8 Hrs
Source:
مباشر
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Anabeeb shares face key resistance
A technical report indicates that the Arab Pipes Company stock is testing important resistance levels around 5.21 riyals, amid high trading volumes. There is an attempt to reinforce gains after stabilizing above a key support at 5.06 riyals. If the stock succeeds in breaking through the resistance and maintaining above it, it could move toward higher levels at 5.32 and 5.39 riyals, with the potential for gains reaching 5.50 riyals. Conversely, breaking below the support levels could reintroduce selling pressures. The stock has been on an upward trend since the beginning of 2026 but has experienced correction waves amid increasing selling pressure. The most important challenge remains the breakout above 5.21 riyals to resume the upward trend and sustain positive developments.
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