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Electric stock steady awaiting突破
The "Electrical Industries" stock is trading within a sideways range throughout August, after testing a support level at 15.22 riyals and regaining stability above it. The chances of the stock rising have strengthened if it manages to close above 15.75 riyals, which could push it towards targets between 16.12 and 17.39 riyals. The stock reached its peak at 19.62 riyals in April following a strong rally from a support at 10.40 riyals, before retreating and settling into a sideways trading pattern, with indications of a secondary downward trend before stabilizing again.
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