Al-Majid for Oud tests resistance after consolidation
The share price of Al Majid Al Muhaidib Group's company experienced a strong rebound, successfully holding near a key demand zone between 129 and 131 riyals after declines and heavy selling pressure in April. The stock is currently facing an important resistance at 141.90 riyals, and breaking through this level and maintaining above it is a key factor to confirm continued upward movement toward targets ranging from 146.30 to 157.70 riyals in the upcoming period. Technical analysis indicates a gradual improvement, supported by significant support levels between 135.20 and 137.10 riyals to sustain positive momentum.
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