Nasij's stock targets 23.40 Riyal resistance
The article reviews the performance of the Nasaq Global Commercial Company’s stock. The stock aims to break through a resistance level at 23.40 SAR to enhance the opportunity for regaining upward momentum in the short term. It has managed to maintain an important support at 21.28 SAR following a corrective wave in July and has begun to rebound as trading volumes improve. If it succeeds in breaking above and stabilizing over 23.40 SAR, it is expected to target levels between 23.93 and 24.36 SAR, potentially extending to 25.00 and 25.82 SAR if momentum continues. However, breaking support at 22.45 SAR could weaken this scenario and cause the stock to test lower support levels. In the longer term, the stock’s technical performance appears cautious due to its downtrend since early 2026, especially after breaking the support at 37.45 SAR, which was a key turning point. The situation remains within a corrective recovery within the main downward trend, with the importance of regaining trading above 37.45 SAR to support a long-term trend change.
Notice: This Is an AI-Generated Summary
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