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Tubi stocks hit record low amid correction
The shares of Al-Ardh Al-Mutqin Trading Services Company (Toby) recorded unprecedented low price levels during October, reaching 4.76 SAR, amid continued selling pressures since last year. However, the last session showed a different movement, as demand began to increase and the price rose, supported by active trading volumes, indicating an attempt by buyers to regain control. The stock is currently expected to test resistance at 4.88 SAR; if positive momentum continues, it could rebound to levels between 5.00 and 5.24 SAR. The main support is targeted at 4.76 SAR, and a breakout below this level could lead to a further decline toward 4.50 SAR.
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