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Al-Masar Al-Shamil stays above support amid trend hopes
Al-Massar Al-Shamil Education Company’s stock is showing stability above important support levels after sharp declines, successfully establishing a base at a key support level of 24.00 SAR. This reinforces the possibility of a rebound to an upward trend if it surpasses a minor resistance at 24.80 SAR, accompanied by increased trading volume. Despite recent declines, the overall upward trend structure remains intact. Currently, the stock faces a challenge in breaking through the aforementioned resistance level, aiming to reach a range between 25.38 and 25.98 SAR, with potential to extend to 26.55 SAR if positive momentum continues. The stock has continued testing its all-time high at 28.18 SAR this year but faced selling pressure that led to a pullback. Nevertheless, the overall performance still supports a positive outlook, with a key support level at 23.90 SAR to maintain prospects for a positive performance.
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