Bahri's share tests resistance levels
The article discusses the performance of the Bahri Company’s stock, which is currently facing a resistance zone between 33.14 and 33.82 riyals. This is a critical point that will determine its short-term future direction. If the stock manages to break through and hold above the 33.82 riyal level, it is expected to continue rising toward levels of 34.56 and 35.48 riyals, potentially reaching 36.30 riyals with sustained buying momentum. Conversely, maintaining trading below this zone could keep selling pressure in place, leading to a decline toward support levels of 32.28 and 31.78 riyals. Close monitoring of the stock’s performance at key support levels is especially important, particularly after bouncing from a major support level at 25.10 riyals and successfully achieving historic gains up to 38.30 riyals last April.
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