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Fish stock nears technical recovery
The share of Saudi Fisheries Company "Al-Asmak" has been experiencing continuous selling pressure since the beginning of the year, declining from 67.70 SAR in January to a historic low near 38.20 SAR due to heavy selling. The stock attempted to regain its balance during today's session, approaching a minor resistance level at 41.30 SAR. Overcoming this level is expected to open the way for targets between 42.22 and 45 SAR. However, the overall trend remains downward, with persistent selling pressure and the influence of moving averages continuing to impact the stock’s performance.
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