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Cinemas Centers try rebound after low
The share of Arabian Centers Company "SYNOMI Centers" has begun a technical rebound attempt after recording a new historic low, closing at 16.66 riyals and surpassing the nearby resistance level at 16.55 riyals. This indicates increasing buying momentum and the potential for continued upward movement towards 16.90 riyals and resistance levels between 17.27 and 17.40 riyals. Despite the attempts at recovery, the stock still trades below the main resistance level at 18.05 riyals, and the overall downtrend remains unaltered, as it reached a low of 15.43 riyals in July. Future resistances are expected at 17.70-18.00 riyals.
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