Ghareer's stake stays stable above support
The Jarir Marketing Company stock has maintained stability above the support level around 16.00 SAR after surpassing several important resistances, including the 15.50 SAR and 17.15 SAR levels. It reached a new historical high close to 18.38 SAR in July. Technical analysis shows that the stock is based on an upward pattern with bullish control, and its continued rise depends on its stability above the 17 SAR level, with potential targets between 17.38 and 18.38 SAR. A decline back to the support zone between 16.54 and 16.65 SAR could present an opportunity to rebuild investment positions, while trading below 16.28 SAR may lead to testing the main support level at 16.00 SAR again.
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