24 Hrs
Source:
مباشر
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Burgrazar Shares Challenge Resistance
The article focused on the performance of the Saudi fast-food restaurant company, Burgeriezar. The stock shows signs of technical consolidation near key support levels after a series of selling pressures since the beginning of the year. The stock is attempting to form a technical pattern known as a double bottom, which indicates a reversal of the downtrend, with a test of a major resistance level at 6.80 riyals. If the stock manages to surpass this level with increased trading volumes, initial price targets are expected to be between 6.96 and 7.07 riyals, with the possibility of reaching 7.30 riyals. Support levels are at 6.60 and 6.48 riyals to protect the stock from decline.
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