21 Hrs
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Laden's stock rises on higher volumes
Laden Investment Company's share in the Saudi market experienced a significant technical improvement during the trading session, as it increased in price along with higher-than-usual trading volumes. This helped it to move back above the 21-day exponential moving average (EMA) and signaled entry into positive momentum territory after the RSI index crossed the 50-point level. Analysts expect upcoming target prices to reach 1.85, 1.90, and 2.00 riyals, with profit protection at 1.75 riyals. Meanwhile, the current rebound presents an opportunity to halt the decline and continue upward movement, provided that trading remains above 2.05 riyals to confirm the end of the downtrend that began in June.
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