Saudi Budget Share Recovers
The share of Budget Saudi Arabia experienced a significant improvement in its technical performance after a period of selling pressure. It rebounded correctionally, supported by increased trading volumes and stability above the 50-day moving average. The stock managed to break through its previous resistance level at 29.30 SAR, opening the way to achieve price targets reaching 34.74 SAR, with buying momentum continuing and active trading volumes supporting this move. Although the share declined since the beginning of 2026 to its lowest point at 28.90 SAR, its stability above current support levels indicates a potential shift in the downward trend or the onset of a larger upward corrective wave. It is important to monitor the support level at 30.78 SAR to protect against risks.
Notice: This Is an AI-Generated Summary
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