Tadawul Group Seeks to Stabilize Amid Downtrend
The article focused on Saudi Tadawul Group's stock performance, where the stock currently shows consolidation above key support levels despite selling pressures. The zone between 115.70 and 116.60 SAR represents strong support, and breaking through a minor resistance at 124.90 SAR could open the way toward higher levels between 128 and 129.70 SAR, which is a pivotal point where market forces balance. It is worth noting that the stock started the year on a positive note before experiencing sharp selling pressures in February, which pushed the market into a downward trend. However, attempts to recover began to emerge with increased trading volumes near support levels in August. Nonetheless, the downtrend remains ongoing for now, awaiting technical catalysts to push the stock upward.
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