11 Hrs
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مباشر
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Saudi Group Shares Rebound After 6-Month Low
Technical analyses have revealed that the stock of the Saudi Industrial Investment Group experienced a positive rebound after reaching its lowest levels in six months, supported by increased trading volumes and surpassing important technical levels. The stock's rise came after it gained the ability to break through exponential moving averages, with the RSI indicator stabilizing above the 50 level, indicating that the stock is entering an upward momentum phase. Traders are expecting this momentum to continue, aiming for the stock to break through the first resistance at 11.90 SAR, with targets of 12.20 and 12.75 SAR, while setting protective levels at 11.20 SAR as a stop-loss, in an effort to correct the downward trend that has persisted since last May.
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