24 Hrs
Source:
مباشر
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Fish stock lifts on increased volumes
The Saudi Fish Company stock, "Al Asmak," has experienced a shift in its price performance, rebounding from the bottom levels recorded last October supported by increased trading volumes. This push led it to break above the upper boundary of the Bollinger Bands. These movements followed sharp volatility that began earlier this year, during which the stock declined to a low of 38.24 SAR, then surged to a peak of 86.30 SAR before entering a correction phase. Currently, the stock is testing key resistance levels at 59.80 SAR and 61.30 SAR, with an important support at 56.40 SAR. If buying momentum continues, the stock is expected to reach 64.30 SAR, but it’s crucial to monitor the support level to maintain the upward trend.
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