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Saudi Ceramic shares bounce back amid rising volumes
The Saudi Ceramics Company stock rebounded from the main support level at 20.50 SAR amid increasing trading volumes, indicating an attempt to reverse the downward trend that persisted over the past few months. Technical indicators such as moving average crossovers and MACD have improved, with expectations of continued upward momentum. The stock is targeting levels up to 23.85 SAR, provided it maintains trading above the support level at 20.90 SAR. This rebound is considered a sign of the beginning of a corrective wave, as efforts are made to counteract selling pressures and confirm a short-term shift to an upward trend.
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