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Saudi Ceramics shares bounce after support

Saudi Ceramics shares bounce after support

The Saudi Ceramic Company’s stock bounced off the main support level at 20.50 riyals amid a clear technical improvement, recording two consecutive gains along with increased trading volumes. This rebound comes after a decline over the past six months, supported by technical signals such as moving average crossovers and the MACD indicator, which enhance the likelihood of continued upward momentum in the short term. The stock is currently trading around 21.65 riyals and aims for levels up to 23.85 riyals, with the crucial need to maintain trading above 20.90 riyals to ensure the continuation of the bullish trend.

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