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Fibo's shares rise amid higher trading volumes
The shares of VIBCO Packaging Materials experienced positive movements in recent sessions, supported by increased trading volumes and the breakthrough of important technical levels. The stock surpassed the 36 riyal mark, reinforcing the upward momentum, with resistance targets reaching up to 39.50 riyals. This is linked to the possibility of continuing the rise to 42.70 riyals if it manages to break through other key resistance levels. Additionally, forecasts highlight the importance of protecting profits at 37.60 riyals to minimize the risks of fluctuations, while closely monitoring technical performance and signals indicating a potential change in the stock’s overall trend.
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