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Ground Services shares rise amid decreasing sell-off
The stock of Saudi Ground Services experienced a significant shift in its price trend, beginning to rebound from important support levels after a period of sustained selling pressure since the start of the year, which had led to the formation of a primary downtrend. Technical analysts observed the stock testing key rebound levels, especially after falling to around 20.80 riyals, with a positive divergence signal appearing in the Relative Strength Index, indicating a slowdown in the bearish momentum. If the price remains above the current resistance levels, it may continue to rise toward the areas of 23.39 and 24.04 riyals, with the potential to reach 25.20 riyals if the stock manages to break through these levels.
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