YANSAB shares test resistance amid rising volume
The share of Yanbu National Petrochemical Company "Yansab" is testing important technical levels, having successfully surpassed high minor resistances with a noticeable increase in trading volume. This followed its movement from a sideways range at the beginning of the year and confirmed a shift to an upward trend after breaking a long-term descending trendline in March. Currently, the stock faces a key resistance around 38 Riyals, and remaining above the support range between 32.60 and 32.80 Riyals is essential to maintain the upward momentum. If the positive performance continues, the stock could target levels between 35 and 36 Riyals.
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