19 Hrs
Source:
مباشر
Al-Masafi share faces key technical support
Saudi Arabian Refining Company (SAMREF) is facing critical technical levels as it attempts to recover from its downward trend. The stock is currently trying to test key resistance levels to resume a corrective upward movement. It is trading near an important resistance at 53.33 SAR. If it manages to break through and hold above this level, it is expected to target higher levels between 54.80 and 55.94 SAR. In the medium term, challenges remain, and maintaining the 52.00 SAR level is essential to prevent a repeat of the decline. Conversely, a closing above 65.95 SAR would signal a trend reversal and a transition into a period of stability or sustained growth.
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