Hervy's stock nears 15.56 riyal resistance
The share of Herfy Food Services is experiencing an attempt to regain its upward trend, facing resistance at the 15.56 SAR level, which is a key point to break through in order to enhance the chances of a price increase and target higher levels up to 16.35 SAR. Since the beginning of 2024, the stock has been moving within a sideways range between support at 12.90 SAR and resistance at 15.00 SAR, after recording a historic low of 12.90 SAR in March. It then tried to recover but has not stabilized above 15.95 SAR, keeping the movement confined within a specific range. If the stock manages a sustained breakthrough above the 15.56 SAR resistance, higher levels could be targeted, with significant support at 15.15 SAR. Breaking this support may draw attention to a support level at 14.80 SAR, with the possibility of continued fluctuations amid important technical resistances between 16.77 and 16.95 SAR.
Notice: This Is an AI-Generated Summary
Comments (0)