Jacko shares test key levels amid market divergence
The share of Al-Qassim Holding Company for Investment (JACO) has experienced fluctuating technical performance. It successfully tested historical support levels that have now turned into resistance points, amid efforts to shift from a downtrend to a short-term upward wave. After breaking support at 11.90 SAR, the stock closed at 11.97 SAR, with eyes on surpassing the 12.00 SAR level, which could pave the way for an upward move targeting between 12.28 and 12.57 SAR, possibly reaching 12.95 SAR if buying momentum continues. The stock faces a psychological resistance at 12.00 SAR; a successful breakthrough of this level could boost its upward trajectory, while technical indicators still suggest it remains within a secondary downtrend.
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