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Cinema Retail shares rally towards resistance
The share of AFJ International "Sinomi Retail" has achieved noticeable gains, approaching a key resistance level between 18.48 and 18.63 riyals after surpassing the 15.32 riyal level, which was a major turning point amid strong technical performance. The upward trend follows a period of decline at the beginning of 2026, as the stock continued its recovery from support at 12.00-12.50 riyals. A breakthrough of the current resistance opens opportunities for further increases toward targets reaching 20 riyals. Technical indicators confirm that the relative strength index is in overbought territory, which may precede temporary corrections before the continuation of the upward trend, provided the stock remains above key resistance levels.
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