24 Hrs
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مباشر
Nqe's share tests resistance levels
Nakee Water Company's stock stabilized around the 59.30 riyal level, with an attempt to break the current secondary peak. The stock is supported by positive technical indicators, especially the crossing of moving averages and remaining above the 57.95 riyal support level, which opens the door for further upward movements targeting approximately 60.10 riyals and 61.00 riyals, reaching up to 63.40 riyals. However, analysts warn of selling pressures at the highs and emphasize the need for confirmation of new buying forces to ensure the sustainability of the upward trend, particularly after the transition from a downtrend to an uptrend during the year.
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