15 Hrs
Source:
مباشر
Laden's share Tests Resistance Levels
Laden Company's stock shows a positive performance in recent sessions, achieving notable gains amidst important technical resistance levels. It managed to break above the 1.83 riyal mark, pushing it toward an initial target of 1.99 riyals. Traders are currently awaiting a breakthrough of the psychological resistance at 2 riyals to open up bullish prospects that could reach between 2.08 and 2.14 riyals. While the overall downward trend remains dominant, the 1.90 riyal level serves as a significant support zone; closing below it could lead the stock to retest support at 1.83 riyals. Analyses indicate that the current rebound follows strong selling pressures experienced throughout the year, coupled with a gradual increase in trading volumes. For a confirmed shift from a downward to an upward trend, the stock needs to reliably break through key resistance levels and close above them repeatedly.
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