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Statistics share needs break of resistance

Statistics share needs break of resistance

The Ammer Food Company stock faces a key resistance near the 41 Riyal level, with investors monitoring the possibility of resuming the upward trend after declining since the beginning of the year, having reached a low of 36.16 Riyals. Breaking through the 41 Riyal level with high trading volume could pave the way for an upward wave targeting levels between 41.98 and 44.75 Riyals. Meanwhile, the 39.42 Riyal level acts as a key support to protect against a downward correction. It is worth noting that the stock is currently moving within a sideways range since its low of 36.16 Riyals.

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