20 Hrs
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Jubescoco's share rebounds towards 12.75 Riyals
The shares of Al Jazeera National Plaster Company ("Gibsco") regain buying momentum after significant declines, rising to 12.08 riyals. This increase follows surpassing the middle band of the Bollinger Bands indicator, supported by higher trading volumes and an improving Relative Strength Index (RSI). The stock is likely to continue its upward trajectory toward initial targets of 12.45 and 12.75 riyals, with the potential to extend to 13.45 riyals if positive momentum persists. These movements come after the stock fell from a peak of 16.75 riyals to a low of 10.94 riyals at the beginning of 2026, with a key support level at 11.65 riyals. The technical performance suggests a possible change in the stock's direction and gains if it maintains the support level and manages to break through resistance levels.
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