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Mesk shares test support levels
The stock of Al Sharq Al Awsat for Specialized Cables "MISK" has stabilized above key support levels after a series of declines, attempting to break through an important resistance at 35.00 riyals. A closing price above 35.55 riyals, combined with high trading volumes, could enhance the chances of continued upward movement, with the first target at 36.58 riyals. There is also potential for momentum to extend towards resistance zones between 37.54 and 38.40 riyals. On the other hand, breaking below support at 33.00 riyals would serve as a warning sign that could lead to a short-term correction.
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