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Al-Drees share tests new resistance levels
Al-Drees Petroleum Services Company's share is testing new resistance levels amid positive technical indicators, as it stabilized at 123 riyals. The upward trend is supported by the improvement in short-term indicators and the crossing above the 200-day moving average. Expectations are for continued growth if it manages to break through the 130 riyals resistance and remain above it. The nearest support level is at 120 riyals. The stock aims to achieve higher targets at 138 and 150 riyals, provided that buying strength is confirmed and the technical momentum continues.
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