Aqua stock under pressure ahead of support
Aqua Power Company’s stock has experienced significant selling pressure recently, failing to break through key resistance levels and stabilizing below important support zones between SAR 185.70 and SAR 188.90. This failure has led to increased bearish momentum, with expectations of a continued downward move toward levels between SAR 180.60 and SAR 176.40, and possibly lower if selling pressure persists. Technical analyses indicate that the overall long-term trend is downward until 2026, with some signs of a potential correction if the stock manages to regain higher levels, especially above SAR 188.90, which could open the way to re-test the resistance at SAR 199.90. A critical support at SAR 163.40 is considered decisive in preventing further decline, while the next resistance target is at SAR 206.50 if the stock stabilizes and resumes its upward trend.
Notice: This Is an AI-Generated Summary
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