15 Hrs
Source:
مباشر
GEBESCO shares drop below 13 riyals
Al Jibsah National Company "JESCO" is facing strong selling pressures after breaking the key technical support level at 13 riyals, which caused the stock price to decline towards lower levels. Trading continues below this support, and further decline towards 12.60 and 11.62 riyals is expected if selling pressure persists. Staying above the 12.60 riyal level is necessary to halt the decline and contain the downturn. However, breaking this support could open the way to lower levels. The analysis indicates that the downtrend may continue if the stock remains below 13 riyals, with attention to the possibility of regaining the 13 riyal level and supporting a breakthrough above 15.40 riyals to confirm a trend reversal to the upside.
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