Perfect Display share rebounding after historic lows
Al-Urth Al-Mutqin company's "Toby" trading share experienced a corrective movement after reaching a historic low near 5.95 SAR, supported by increased trading volumes and rising buying pressures. This rebound comes after a period of severe selling pressure that has persisted since last year, as the stock tries to establish a strong price base to halt the ongoing price decline. The stock's positive performance depends on breaking through the main resistance level at 6.78 SAR with high trading volumes, aiming to reach higher levels at 6.92 and 7.12 SAR. Meanwhile, the area between 7.27 and 7.37 SAR presents a key resistance that could hinder its upward movement. Currently, the stock's support requires holding above the 6.41 – 6.46 SAR level to avoid a new wave of declines, with close monitoring of trading activity necessary to predict the continuation of the corrective trend.
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