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PSF share rebounds with rising volumes
The Saudi French Bank stock has shown strong positive movements in its technical performance, bouncing off key support levels after touching the 200-day simple moving average, along with the entry of high capital flows. This reinforces the likelihood of resuming an upward trend. The price is expected to target levels between 20.60 and 21.10 riyals, with the possibility of reaching 22.10 riyals if momentum increases. Risk management includes setting a stop-loss at 19.45 riyals; if this level is broken, the correction could extend to a key support at 18.50 riyals. Since early 2026, the performance indicates a strong outlook for an upward movement.
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