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"Al-Tatweeriyah Al-Ghithaiyah" tests new resistance
The share of the Food Development Business Company is testing new resistance levels, supported by positive technical signals and upward price movements. There is an emphasis on the potential resumption of the upward trend after a decline earlier this year. Technical analysis indicates that the stock is trading above the 9-day exponential moving average and has a support level at 80.40 Riyals, with targets reaching up to 87.65 Riyals. It is important to monitor the historical pressure that began in July, as technical indicators still suggest short-term strength for now.
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