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Gas Holding shares decline after support break
The share of National Gas and Industrialization Company (Gas Holding) has been continuously declining since the beginning of April, losing its key support at 65.10 SAR. This has led to increased selling pressure and targets lower levels between 63.55 and 61.35 SAR, with the possibility of dropping to around 60.40 SAR. However, if the stock recovers to the level of 68.10 SAR, it could ease the downward pressure and restore balance. Conversely, breaking below 60.40 SAR may reinforce the decline toward deeper support between 58.75 and 56.80 SAR. Data indicates weakening buying momentum, with a general trend toward further decline if these levels persist.
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