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Manufacturing stocks face resistance amid mixed signals
The National Manufacturing Company's stock is testing an important resistance after a strong decline in June and July. The market is focused on its ability to break through current resistance levels to support a bullish trend. After the stock fell below 9.47 SAR, it began to show technical consolidation with increased trading volume, which enhances the likelihood of regaining upward momentum if it manages to break through resistance between 9.68 and 9.85 SAR. If it continues to progress, it may target the next resistance level at 10.18 SAR, reflecting a potential continuation of the recovery after a period of selling pressure.
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