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Wafra shares test key levels
The shares of Wafa for Industry and Development are testing important technical levels. They successfully broke through the resistance level at 22.10 SAR and saw significant increases in trading volume, positioning them to target levels between 24.02 and 24.64 SAR, with the possibility of reaching 25.50 SAR if buying strength continues. The nearby support levels are estimated at 22.49 SAR, and any close below this may cause the stock to retest lower levels around 21.80 SAR. In the short term, the stock shows a corrective trend, with prospects of resuming the upward path if support levels are maintained and key resistance areas are surpassed.
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