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Saudi Cables shares show technical signs amid mixed data
The article discusses the performance of the "Saudi Cables" stock, which is currently facing important technical levels after sharp declines. The stock is now testing its ability to regain an upward trend. At present, it is showing volatility, with anticipation of movement between support at 181 SAR and resistance at 185 SAR, with the potential for continued upward movement if it manages to surpass the next resistance at 189.20 SAR, reaching levels between 194.20 and 200.20 SAR. Conversely, it could decline if it fails to maintain support, with a key support level at 152.90 SAR. Technical analysis indicates that the stock is heading toward stability or a possible trend change, despite the overall upward structural trend since the beginning of the year gradually losing momentum.
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