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Muscat Securities Shares Rise Signaling Rebound
The Mashreq Paper Industries Company (MPCO) stock has exhibited a positive performance during recent trading sessions, showing signs of a bullish rebound from key support levels. The technical support at the 16.19 riyals level has strengthened buying momentum, with the stock trading above the 9-day exponential moving average and the Relative Strength Index (RSI) rising above 50, indicating the potential for continued upward movement. Analysts predict that the stock may reach targeted price levels of 16.60 riyals first, then 17.10 riyals, and eventually 17.90 riyals. It is important to monitor the 15.70 riyals level as a stop-loss to avoid a possible decline toward the main support at 15.50 riyals.
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