Dheb share records historically low levels amid ongoing selling pressures
The share of Dabbab Car Rental Company continues its decline, reaching its lowest historical level at 22.72 riyals, amid a strong downward trend driven by the absence of purchasing momentum and the break of significant technical support levels. Technical readings reflect ongoing selling pressures despite limited attempts to rally, with attention on price behavior at resistance levels of 23.60 riyals and 24.60 riyals. A close below 23.60 riyals could open the door to further declines towards 22.20 riyals, while the stock’s stability above the 24.60 riyal resistance is essential to halt the decline and begin improving technical performance.
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