First Mills share steady above support
The share of Al-Mutahinna First Company has stabilized above the main support level at 49.90 SAR, following local fluctuations, amid attempts to break through an important secondary resistance at 53.25 SAR. If the stock manages to maintain trading above this level, it is expected to reach a technical target at 54.45 SAR, followed by a resistance zone between 55.85 and 56.65 SAR, which could strengthen the upward trend toward the near 58.10 SAR level. Although buying momentum has slightly decreased compared to previous waves, the continued performance above 49.90 SAR reinforces the positive outlook, while breaking below 51.50 SAR may limit momentum and lead to a decline.
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