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Qoya Shares Hold Support Amid Technical Recovery
The stock of Etihad Taqa Telecommunications Company (Qaw Telecom) has experienced a technical rebound attempt following a year-long decline. It fell from the level of 79.45 riyals and broke below the support level at 67.60 riyals, recording a corrective move supported by increased trading volumes. Currently, the stock faces a major resistance at 71.55 riyals and needs to stay above this level to aim for higher targets between 73.35 and 75.15 riyals, with an important support at 69.45 riyals. If it fails to maintain this support, it could resume its downward movement towards lower levels.
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