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"Amak" shares face selling pressure
The performance of Maaden Aluminum Company (MAKAD) stock is experiencing a significant decline amid strong selling pressures, leading to a breach of important technical levels as it approaches critical support zones at 67.00 Riyals. The outlook suggests that the decline may continue if the stock fails to hold this support, with potential to fall further to levels around 64.25 Riyals. Conversely, regaining the 73.75 Riyals level and maintaining stability above it could renew a positive outlook and enable targeting resistance at 80.30 Riyals. The stock experienced considerable volatility during the year 2026, starting with a peak near 117.50 Riyals before undergoing a continuous decline.
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