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Madinat Al-Ma'rifa Stock Hits Resistance
The share of Madaeen Knowledge Economic City succeeded in surpassing the upper boundary of the descending channel that has been controlling its performance since July 2025, indicating a notable technical shift. It is expected to test key resistance levels at 13.18 SAR. If the stock manages to stay above this level, it could target gains between 13.50 and 14.48 SAR, with the potential for continued bullish momentum, while support at 12.30 SAR remains crucial to prevent the resumption of the downward trend. The technical outlook suggests a gradual increase in bullish momentum; however, the overall long-term trend remains negative, necessitating careful monitoring to ensure the sustainability of gains.
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