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Ma'aden shares approach support zone
Since the beginning of 2026, the share of Ma’aden has been trading within a downward channel, as it has started to stabilize below the main moving averages, indicating a bearish trend in the short and medium term. The stock opened today with an upward move, targeting a key supply zone around 63.20-64.60 Riyals, with the potential for continued selling pressures if it does not hold above support levels at 60.85 and 59.45 Riyals. The 56.75 Riyal level remains a key support to maintain the overall upward trend in the medium term.
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