Acwa's stock faces continued decline near support
The share of Acwa Power is experiencing continuous selling pressure, having fallen below important technical levels and approached a key support zone around 155.90 Riyals. If the stock breaks this support, it is expected to head towards a deeper support level at 149.20 Riyals. The nearest resistance is at 167 Riyals, with a major level at 175.70 Riyals that must be surpassed to induce a trend reversal. Technical indicators indicate that the downward trend is likely to continue until 2026, despite some partial correction attempts in early March, provided the stock remains above the support level of 159.90 Riyals.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)