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Tobek Agriculture Development Company’s stock has recently shown a notable improvement, successfully surpassing an important resistance level at 8.80 riyals. This opens the door for further gains toward the range between 9.03 and 10.30 riyals, with the possibility of reaching 10.80 riyals if the price remains above 10.30 riyals. This comes after the stock was in a downward trend throughout 2026, but since June, it has begun to display signs of technical stability and improvement, supported by breaking through the downtrend line and surpassing a resistance at 7.50 riyals. Experts recommend raising the profit protection level to 9.60 riyals, while the key resistance level remains at 10.85 riyals, which will determine whether the stock enters a corrective phase or sustains a sustainable upward trajectory.
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