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Al-Masafi share hits technical lows
Report on the performance of the Saudi Arabian Refining Company (Mabani), which is facing critical technical levels after a series of declines this year. The stock is currently attempting to break above an important resistance at 53.33 SAR. If it succeeds in holding above this level, it could head toward price targets between 54.80 and 55.94 SAR, with additional resistance at 57.15 SAR. In the medium term, challenges remain, as the stock continues forming a downtrend pattern, with key support levels at 52.00 SAR. Meanwhile, surpassing the 65.95 SAR level is essential for a positive shift and to begin a phase of stabilization or sustainable upward movement.
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