Fish share steady after correction
The Saudi Fisheries Company stock has begun to face a downward correction wave after failing to stabilize above key resistance levels between 84.05 and 85.00 riyals. This has led to declines targeting important support zones between 63.40 and 64.85 riyals. However, the stock showed signs of technical consolidation near a pivotal support at 63.40-64.85 riyals, with a price rebound and increased trading volumes, which supports the possibility of a return to an upward trend if it manages to break through a secondary resistance at 69.75 riyals. Analyses indicate that the main downward trend since last year could weaken if buying momentum continues, with potential targets between 75.05 and 77.00 riyals. Meanwhile, the prospects for correction remain if the price falls below 66.95 riyals, and staying below 65.90 riyals could complicate the chances of sustained growth.
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