Amak shares under selling pressure
Al Ma'aden Company for Mining (Ma'aden) is facing increasing selling pressures, leading to noticeable declines in its stock price. It has broken through important technical levels and moved closer to a major support zone at 67.00 riyals. Technical analysis indicates that maintaining the stock above this support is crucial to prevent further decline toward lower levels, including 65.80 riyals and 64.25 riyals. In the short term, a positive technical outlook requires the stock to recover to and stabilize above 73.75 riyals, potentially opening the way toward a resistance level at 80.30 riyals. The stock's performance in 2026 is expected to fluctuate between record highs at 117.50 riyals and selling pressures during later periods.
Notice: This Is an AI-Generated Summary
Comments (0)