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Saudi Badjet stock struggles to break resistance in downward trend
During recent trading sessions, Budggt Saudi Company's stock has attempted to test a key secondary resistance level around 29.30 riyals, despite continuing its downward trend that began in August 2025. The prices recently rose supported by an upward price gap, and there are expectations that staying above this level could open the door to achieve price targets between 29.95 riyals and 31.45 riyals, relying on high cash flows and strong trading volumes. However, risks remain if the stock fails to hold the support at 28.28 riyals, as downward pressure could intensify and reinforce the primary bearish trend.
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