24 Hrs
Source:
مباشر
_1777294237270_124456903.png&w=48&q=75){kind=small}
Redan's Shares Approach New Resistance
The share of Saudia Food Company Rehan (Reedan) continues its positive performance, closing at 16.00 SAR with sustained buying momentum. This is supported by surpassing the resistance level of 15.48 SAR and reaching 15.90 SAR, amid anticipation of an important test at the 200-day moving average. If trading persists above 16.00 SAR, the stock could head toward areas between 16.27 and 16.65 SAR, with the possibility of targeting 17.00 SAR and then the main resistance at 19.10 SAR. After a sharp decline and a struggle around the bottom near 13.00 SAR, the stock began a technical rebound in June, with a key resistance at 17.00 SAR. The most likely scenario is continued upward movement if it maintains above this level.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)