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Jubail Gypsum Shares Drop Below Support
The article analyzes the movement and worst performance of Al Jazeera National Cement Company "Jabisco" stock after breaking a significant support level at 13 SAR. This breach has increased selling pressures and driven the price downward toward lower levels, including 12.60 SAR and 11.62 SAR if the downward wave continues. Technical analysis confirms that breaking the key support reinforces the negative trend, with attention to price behavior at current levels, as staying below 13 SAR increases the likelihood of further decline. Conversely, moving back above this level could lead to a limited bullish correction. The bearish scenario remains dominant in the short term; however, a breach of the 15.40 SAR level is considered a strong technical signal indicating a potential trend reversal.
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