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Saudi Cables remains stable after correction
The Saudi Cable Company stock remained stable above the support level of approximately 159.60 SAR after a corrective wave, despite successfully surpassing important resistance levels in June 2026 and reaching targets between 155.10 and 168.50 SAR. Technical analyses indicate that the continuation of the upward trend requires breaking the 169.20 SAR level with increased liquidity, aiming to reach areas between 173.10 and 176.90 SAR. Conversely, breaking below the support at 159.70 SAR could threaten the stock's stability and lead to lower declines. Staying above the 175.90 SAR level is essential to maintain the upward momentum and move towards higher targets between 181.40 and 186.00 SAR.
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