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Naseej stock tests 23.40 SAR resistance
The stock of Nasaq Global Trading Company is aiming to break through the main resistance level at 23.40 riyals, amid efforts for a corrective recovery after consolidating above an important support level at 21.28 riyals. Technical analyses indicate that successful breaking and stabilization above the resistance could push the price toward targets between 23.93 and 25.82 riyals, while the risks of decline remain if support at 22.45 riyals is broken. In the long term, the overall trend of the stock remains cautious, as breaking below 37.45 riyals confirms the beginning of a downward trend since early 2026. However, recent improved performance may open opportunities for a trend reversal if trading resumes above this level.
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