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Amiante's share faces support tests
The article reviews the recent performance of the Amantai Saudi Company’s stock, focusing on its attempt to stay stable near strategic support levels amid ongoing selling pressures. Technical analysis shows that the stock has maintained a key support level around 11.80 SAR and is currently approaching an important resistance at 12.50 SAR. Breaking through this resistance could open up opportunities for an increase to between 12.77 and 13.05 SAR. Conversely, if the decline continues and the price falls below 12.07 SAR, the stock will revisit the support at 11.80 SAR, with a clear slowdown in rebound attempts amid an overall downward trend throughout the year.
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