Tashab shares face key resistance
The share of Tashb Arabia Cooperative Insurance Company faces significant resistance at the 19.30 riyal level and is struggling to break through the downtrend that began in June. Technical analyses indicate attempts to buy to halt the decline, with a noticeable increase in liquidity, which enhances the chances of a trend reversal if the stock can close above the resistance twice in a row without forming reversing candles. If the breakout is successful, the stock could move towards price levels between 19.77 and 20.58 riyals, with support levels remaining between 18.54 and 18.72 riyals to limit any decline. Since the start of 2026, the stock's performance shows corrective rebounds within the overall downtrend, and the future of the upward trend depends on holding above the specified resistance and support levels.
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