Azm's Share Faces Key Resistance
The share of Azm Saudi Company for Telecommunications and Information Technology shows positive signals, as it has approached testing a historic resistance level at 28.90 riyals after shifting its trend from downward to upward in September. This change has been supported by increased volumes and the alignment of technical indicators such as the "Bullish Engulfing" pattern and a positive crossover on the MACD indicator. The stock targets levels of 29.10 and 29.95 riyals, while the 27.50 riyals level is considered a key support. Successfully breaking through the resistance could push the stock towards higher levels reaching up to 31.70 riyals.
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