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The "Saudi Pipelines" stock continued its upward trend supported by increased trading volumes and buying momentum. It managed to maintain its recent gains and surpass minor resistance levels, with expectations for further rises to reach price levels between 53.50 and 54.70 riyals if the momentum persists. The stock successfully established a strong price base in early 2026 after a sharp decline in the previous year, specifically bouncing off a major support at 35.30 riyals, with a significant breakthrough of the 42.70 riyal level in March. Although facing resistance at 57.90 riyals, the most likely scenario remains an ongoing upward trend, with risk management set at 49.32 riyals to protect profits.
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