.95 SAR, following a series of selling pressures that have persisted since last year and led to sharp declines. The stock managed to rebound technically with a noticeable increase in trading volumes, and this correction presents an opportunity to establish a strong price base and reduce losses. However, the challenge remains in surpassing the resistance level at 6.78 SAR to ensure the continuation of the uptrend. Support levels between 6.41 and 6.46 SAR are crucial to prevent a repeat of the decline. The stock's success in maintaining these levels could support ongoing recovery and target levels up to 7.12 SAR, with a key resistance zone between 7.27 and 7.37 SAR representing an important turning point.
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