Azm share tests key resistance levels
The stock of Azm Saudi Company for Communications and Information Technology is experiencing technical anticipation, as it approaches testing key resistance levels that could determine its short- and medium-term trajectory. After a decline since the end of 2025, the stock managed to support itself at the level of 20.62 riyals and began to rebound, supported by active trading volumes. It is approaching an important resistance at 22.48 riyals, which is the Point of Control (POC) with the highest trading volume density, aligning with the 200-day moving average resistance. If the stock succeeds in breaking through this level and stabilizing above it, it may aim for price targets between 23.00 and 24.70 riyals. Conversely, failure to break through could send the stock back on its downward trend.
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