Najran Cement seeks to recover after historic lows
Najran Cement Company's stock is trying to regain its technical balance after reaching a historic low of 5.17 riyals, having faced strong selling pressures that broke important support levels such as 5.97 riyals, turning them into resistance. Despite this, the stock has shown an attempt to rebound in recent sessions, with investors awaiting a break above 6.09 riyals to target levels between 6.25 and 6.43 riyals. This indicates the potential to re-establish an upward trend if it manages to hold above these levels. Investors are closely monitoring the stock's performance to assess its ability to stay above the main resistance and avoid returning to a negative test of the nearest support line, amid the ongoing overall downward trend that has persisted for years.
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