12 Hrs
Source:
مباشر
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Kayan Saudi shares climb
Saudi Kayan shares have posted positive movement, supported by increased buying pressure. The stock rose to SAR 4.84, breaking above its 9- and 21-day exponential moving averages, while the Relative Strength Index climbed above 50. Since late October, the stock has traded between SAR 4.50 and SAR 5.00, after hitting a yearly low of SAR 4.48. Technically, its targets are SAR 4.97, followed by SAR 5.10 and SAR 5.35, if it breaks through resistance levels. The analysis identified SAR 4.70 as the stop-loss level, as a drop below it could return the stock to a downward trend.
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