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Taqweem shares rise on strong support
The Taqween Modern Industries Company stock showed positive movements above the technical support level, supported by increasing trading volumes. This reflects an attempt for the price to recover after a downtrend that began at the start of the year, with the stock reaching a low of 3.71 SAR. Currently, the stock is trading at 3.91 SAR and displays positive technical signals, with potential targets of reaching 4.00 SAR first, then 4.10 SAR, and 4.30 SAR if momentum persists. The level of 3.75 SAR should be monitored as a stop-loss point; breaking below it could lead the stock to retest its previous bottom, amid the continuation of the bearish trend in the medium and long term.
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