13 Hrs
Source:
مباشر
Sabic Shares Under Downward Pressure
Saudi Basic Industries Corporation (SABIC) stock is facing ongoing selling pressure, with investors watching to see if it can hold above the vital support level around 46 to 47 Riyals. The stock has failed to break through key resistance levels. It is moving downwards within a downward trend in both the short and long term, with buying momentum remaining weak and selling forces dominating. The stock has broken a significant support level at 47.98 Riyals, which could pave the way for further decline toward lower levels around 45.30 Riyals. To halt this decline, the stock needs to surpass and stabilize above 48.52 Riyals. Given ongoing pressures, close monitoring of the nearby support level is essential to determine its future trajectory.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)